One of the biggest advantages of owning your own home, aside from not having to pay rent, is the ability to grow and access the equity in your property. But knowing how much your property is worth comes down to several factors that most homeowners aren’t aware of. To help you answer ‘what’s my property worth?’ Darren Walters has put together this article covering everything you need to know about calculating the value of your home and accessing your equity. 

Darren Walters is the founder and CEO of No1 Property Guide. Using his specialised no or low deposit new home system, Darren has helped thousands of renters escape the rental nightmare and become homeowners. He has even helped current homeowners buy their second, third and even fourth properties. Discover your factual new home options by filling in our simple pre-qualification form today. 

How to Assess Your Property’s Value

There are a few ways you can assess your property’s value. The simplest method is to use a free online assessment to get an estimated value range. These are usually based on property sales and data from major websites or companies. This means they can be inaccurate if your area doesn’t have a lot of houses on the market. Or if your home is substantially different to others in the region. 

However, they’re a great tool if you’re just interested or want a rough idea of what your home might be worth. 

Read More: What’s My Property Worth?

• What is a Good Credit Score for First-Home Buyers?
• First Home Owners Grant Increased to $30,000
• Self-Employed Mortgage Australia

If you’re looking for a more accurate figure, you’ll want a professional home valuation done. These do cost a fee, which will vary between providers, but they’ll give you a more accurate figure. 

Finally, banks have their own property valuation system and this is what will be the deciding factor if you plan on selling or utilising the equity in your home. 

At No1 Property Guide, we use all 3 methods throughout our process. By using a combination of different methods, we can quickly establish what your factual options are.  

This is all a part of Darren’s specialised new home system. Once we have an accurate understanding of the equity in your home, we can then move forward with showing you your factual options. 

If you want to understand how we can help you discover the value of your home, and how much equity you have, simply fill in our pre-qualification form. From there, one of our New Home Consultants will be in touch.

How Can I Raise My Property’s Value?

On the other hand, renovations can also add little to no value as well. Renovating an already new kitchen generally won’t add any value. And even if it did, it can often be less than the cost of renovation itself. 

Make sure you consult professionals before undergoing any renovations to increase the value of your home. 

Of course, aside from personally adding value to your home, you can also take advantage of its capital growth. 

What’s My Property Worth at No1 Property Guide?

Own your own home but interested in purchasing another? Then contact the New Home Consultants here at No1 Property Guide. By simply filling in some basic details on our pre-qualification form, our specialists can assess your situation and show you exactly what you can do using Darren’s unique system.