The value of your home is calculated using a combination of factors including its location, age, size, condition, any improvements or renovations made, and recent sale prices of comparable homes in the neighborhood. We also factor in current market trends and local market conditions.

Online home valuations provide a good starting point and offer a general estimate of your property’s worth. However, they may not factor in recent renovations, unique features, or current market trends that could impact your home’s actual market value. For the most accurate assessment, consider scheduling an in-person appraisal.

Generally, a home should be evaluated any time you’re thinking about selling, refinancing, or taking out a home equity line of credit. However, if the market is experiencing significant changes or if you’ve made major improvements to your home, getting a more frequent evaluation could be beneficial.

Yes, typically renovations can increase the value of your home. However, not all renovations provide the same return on investment. Some projects, such as kitchen or bathroom renovations, may yield a higher return than others. It’s important to evaluate the potential increase in home value against the cost of any proposed renovations.