Mint

Understanding Property Valuation: Why Your Home Is Worth More Than You Think1

December 11, 2025

min read

What Determines Property Value?

The value of your property is based on a mix of objective and market-driven factors, including:

Location – Proximity to schools, transport, amenities, and neighborhood desirability.
Condition – Age of the home, maintenance status, and recent upgrades.
Square Footage – Larger homes generally command higher prices.
Market Trends – Local demand, interest rates, and economic conditions impact value significantly.

Many homeowners misunderstand what impacts a home's appraised value:

Overpricing your home doesn’t raise its appraised value—it may actually discourage buyers.
Online tools like Zillow estimates are not always accurate and lack nuance.
Cosmetic upgrades (like paint or furniture) don’t affect valuation as much as structural or system upgrades.

Strategic improvements can significantly increase your home’s appraised value:

Kitchen and bathroom renovations tend to offer the highest ROI.
Energy-efficient upgrades like solar panels or insulation can appeal to eco-conscious buyers.
Landscaping and curb appeal are essential for strong first impressions.
Fresh paint and minor repairs show that the home has been well-maintained.