Home Value Estimator
Wonder what your home is worth? If you’re considering selling your home, refinancing your mortgage or borrowing against your home equity, it’s critical to get as accurate an estimate as possible on which to base your financial decisions.
Use our Home Value Estimator instead. Just enter your address and we’ll use the millions of home records in our database to provide you with an accurate estimate of your home’s current value.
Have your eye on a new home? Enter any address of any property in the country and we’ll do the calculating for you. Then, search for an independent mortgage broker for exclusive access to similar tools, lender partners, and more.
How home values are calculated
Our calculator takes the property address you enter and matches it against numerous factors in order to give you a reliable estimate. Here are some of the most important considerations when evaluating your home’s worth:
Location — You’ve heard the old adage “location, location, location.” And there’s a reason for that. It can mean a safe neighborhood, good schools, job opportunities and proximity to stores and other conveniences that can significantly impact home values.
Neighborhood comparison — Much of a home’s value is based on the recent sale prices of similar homes in your neighborhood.
Local housing market — How well are homes selling in your neighborhood? Is there more demand than supply? When there aren’t many homes for sale in your area, it drives up the value and the selling price of your home.
Size of the home — Square footage is always important in determining the home value. Typically, the bigger the house, the higher the value.
Curb appeal and interior — A well-taken care of home, outside and inside, increases the home’s value. The more bedrooms and bathrooms, the more it’s worth. Updated kitchens and bathrooms also contribute to the value.
Age and condition of the house — A newer house is generally in better condition and will be valued higher than an older, outdated home.
Local economy — Areas that are experiencing a weak economy may see a softer housing market. Conversely, a strong economy generally keeps housing prices high.
Why is an accurate estimate so important?
Having an accurate estimate of your home’s value is important when you’re ready to purchase a new home or refinance an existing mortgage. And while our Home Value Estimator Calculator can be a valuable first step, it’s likely you’ll still need to get a professional appraisal. Talk to a local mortgage broker if you’re considering moving or refinancing your current home loan.
What can you do to increase your home’s value?
If you’re disappointed with your home’s estimate in today’s market, don’t fret. There are many improvements you can make to increase the value of your home. Kitchen and bath remodels add the most value to your home, but they will also cost you the most. Fortunately, there are plenty of things you can do without breaking the bank. Here are just a few suggestions:
- Swap out old light fixtures
- Repaint your walls
- Power wash the exterior
- Clean your windows
- Trim your trees and plants
- Reduce clutter (in the garage, too)
- Finish up any minor repairs
Taking some extra care now can mean making some extra money when it’s time to sell. If you’re ready to purchase a new home or refinance your existing mortgage, search for an independent mortgage broker today to get started.