Neil Rowlandson

Neil Rowlandson

The Calgary Castles Team

Call Neil 403.354.3848

Posts Tagged ‘Calgary Home Evaluation’

Calgary Home Evaluation Questions Answered

Wednesday, November 13th, 2013

Do you know how much your home is worth? A Calgary home evaluation can be done by an experienced Realtor, or you can do one yourself on the Internet. Many Realtors have added a calculating tool to their web sites to help home owners determine how much their home could realistically sell for. They use criteria such as the age of your house, the area you live in, and what similar homes in your area have sold for recently.

Since the house prices in Calgary continue to rise, it is hard to know the exact value of your home from one month to the next. Plus, if you have made improvements the value will increase as well. A new roof may cost several thousands of dollars, but it will increase your home’s value by much more. No one is too keen on buying a house that will need major repairs after only a few years. Unless, of course, you sell to a house flipper. Many people are making a nice living by buying a ‘handy man special’ and turning it into a much more desirable home.

If you are not considering selling your home, an evaluation has probably not even crossed your mind, but some people like to know their home’s value just out of curiosity. Especially when a neighbour sells his house. This gets you thinking, “I wonder what my house would sell for”. A simple home evaluation from a Calgary Realtor will give you the answer. Most evaluations are free when you list your home for sale. If you request an evaluation without listing, you may to required to pay. This would the time to do an Internet evaluation on your own.

A Calgary home evaluation is different from a home inspection. An evaluation simply tells you the current market value, while an inspection delves deeper into anything that might be wrong with the house. Small cracks in the foundation that could lead to serious water damage, or a wet basement. Weak spots on the roof or walls that could leak air, costing you more in heating bills. As houses get older, all sorts of problems could arise. It is a good idea to stay on top of small problems before they turn into large, expensive problems.

There are basically only two instances when you would need a home evaluation. If you want to sell your home, to get current market value, or if you want to re mortgage, the bank won’t give you a loan greater than the value of your home.

These are only a few of the tools that can be used to help determine that value of your home. There are many more that I would love the opportunity to discuss with you.

For more information on the Calgary Real Estate Market, and a No Obligation Free Calgary Home Evaluation, Please feel free to contact Neil Rowlandson or visit me at www.SellingCalgaryCastles.com

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Article Source: http://EzineArticles.com/3403052

Neil Rowlandson, CIR Realty
103 - 11012 Macleod Trail South, Calgary, Alberta, T2J 6A5
Tel: 403-271-0600 Cell: 403-354-3848 Fax: 403-592-2145
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