REAL ESTATE – MARBELLA WOHNEN – Factors that influence the price of a home

Factors that influence the price of a home

The price of a home is influenced by several factors 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 house.

In addition, the value of homes also changes based on supply and demand, so 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 vary their value, 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 brightness

These factors are quite coveted by buyers. When opting for the purchase of 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 conditioner for greater luminosity. Therefore, with the exception of homes with gardens, the highest floors will get more natural light, better views, better ventilation, less exposure to noise pollution, and for all this, they will be more in demand and more expensive. In fact, each added floor can increase the value of the property.

Surface area 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 conservation 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 increasing 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.

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When buying a home, it is advisable to seek advice from a real estate expert, such as Marbella WOHNEN, who will help you throughout the process and eliminate any doubts you may have.

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