What's Your Home Worth?
BY KAPINA LANSDALE
With technology at your fingertips you may have the urge to start your research for your home value online with an automated comparative market analysis (CMA), I highly suggest to achieve the best price point to consider a customized assessment. These automated formulas can’t accurately calculate details such as location, views, landscaping, and custom details.
Here on the Big Island, most of us are familiar with the famous Ali’i Drive in the heart of Kailua-Kona. A programmed formula may calculate a home located right on the ocean with direct access to the beach to be the same price value as a home on the opposite side of the street with no ocean view. This is where having a customized assessment to differentiate the location and views to give you the most accurate price point for your property.
“Tropical landscaping such as lava rock walls, palm trees, and water features all play a part in calculating the price of your home.“
Choosing a Custom Approach
While taking the property’s CMA into account, I also visit the property, compare recent sales & active listings in the area, and include key features that add value to the property. Being able to physically see the property as well as researching other properties in the area gives you the most accurate price point.
My approach when listing a property is to evaluate the property not only from a sellers point but also a potential buyer point of view.
Hawaii Lifestyle
Living in paradise with spacious outdoor living & entertaining areas and the perfect year-round weather makes Hawai’i high in demand that leads to higher home prices. “Price you pay to live in paradise”. Tropical landscaping such as lava rock walls, palm trees, and water features all play a part in calculating the price of your home.
Location is huge to consider when estimating home value not only in Hawai’i but in all real estate markets. Some key factors to consider are; Is the property oceanfront or up on the hill with ocean views? Is it conveniently located near community services or remote & private? Is it located in a private community or resort? This may have an impact on a fair asking price.
What’s Your Home Worth?
Are you curious about what price you may get for your property? Request a CMA to determine an accurate value for your home. For more helpful tips and island information Join my Newsletter and be the first to get notified on new updates.