Connect with us

Home Improvement

How To Gauge Your House’s Value? 7 Things You Need To Know



How to List Your Home to Get the Best Price

Whether you decide to sell your house, buy a new one, or refinance, knowing your house’s value can help you make realistic expectations regarding its price.

The value or worth of a house is not static – it can change with time depending on several factors. So, it is necessary to measure your house’s value periodically, such as once a year, lest you don’t fall victim to any economic loss or don’t miss any opportunity to improve your financial status.

To know how much your house is worth, visit Alpine Credits to read more. This article will tell you how you can gauge your house’s value.

How do you know the worth of your house?

There are three established methods to estimate the value of your house. However, these methods are based upon different aspects, providing you with three facets of your house’s value. 

Fair market value

To assess the worth of a house, real estate agents measure its market value. The property’s market value indicates the prospective buying or selling prices when compared to similar ones in the locality. 

The fair market value method is primarily based on a comparison process. First off, to do this, you compare your house with similar ones in your area that previously initiated any sale. 

Some factors affecting the comparison of your home to comps (comparable homes) may include special features like its internal condition, number of bedrooms or bathrooms, square footage or outdoor space, etc.

Appraised value

A licensed appraiser measures the appraised value of your house by comparing your house and its internal and external conditions to comps. Although it seems to be similar to fair market value, in reality, it is not the same. 

It needs the appraiser to take measurements and notes. A mortgage lender is often very conscious about the appraised value of a house. To calculate this value, the appraiser considers factors like the size, location, and condition of any renovation done to a house.

Assessed value

Typically, the assessed value is calculated for tax purposes. It is usually lower than the fair market value of your house. So, it doesn’t represent its prospective selling price.

To gauge your house’s assessed value, your assessor considers different parameters, including fair market value and the appraised value. The other factors are –

  • Renovations 
  • Income generated from it
  • Applicable tax exemptions

Factors that affect the value of your home

Various internal and external factors can affect the value of your home, including:

  • The size of your house
  • Its age
  • Its location
  • The local market conditions
  • The house’s internal and external conditions
  • Any improvements or renovations  
  • Economic conditions like interest rates or tax rates
  • Comps that are sold recently

Apart from these factors, matters like local political issues, transportation, employment opportunities, and climate changes also have the potential to affect the value of your house.

7 Things to know when calculating your home value

Whether there’s an increment or reduction in your home value, it will undoubtedly affect your financial condition or income or expenditures directly or indirectly. Hence, keeping yourself updated about the ways of such prospective impacts will prove to be beneficial. Let’s dive further to know what to consider when calculating your home value.

#1 You might save money by avoiding private mortgage insurance

A lender will require you to purchase private mortgage insurance (PMI) if your downpayment is less than 20% of the house’s cost. It is generally applicable to conventional loans only. 

However, when you build at least 20% equity on your house, you can request the lender cancel the PMI. Moreover, when the equity reaches 22% of the original loan amount, the lender must terminate the PMI automatically.

#2 Check to see if your homeowner’s insurance covers the entire worth of your home

Ideally, your homeowner’s insurance cost and coverage depend upon your home value. So, if it goes up, you must check whether your policy fully protects you. Make sure that you review your house’s value at least once a year to avoid any financial loss considering your homeowner’s insurance policy.

#3 Tax implications

Your home’s value directly impacts the annual tax implications on your property. The higher the assessed value of your house, the more taxes you have to pay. So, it is always beneficial to review your house’s value every year, as it might prove to be profitable in terms of paying lower annual taxes (in case your home’s value has declined).

#4 Your home’s value according to online listing sites

When it comes to evaluating your house, there are numerous online listing sites or tools called automated valuation models or AVM. These tools can help you calculate the approximate worth of your house with a single click. 

However, since they are technology-based tools, you can’t entirely rely upon them. Nonetheless, they may come in really handy to give you a brief understanding of your home’s value.

#5 Know your equity and borrowing power

Estimating the value of your house allows you to know the updated data about your available equity and borrowing power. If your equity ratio increases, you can utilize the opportunity to get approved for a home equity loan. 

#6 Refinancing

When you know your home’s worth and your current equity ratio, you can consider calculative investments to improve your home. If your equity ratio has increased, you can opt for refinancing and use the funds to improve or remodel your home, which will further increase your house’s value.

#7 If you should sell your house

Increment in your home’s value might entice you to put your home on the market. But before doing that, it is always wise to calculate whether it is the right time for you and your family to move out. If it is, then making minor repairs to your property will prove to be even more profitable.


