When selling your home, it is always best if you can choose the time to sell it but often that is not the case for those that only own one house. However, if you are fortunate to own two homes, you can perhaps decide when would be the most appropriate time to sell and then only sell it then.
Property values fluctuate with the state of the country’s economy which creates times when property prices are high and other times when property prices are relatively low. This means that if you are looking to buy a house, you would prefer to buy it when property prices are low but, if you are selling a house, you will want to wait until the property prices rise again.
Also the location of the property can play a role in its value and that must be carefully looked at. The prices of properties can vary from area to area, often depending on the availability of jobs in that area.
If for instance your house is located in a town which has a large factory that provides employment for the town’s residents, your house will probably be well sought after however, if the factory is thinking of moving, you may want to hurry sell your house as, once there is no employment in the town, houses in it will become less sought after and therefore their values will drop, sometimes very significantly.
Apart from the timing of a house sale being important, there are also several other things that can affect the value of a house and many of those may be within your control. In most cases it is the land on which a property sits whose value fluctuates with the popularity of a location but the actual value of the house itself is dependent on the general size and condition of the house itself.
Obviously a house which is in a state of disrepair will have a lower price than one that isn’t. Likewise a house which has had extensions put on it could have a higher value than one that has no extensions. So the factors that determine the value of the house itself are, size, condition and curb appeal.
Usually the larger the house, the higher price can be asked but curb appeal is something that is playing an increasingly bigger role in determining house prices. Curb appeal is the name that has been given to how appealing a house looks from the street.
This then is something that you may have control over as you can make it more appealing by giving it a fresh coat of paint and adding some nice touches to the grounds in front of the house.
Although having any couple of trees visible from the road can give it more appeal, the appeal is even greater if those are broad leafed trees. A few well positioned flowers can also give a house more appeal as will a well-manicured lawn which is neatly trimmed.