The Property’s Condition
When you evaluate a property’s conditions, there are many things that you should consider. One of the most important is its structural condition – the walls, floors, ceilings, doors, roof, and windows, as well as the carpet, paint, and floor covering. Also pay attention to the bedrooms and bathrooms and if the electricity and plumbing work efficiently. Look at the fixtures like the doorknobs and light switches and make sure that the yard is in good shape.
Even when you’re comparing the same house model within a neighborhood, you have to take note if the previous owners made any improvements. Ignore cosmetic changes, but pay attention for major improvements like room additions. Other items like swimming pools or expensive floor tiles should be discounted – a pool that cost $20,000 to install does not automatically add $20,000 value to the property.