It is always worthwhile to evaluate your property value regularly to boost your financial decision-making abilities. 

However, it is essential to remember that whatever method you choose, it can’t be taken for granted. Hence, for a better experience, it is recommendable to do further research and combine resources and hire a professional if needed. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Home Improvement

Reasons to hire an expert to get pipe repair done.



pipe repair


At times, the water flow in your home can be affected due to a broken pipe. When this happens, you need to hire a professional who has the expertise of executing pipe relining in Eastern Suburbs. A professional plumber can get the job done more efficiently than you could do it on your own. They are also aware of any potential problems that may arise with DIY projects and can take pre-emptive steps to avoid them from happening.


While some may think hiring a professional is unnecessary; it’s important to remember that the cost of doing it yourself can be far higher. In most cases, it costs more than hiring a plumber or HVAC technician.

You need the right tools for the job and you might not be familiar with how they work. You might also be unaware of exactly how the repair should be done. Then, you can end up causing more harm than good by trying to fix them yourself. As such, hiring an expert who knows what he’s doing is usually worth every penny spent on his services.

Avoiding local plumbers.

The first reason to hire a professional plumbing company for your repair is to avoid the local plumber. Many people think they can save money by hiring someone in their area, but they’re often wrong. Local plumbers often have no experience with the issues that arise in your home and will charge you more than necessary to fix them. They also tend to be less reliable because they are less likely to show up on time or at all.

This doesn’t mean that all local plumbers are bad—there are some excellent ones! However, when it comes down to it, experts have the skills and equipment necessary to fix and prevent problems from occurring again.

To get a substantial and long-term repair.

You can be sure that expert plumbers will perform the job using quality materials and tools. They follow industry best practices and have years of experience in their field. With this, you can be assured that your plumbing system will be repaired in a way that won’t cause problems for months to come, even years ahead.

To avoid a DIY disaster.

If you can’t handle the repair independently, hiring a local trustworthy agency for pipe relining in Eastern Suburbs is the best thing to do. While DIY repairs may seem easy, they are often dangerous and can cause more damage than good. These repairs done incorrectly or without proper training can lead to costly leaks and other issues that will require even more expensive repairs later.

For the most part, the repair is not a complicated process. If you have basic plumbing skills, you can handle most repairs yourself. However, if you need help with what to do or how to do it, it’s best to hire a professional plumber to take care of the job.

No chance of leakage.

Many leaks are very dangerous and costly to repair. A leak can be tough to find, and if not detected in time, it can cause damage to your property as well as other people’s property as well.

If you do not detect the leakage in time, mould or mildew can develop inside your walls and the basement area where water collects. This can lead to serious health problems for anyone exposed to this environment for long periods. In addition, seepage may come from the wall, which will cause dampness on your walls and floors, making them slippery at times.


If you have a leaky one at home, it is vital to get it fixed before it causes any damage. You can call an expert for this job, who will come to your house and fix the problem in no time.

Continue Reading

Home Improvement

Maximising Energy Efficiency with Double Roller Blinds



Double Roller Blinds

Window treatments are essential to any home, providing privacy, light control, and a touch of style to any room. They add a decorative element to your home and can also enhance privacy, control light, and increase energy efficiency. Countless options are available, but choosing the right one can make all the difference in your home’s overall design and functionality.

Most importantly, they can significantly impact your home’s energy efficiency. Select the right window treatments, and you can reduce your energy bills and help to conserve natural resources. One such option is double roller blinds, which offer style and function. In this article, you’ll explore the benefits of these blinds and how they can help to maximise your home’s energy efficiency.

What are Dual Roller Blinds?

Dual roller blinds, or double or day/night blinds, are a type of window covering consisting of two separate roller blinds mounted on a single bracket. One blind is typically made from a light-filtering fabric that allows natural light to enter the room while providing privacy. 

In contrast, the other is made from a block-out fabric that offers complete privacy and light control. This unique design allows you to adjust the blinds to your desired light and privacy throughout the day.

Benefits of Dual Roller Blinds

Dual roller blinds offer several benefits beyond their energy efficiency. For one, they provide a sleek, modern look that complements any interior design style. They are also easy to operate and can be customised to fit your window dimensions.

Sleek and modern look

Double roller blinds provide a modern and stylish appearance that can complement any interior design style. They offer a clean and minimalistic look that can enhance the aesthetics of any room. They come in various colours and patterns, allowing you to choose the perfect style to match your décor.

