Sydney, July 05, 2018: A home appraisal is an important step before putting the property on the market. The appraisal value is determined on an array of factors that bring different weight during the evaluation process. The purpose of real estate real estate appraisal in Sydney is to place the property on the market after a fair assessment based on a comparable set of standards.

Mentioned below are five factors that can greatly influence the value of your home appraisal.

• Location
Location is a crucial factor in determining the appraisal value. Moreover, different neighbourhoods also influence the property value. If your home is positioned in a renowned neighbourhood with proximity to schools and hospitals and which has a lower crime rate, you are more likely to get a good value for the property.

• Structure and Construction Materials
Structure of a home and its construction materials are other significant factors that determine the value. Houses that are built using modern materials hold higher values than houses that were built decades ago. Hence, it is advisable to update some materials such as the roof, windows or sidings before putting houses for sale in Sydney as they improve the efficiency and structure of these houses.

• Home Design
The design is another area that is also helpful to determine the value of your home. Certain home designs are considered timeless, as they do not affect the long-term value of the property. On the other day, by choosing some stylish décors and modern finishes, you may lower the chances of getting higher value for your property.

• Number of Bedrooms and Bathrooms
The number of bedrooms and bathrooms will also help you to increase the value of your home appraisal. The professional appraiser compares your home to other similar homes in the same area based on the number of bedrooms and bathrooms.

• Current Real Estate Market
Above all, the current trend in the real estate market also influences the process of home appraisal. If a seller’s market is saturated with several numbers of buyers and does not have sufficient inventory to accommodate all of them, a property located there tends to be appraised with a higher value. On the other hand, if the home is appraised in the buyer’s market that is saturated with a little number of buyers and plenty of homes, it should be appraised lower.