5 Factors To Determine Louisville Home Value

  1. Location, Location, Location

This old adage has been around for a very long time and still holds true. Here are some items that help determine a great location: food options, healthcare facilities, low crime rate, commute to downtown, high-ranking schools. These are just a few of the many factors.

  1. Age and condition

Typically new homes will sell for more than older homes because they’ll in general require less maintenance. Usually homebuyers like to see modern kitchens and baths. Condition also applies to the homes foundation, structural integrity, electric and plumbing fixtures. A big consideration in Louisville is whether the basement has had water at any time.

  1. Bed and Bath Count

A home with an extra bedroom will probably have more value that a larger home without the same number of bedrooms. There are lots of buyers out there who dream of having a separate guest bedroom and/or bathroom. Even if your home is in a prime location, having only one bathroom or a low bedroom tally won’t help your home value.

  1. Home Improvements

Most sellers think home improvements are a sure way to increase the value of a home. Improvements like updated kitchen and baths, room additions, tile flooring, swimming pools, can increase the value of your home. However, often homeowners spend too much and don’t get the return on investment when they sell the house.

  1. Floor Plan

More social time, keeping an eye on kids, increase views and natural light and better entertaining are just a few of the reasons the open floor plan is so popular. Many older homes don’t have an open floor plan so you need to look at whether it is possible to make the main living area more open by taking out walls, or adding doorways.

If you are thinking of selling your home, call us now at 502-777-1051.  We are interested in buying your home.  We offer cash for a fair market value on your home, no realtor commission, no repairs to make, no showings, no appraisals, just a smooth transition for you.  Do you have a lifetime of possessions you can’t manage alone?  We can help with that too.