How to value your condo? You want to compare the past sales with the most recent being the most important to your unit. You want to start in the same building to see how your unit stacks up to those that have sold. There is much more than just square footage that is entered into the equation. Things to consider are:
- Views and windows
- Ceiling Heights
- What floor are you on?
- Updates, Kitchen and baths are the key
- New appliances
- Porch, balcony, terrace adds to value
- Wood floors
- Recent Updates
- How does the unit show
- Know the pluses and minuses of your unit.
- Common areas?
You also want to slot your unit among the present listings so you can see how it stacks up with the market. Buyers are going to look at least 5-6 units before making their decisions. They will chose what suits them best in that price range.
What you owe or paid for the condo has nothing to do with its current value. If you added value then you will need the numbers and the actions.
Send me an e-mail describing the unit along with the address and I will give you some ideas as to the most probable range you will be looking at.