A million and one reasons to find out the worth of your home
December 7, 2016
How much is your home or investment property worth?
Most people draw a blank look when asked the true value of their home and, in turn, the level of equity they hold in it. But when asked about their bank balance, superannuation or shares portfolio, many can provide an answer down to the dollar.
It’s not until a home owner or investor is looking to sell that they decide to contact a professional real estate specialist for a home or rental appraisal. Home owners and investors use median home price guides released by various analyst agencies, and reported in the media, to gauge what their home is worth.
However, this is a blanket guide and not necessarily indicative of your own property. For most of us, our homes are our biggest asset but, strangely, we don’t have a proper understanding of what our homes are worth, or what it could fetch in the rental market. It’s especially surprising as an appraisal is free, easily organised, and completed quickly.
Organising an appraisal is as important as checking your share portfolio: just as you should know how your shares are moving, you should have an understanding of how much equity you have in your property.
Get in touch with your local LJ Hooker office today, and find out what equity you have in your home, or how much it could command on the rental market.