Home estimates
How do you estimate the value of your home. A home on the same street as me just went up for sale. They want $315,000. It’s about 200 sq ft bigger than mine 3 br 3 bath with a garage a porch and yard. I will not lie it’s very nice inside, and my assumption newly renovated. The question comes from our bank estimating our home to be of value at $185,000 but our home is 5br 2 1/2 bath, also with a garage and a long porch. Yard is about the same size. We also have a basement and this house does not, along with a long driveway that can fit at least double the cars this one can. I would consider our house average nothing super fancy as terms of renovation but when we bought it 7 years ago for $115,000 it had a brand new metal roof, new flooring, new drywall, all new plumbing and electric and a new furnace. Basically this house was gutted to the studs and renovated. Are they just out of their mind for the price? Has the housing market really went up that much? We live in a very small town, honestly it’s so small it’s probably considered a village. We have a post office, dollar store, gas station, and school. But legit only stop signs no lights because it’s that small.