What Determines Property Value? Key Factors and Common Myths

At ACET Custom Homes, we know that understanding property valuation is essential for both buying and selling luxury custom homes. The value of your property is determined by a combination of objective factors and market-driven influences. Location is a significant factor—proximity to top-rated schools, transportation hubs, and desirable neighborhood amenities can all boost your home’s appeal and price. Condition is equally important, including the home’s age, how well it has been maintained, and any recent upgrades or renovations. Square footage also plays a major role, as larger homes typically command higher prices. Additionally, local market trends—including demand, interest rates, and broader economic conditions—can have a substantial impact on your property’s value.

Common Myths About Home Appraisal

Many homeowners mistakenly believe that overpricing a home will increase its appraised value, but in reality, it may discourage potential buyers and delay the sale. It’s also important to remember that online valuation tools—such as Zillow estimates—are often inaccurate and lack the nuance that a professional appraisal provides. While cosmetic upgrades like new paint or trendy decor can freshen up a home, they typically don’t carry as much weight in an appraisal as major structural improvements or system upgrades.

At ACET Custom Homes, we’re here to help you navigate every aspect of the custom home building or home selling process, from understanding property values to crafting a vision for your perfect home. Contact us today to learn how our expertise can turn your real estate dreams into a reality.