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How to Know How Much Your Delaware or Pennsylvania Home is Worth

Thursday, October 6, 2022   /   by April O'Brien

How to Know How Much Your Delaware or Pennsylvania Home is Worth

pexels-curtis-adams-3935333.jpgWhen you decide to sell your home in Delaware or Pennsylvania, you begin to dream about how much profit you can make and moving to your next location. However, there is one figure you’ll need to determine before you can make those dreams a reality— your home value.

It is not uncommon for homeowners to over-estimate how much their property might be worth, so as your local real estate experts, The Kat Geralis Home Team has put together a few tips that can help you determine just that.

Comparable properties
One of the first places to look to help find your home value is a list of comparable properties in the area. Look at homes that have a similar square footage to yours or those with the same types of features. Even if you think your home is better than the one down the street, you’ll need to consider if it has a larger footprint, updates that yours doesn’t have, or more bathrooms as these can add significant value.

Home improvements
Have you made any recent improvements to your DE or PA home? They could make a big impact on your home value— or not add as much as you thought. Know that there are some updates that don’t add as much value as others at resale so it is always wise to consider ROI (return on investment) prior to completing projects. If you are unsure if a certain update will boost your value, you are welcome to consult your real estate agent!

Location
There is a reason “location, location, location” is a real estate mantra. Factors in your area like the schools, proximity to entertainment, parks, commute times, neighbors, and of course, a sense of community can all either help or hinder your home value.

Age of the home
Your home’s condition and the age of the property can also influence how much it may be worth. Oftentimes, homes deemed “historic” and newer properties tend to be worth more than others. The aforementioned factors do play a big role in finding your home’s worth, but typically as homes age, their value lessens.

There are many ways for you to determine the value of your Delaware or Pennsylvania home and it is helpful to have an idea of what you might be working with prior to listing the property. Remember, it’s best to put on your home seller hat and set aside your emotional ties to the property to find a realistic price.

Curious about your DE or PA home value? Contact The Kat Geralis Home Team today to find out!

Katina Geralis
DE and PA Real Estate Expert
eXp Realty

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eXp Realty - Kat Geralis Home Team
Kat Geralis
3411 Silverside Road Suite 104
Wilmington, DE 19810
302-575-1086

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which eXp Realty - Kat Geralis Home Team participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2022 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: December 10, 2022 3 AM.
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