How do instant online valuations work?

In today’s fast-moving world, time is of the essence. Thankfully, you don’t have to wait around to discover the value of your home, as online property valuations can give you an estimation in minutes. 

Let’s take a look at what instant online valuations are, how to get one, and how you can increase the value of your property.

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Why is a valuation so important?

If you’re considering selling your home, knowing it’s true value is crucial. A valuation allows you to accurately estimate how much you could receive for your home, helping you to set a competitive and realistic asking price. 

Setting the right price will help you to attract serious buyers and reduce the chances of the property being on the market for an extended period of time without offers.

Related: Why it’s important to get your home valued every year

How to get an instant online valuation

You can use our free instant online valuation tool to receive an estimation of your property’s value in minutes. 

All you have to do is enter your postcode and a few details about your home, such as the number of bedrooms it has, the number of bathrooms it has, and what type of property it is. 

Tip: It’s important to remember that an online valuation simply provides an estimate. If you are looking for a more precise figure, it’s a good idea to book an in-person valuation.

Find your local Ellis & Co branch today.

How is the instant online valuation calculated?

Data from the Land Registry is used to estimate the value of your home based on the current market in your area. It uses data such as recent property sales, the features of your property, and local market conditions to provide an estimate.

Related: Is my house ready to sell?

Why instant online valuations are useful

One of the main advantages of online instant valuations is the convenience they provide. You can receive a valuation from anywhere by simply entering a few details, saving you valuable time and effort. They help to give you a quick and free insight into the value of your property to help you make informed decisions for your next step.

Could an in-person valuation suit you better?

In certain circumstances, it may be necessary to book an in-person valuation to ensure you accurately and precisely understand your property’s true value. For example, if you have recently made renovations to the property that could increase its value, an in-person valuation will identify and reflect this.

Related: Steps to selling a house (and how to speed them up)

How to increase the value of your home

Kerb Appeal

First impressions matter, so improving the outside of your property can go a long way to increasing the value of your property. Tidying your front garden, cleaning your windows, and fitting a new front door are all great ways of enhancing your property’s exterior.

Kitchen and bathrooms upgrades

Kitchens and bathrooms often have the biggest impact on a property’s value, so presenting them well is crucial. Modernising the kitchen with new counters, cupboards, and appliances can greatly increase a property’s value, as can updating bathrooms with new fixtures and tiles.

Energy efficiency

Installing energy efficient windows, insulation, and appliances can improve a property’s EPC rating and increase its value. Solar panels and smart thermostats are also good ways of boosting your property’s energy efficiency.

Related: Everything you need to know about solar panels

Additional space

Adding more usable space, such as a basement, an attic conversion, or an extension, may increase the amount your property is worth.

Looking to sell your home? Contact your local Ellis & Co agent today.

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