Homes For sale In Abuja, Owerri, And Warri – Determine Their Buying Or Selling Price.

3 SIMPLE FACTORS YOU NEED TO DETERMINE THE BUYING OR SELLING PRICE OF ANY PROPERTY

Whether you are a homeowner or a homebuyer, there are three crucial factors to consider when determining the selling or buying price of a house. These factors are; location, product and timing. 

Location:

The vicinity, the street, the city and even the country where the house is located will contribute significantly to the buying or selling price of the house. If the vicinity has admirable buildings, and it’s a serene and secure environment with good road connections – it will influence the buying or selling price of the house upwardly.

Product

In real estate, ‘product’ refers to the entire feature of a property. Property valuers value a house by beginning with a detailed physical inspection of the main ‘bones of the house; examining the quality of roofing and the roofing sheet, the electrical materials, the plumbing materials, quality of the windows, with their alignment and installations, the quality of tiles/marbles on the floor, the features in the bathrooms and the quality of wood used for kitchen cabinets, doors and wardrobe, quality of the interior and external finishings and the proper grading and drainage of the compound; whether the compound is tiled or not — all to get a feel for the condition of the home, will determine the buying or selling price of the property.

So, mere looking at pictures wouldn’t help you price a house right and that’s the reason you need to book an inspection after viewing such property online.

Timing

Just like in other product markets, the time factor has a big role to play in determining how much a house should go for. The cost of a duplex built last year/this year is expected to be higher than the same duplex built two years ago. One reason for this is that as time goes by, modern materials are used in a building and the costs are higher.

At Mannavilla, we offer you value for your money, we develop and we sell. To Buy or Sell any  property, contact us today and we will work you through the process seamlessly.