Do you know what your home is worth? It can be tough to figure out exactly what your home is worth since, in reality, “worth” is fairly subjective. Different people place value on different things. That means that something you find charming in your home might be repulsive to someone else. And, of course, you can’t forget your sentiment regarding the home means that you probably value it higher than a casual observer would.
Of course, even appraisers have different ideas of how to value a home, and valuation models based on computer algorithms can result in different estimates for the same home. If you are preparing to sell your home, or if you are looking to refinance, here are some things to consider about what affects the value an appraiser attaches to your home:
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