REAL ESTATE – MARBELLA – MARBELLA WOHNEN – Find out the factors that influence the price of a house

Find out the factors that influence the price of a house

Several factors influence the price of a home that can significantly increase the value of a property. Apart from the tastes and needs that condition this search, we must also take into account the factors that increase the price of housing when looking for a home.

In addition, the value of homes also changes depending on supply and demand, so that when there is a lot of demand and the supply is low, the price goes up.

However, there are other factors that always influence the price.

Factors that influence the price of a home

Location

It is the first requirement that marks the purchase of a home and at the same time it is one of the factors that most condition its value.

Even if two properties are very similar, their location can make their value vary, simply depending on the neighborhood where they are located.

In general, in the center of the cities the value of the houses is higher than in the peripheral neighborhoods.

Orientation, height and luminosity

These factors are quite coveted by buyers. When deciding to buy a property, these elements can be decisive. The orientation can tell us if a house is cold or hot and if we are talking about a building, if it is exterior or interior.

Height is another essential conditioning factor for greater luminosity. Therefore, with the exception of houses with a garden, the higher floors will obtain more natural light, better views, greater ventilation, less exposure to noise pollution, and for all this, they will be more demanded and expensive. In fact, each added floor can increase the value of the property between 1 and 2%.

Surface and distribution

Another determining factor is the surface, which will have a direct impact on the price. The more square meters you have, the higher your price will be. In addition, having a good distribution of the property or the possibility of being able to redesign it is important.

Material quality

The quality of the materials is a key factor in the preservation of the home, so a house built with quality materials will depreciate less over the years. It is estimated that a house loses 15% of its value 5 years after its construction, but if it is built with quality materials it will not lose as much value because its deterioration will be less.

Equipment and energy efficiency

Investing in elements such as heating, air conditioning or home automation increases its price.

In addition, if we add to this that awareness of energy efficiency is greater every day, installations with solar panels or renewable energy sources can increase the value of a home.

Buying a home is not an easy task, you have to know the real estate market very well so as not to be confused with the purchase we make.

If you want to invest in a vacation home and need professional advice, do not hesitate to contact us. We are experts in real estate purchases and investments.

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