Your Home Sold Guaranteed Realty - Rudy Lira Kusuma Real Estate Team

Rudy L. Kusuma
Rudy L. Kusuma
DRE# 01820322

Why Is It Important to Know My Home Property Value in Pasadena?

Have you ever wondered about your home property value in Pasadena? You may know that home value is important for selling your home, but did you know that having an accurate home value can be used in other circumstances? These include:

  1. Knowing whether to refinance
  2. Deciding on home improvements
  3. Obtaining additional income
  4. Being prepared
  5. Selling your home

In this post, we’ll explore some of the unexpected ways that home value can be used to take your homeownership to the next level.

1. Knowing Whether to Refinance

Refinancing your home can be a great way to save money. With an accurate home value in your pocket, you can determine whether refinancing is right for your family. Generally, the more equity you have in a home, the easier it will be to refinance. Your home value will guide you in how much of a mortgage you can take out. 

2. Deciding on Home Improvements

Whether to increase your own enjoyment of the home or to prepare it for sale, having your home value will help you decide on whether to make home improvements. 

Bear in mind that home improvements don’t always lead to bigger profits. In fact, in some cases making home improvements can cause you to lose money. For instance, if your home is already priced at or above other homes in the area, additional improvements may make your home significantly more expensive than other comparable homes. This may cause your home to linger on the market or even necessitate a price reduction. This is where knowing the true value of your home is vital.

3. Obtaining Additional Income

In some instances, refinancing your home for a cash-out isn’t the best way to obtain additional income in an emergency. Some homeowners will be better served by obtaining a Home Equity Line of Credit, or HELOC. Getting a HELOC is largely dependent on the amount of equity you have in your home. Without a clear idea of what your home is worth, this avenue for additional income may be closed for you. 

4. Being Prepared

It’s an unfortunate reality that unexpected things happen. Whether it’s an illness in the family, the loss of employment, or a necessary move for other reasons, the more prepared a homeowner is to face the unexpected, the better. Having an idea of what your home is worth will make you better prepared for life’s unexpected challenges.

5. Selling Your Home

Finally, as you may already know, it’s important to know the home property value in Pasadena before you sell. After all, if you don’t know what your home is worth, how can you know how much to ask for it?

Asking too much for your home can dissuade potential home buyers from wanting to purchase your home. A price that is too low may catch the attention of potential home buyers but selling too low means that you are missing out on potential profits. To get the right mix of profit and homebuyer interest, your property needs to be priced accurately. 

Find Out More About the Benefits of Home Property Value in Pasadena

As you can see, the benefits of home property value are numerous. When you’re ready to sell your home, the easiest and most accurate way to find out your home’s worth is with a comprehensive comparative market analysis performed by an experienced realtor. This market analysis compares your home to others listed and sold in your area. It is completely customizable so you can rest assured that your home’s unique features will count in your favor. 

At Your Home Sold Guaranteed Realty - Rudy Lira Kusuma Real Estate Team we know that your home is your most valuable asset and that knowing the benefits of home property value are important for many reasons. That’s why we strive to give you the best information possible on what your home is worth. We guarantee that our comparative market analysis will give you the information you need to make an informed decision about your financial future. No matter what life throws your way, Your Home Sold Guaranteed Realty - Rudy Lira Kusuma Real Estate Team is here to guide you throughout your real estate journey. It’s why our clients trust us time and time again for their real estate needs! 

To give you the most accurate and up-to-date analysis, call us at 626-789-0159 or contact us online here. We look forward to helping you with your home needs!