Blog

Feb
23
Construction Industry Trends: How Much is My Home Really Worth?

In this day and age, people are quick to jump on the internet for everything, including construction industry trends and price estimates for their home. The truth is that these internet sources are not always accurate. While they're fun to search and compare, there a few important things that you should consider when trying to come up with a precise figure for your home. Things that you'll want to take into account are the size, the location, the age, and the condition.

Size

When considering the size of your home, you absolutely have to consider the layout. The number of bedrooms you have is always a big influence on the value of your home, as well as the size of them. It's actually better to have fewer bedrooms that are large, than more bedrooms that are small. The layout of the kitchen and the living room is another big influence. An open design for your kitchen and living room is more spacious looking than a boxy design that is actually the same size.

Location

Location, location, location. Your home's location is sometimes actually more important than your home itself. You'll have to take a good look at things like your neighborhood, the surrounding areas, the school district, local events and activities, and so on.

Age and Condition

Age and condition kind of go hand in hand. Is your home fairly new or is it a fixer upper? Generally speaking, as a home gets older it loses value, unless of course we're talking about a historical home. But if it's just plain old, then it's probably not worth as much as a newer model.

Contact us today at Ascent Builders, Inc. to learn more about all of the latest construction industry trends and how we can help you.


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