Here are the main factors that determine a property's worth:
1. Location, Location, Location
・Proximity to schools, parks, shopping centers, and public transportation.
・Desirability of the neighborhood or city.
・Scenic views or access to amenities like beaches or lakes.
2. Size and Usable Space
・Total square footage and the functionality of the layout.
・Number of bedrooms, bathrooms, and storage spaces.
・Outdoor areas like yards, patios, or balconies.
3. Condition and Age of the Property
・Quality of construction and materials used.
・Maintenance history and recent renovations or upgrades.
・Energy-efficient features or modern appliances.
4. Market Conditions
・Supply and demand in the local real estate market.
・Economic trends, interest rates, and unemployment rates.
・Seasonal fluctuations in buying or selling activity.
5. Comparable Properties (Comps)
・Recent sale prices of similar homes in the area.
・Unique features that set the property apart from others.
6. Curb Appeal
・Exterior design and landscaping.
・New roof or attractive facade.
7. Zoning and Future Development
・Local zoning regulations and the potential for commercial or mixed-use development.
・Planned infrastructure projects like new highways or transit lines.
8. Additional Features
・Fireplaces, home offices, or smart home technology.
・Garage space, RV parking, or bonus rooms.
◾ Rhonda Alderman
◾ Top Listing Agent Santa Rosa Sonoma County
◾ Broker Associate-Keller Williams Realty
◾ DRE#01292529
