What is the value of my house?

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If you want to know the value of your home, you can have a valuation done by a real estate agent or by HuisHunters. This way, you'll have an estimate of what your property is worth in the current market. In this article, we will explain what a valuation is, what the market value is and what the WOZ value is. If you want to know the value of your house, you can register your house on the website.

What is a valuation?

During a valuation, a real estate agent or intermediary like HuisHunters provides an estimate of your home's potential sale value. They do this based on their knowledge and experience. It's not a fixed value or a mandatory sale price; it's just an estimate. A valuation is almost always free. The value is determined by the property's location, condition, and size. They also look at similar properties in the neighborhood that have recently sold. The value resulting from a valuation can, for example, be used as the asking price.

The market value of your house

The market value of a property is the amount it should fetch on the open market. Determining the market value is important to set a realistic asking price. However, establishing market value is not always straightforward. Every home is unique and different on the inside. The property's value can be best determined by analyzing comparable homes in the neighborhood. Look at the sale prices of recently sold properties that are similar. You can also estimate market value by seeking advice from a professional.

The WOZ value of your house

WOZ stands for ‘Waardering Onroerende Zaak’ (valuation of real estate) and it determines the amount of taxes and municipal levies. The municipality in which the property is located will determine the WOZ value every year. According to the municipality, the determined amount is what the property should be worth. However, the WOZ value is not very reliable for determining the actual property value. It doesn't take into account the condition of the property, and its value has a delay. The WOZ value may significantly increase while property prices are falling. This is why some properties have a high WOZ value even if the actual value is lower. Therefore, do not rely solely on the WOZ value of your property.

What factors influence property value?

Several factors influence the value of your home. These are the main factors that affect property value:

  • Location
    The location of the property plays a significant role in property value. The better the location, the higher the property's value.

  • Property type
    Property type affects the property's value. Certain property types are more popular than others.

  • Size
    The size of the property largely determines its value. In some cases, a specific square meter price is calculated. Larger properties are worth more than smaller ones.

  • Condition
    The property's condition significantly affects its value. Renovating a property can quickly become expensive. A property that is fully finished is worth more than one that still needs renovation.

  • Energy label
    Due to rising energy costs, the energy label has become increasingly important for property value. A good energy label means lower monthly energy costs, making these properties more valuable.

  • Market conditions
    Market conditions largely determine property value. The real estate market operates on the principles of supply and demand. High demand will drive up prices and, therefore, property values. Mortgage interest rates also affect market value.

Free valuation

We are happy to assist you in calculating the property value. By submitting your property below, we can provide an estimate of its potential value. This indication can help you determine the final asking price. Do you want to know what your house is worth? Register your property without any obligation or costs!