Versatility in light control

One of the most significant advantages of dual roller blinds is their versatility in light control. They consist of two layers of fabric, one a block-out material and the other a sheer material. 

This means that you can adjust the amount of natural light entering the room by choosing which layer of fabric to use. The sheer layer allows for filtered light, while the block-out layer blocks all light. This versatility allows you to create the perfect ambience in your room at any time of day.

Customisable to fit your window dimensions

Dual roller blinds are available in various sizes, allowing you to find the perfect fit for your windows. You can also customise the width and length to fit specific window dimensions. This means you can get an ideal fit for any window in your home, whether large or small.

Customisation Options

Dual roller blinds come in various colours, patterns, and fabrics, allowing you to customise them to fit your unique style and needs. Some popular fabric options include linen, polyester, and PVC. You can also choose between different levels of light filtering and block out to fit your specific needs. Additionally, these can be motorised for added convenience and ease of use.

Wrapping up 

Dual roller blinds offer a stylish and functional solution for maximising your home’s energy efficiency. By providing added insulation to your windows, they can help to reduce your energy bills and lower your carbon footprint. With various customisation options, they can fit any interior design style and provide versatile light control throughout the day. If you want to upgrade your window treatments, these are great options.

Continue Reading

Home Improvement

Everything about Reverse Cycle Air Conditioning 



Cycle Air Conditioning 

Reverse-cycle AC is a popular cooling and heating solution in many homes and businesses. It is a highly efficient and effective way to regulate indoor temperatures, providing warmth and coolness. Reverse cycle ducted aircon is a popular solution for whole-home cooling and heating, allowing for temperature control throughout multiple rooms or zones via a network of ducts. But how does it work? The following section of this article will take a closer look at the inner workings of reverse-cycle AC, its benefits and factors to consider when choosing one.

How does Reverse Cycle AC work?

Reverse-cycle AC uses refrigerant to absorb heat from one area and transfer it to another. This process is achieved through two main components: an indoor unit and an outdoor unit.

The indoor unit is responsible for circulating air through the building and contains the evaporator coil. The evaporator coil absorbs the heat from the air, and cools it, which is then distributed through the building via ducts or fans.

The outdoor unit contains the compressor, which pumps the refrigerant through the system, and the condenser coil, which releases the heat the refrigerant absorbs back into the outdoor environment. During cooling mode, the indoor unit absorbs heat from the indoor air, and the outdoor unit releases it outside. During the heating mode, the indoor and outdoor units swap functions, with the indoor unit absorbing heat from the outdoor air and the outdoor unit releasing it inside.

What are the benefits of Reverse Cycle AC?

Energy Efficiency: Reverse cycle AC is highly energy-efficient, using less energy to produce heat than traditional electric heating systems. This can result in savings on energy bills, particularly in colder climates where heating is required for extended periods.

Versatility: Reverse cycle air conditioning can provide cooling and heating capabilities, making it a versatile solution for homes and businesses. This eliminates the need for separate cooling and heating systems, saving space and money.

Ease of Use: Reverse-cycle air conditioning systems are easy to operate and require minimal maintenance. Many systems come with remote control, allowing users to adjust the temperature and settings from the comfort of their chairs.

Air Quality: Reverse cycle air conditioning systems can also improve indoor air quality by filtering dust, pollen, and other allergens. Many systems include built-in air filtration systems, which can improve the health and well-being of occupants.

What to consider when choosing a Reverse Cycle AC?

Size: When choosing a reverse cycle ducted aircon, it is important to consider the size of the unit in relation to the size of the space it will be used in. A unit that is too small will struggle to heat or cool the space effectively, while a unit that is too large may be inefficient and waste energy.

Efficiency: Look for a system with a high energy efficiency rating. This will ensure that the unit operates efficiently, resulting in lower energy bills and reduced environmental impact.

Installation: Proper installation of a reverse cycle air conditioning system is crucial for efficient and effective operation. Choosing a reputable installer with experience installing reverse-cycle air conditioning systems is important.

Reverse cycle AC is a versatile, energy-efficient solution for homes and businesses cooling and heating. Using a refrigerant to absorb and transfer heat can provide warmth in colder months and coolness in hotter months, all while reducing energy bills and improving indoor air quality. When choosing a reverse-cycle air conditioning system, it is important to consider factors such as size, efficiency, and proper installation to ensure optimal performance and effectiveness.

Continue Reading