What is valued in a home appraisal?
07/11/2024

At Grupo Gordon , your trusted real estate agency in Sanxenxo , we want to help you understand in depth what aspects are taken into account when valuing a home . This process is essential to determine the real value of a property, whether to buy it, sell it, apply for a mortgage or carry out any other legal procedure.

Location

It is considered: 

  • The distance to the city center or to points of tourist interest.
  • The presence of parks, green areas or leisure spaces.
  • The proximity to rivers, beaches, etc.
  • The existence of noise or environmental pollution.
  • The ease of parking in the area.
  • If it is a neighborhood with high levels of security and low crime.
  • Views.

Housing features

Aspects such as:

  • The height of the floor (higher ones usually have better views and more light).
  • The layout of the rooms.
  • The existence of a terrace, balcony, garden and/or swimming pool.
  • The energy efficiency of the home (energy certificate rating).
  • The presence of home automation or other technological elements.
  • If the home is adapted for people with reduced mobility.
  • That there is a garage and/or storage room.

Conservation status

In the case of a second-hand home, the following are analyzed in detail:

  • Damage to walls, ceilings, floors, carpentry, etc.
  • The age and condition of the facilities (plumbing, electricity, heating...).
  • The need to carry out renovations or repairs.
  • Valuation of the surrounding housing

They are compared:

  • The sale prices of similar homes on the same street or development.
  • The characteristics of the homes sold (surface area, condition, etc.).
  • The length of time the homes have been on the market.

Market situation

Analyzed:

  • If there is a lot of supply or a lot of demand for housing in the area.
  • Whether prices are rising or falling.
  • If there are economic or social factors that may affect the market.

Future perspectives

Finally, the following are taken into consideration:

The planned investments in the area (new urban development projects, infrastructure, etc.).
The expected population growth.
The possible changes in the real estate market.

Do you want to sell or rent your house in Sanxenxo?

Whether you want to sell your house or are thinking of renting it out, at our real estate agency in Sanxenxo we will tell you exactly and reliably how much it is worth on the market. At Grupo Gordon we have a team of highly experienced professionals, which is why we guarantee a personalized service for the appraisal of your home. 

Likewise, we not only take into account the aspects mentioned above, but also the specific characteristics of each property and the needs of each client. 

Contact us and we will provide you with personalized advice without obligation.