Just how much should you pay for a house? This is really up to you to decide - BUT the more information you have to hand about the about the house itself, about comparable properties, about the state of the housing market, and about how all of these things will reflect on the value of the house - the more informed a decision you can make about the worth of a house.
A few Blog articles in 2010 touched on things that might help you work out the value of a house and here they are again for you to browse over:
This article has links to a number of resources you can use to work out market value and gives some tips and suggestions on what you should think about when you are working out the price you want to pay for a house. So if you are trying to work out the money bit check out the article ‘How much should I pay for a house?’
The RV of a house can be a bit of a wild card when it comes to working out what a house is worth – sometimes it is best to ignore the RV altogether – while other times it can be spot on! In our article ‘Is the RV a price guide’ we tell all about what the RV is and how it can (or can’t) be use to determine market value.
There are many things that can influence the housing market – the state of the economy, interest rates and house prices themselves are the obvious ones. In this Blog article we point you towards some good analysis of factors influencing the housing market – there are some things in here that may surprise you! Check it out – ‘House prices in NZ – where are they going?’
This is the last Propertytoolbox Blog article for 2010 – we will be back in the middle of January with some more great highlights from 2010 – and we are looking forward to bringing you some more meaty house buying information in the Blog in 2011. Don’t forget – you can always reference the house buying guide for good basic house buying advice anytime you need it. See you next year!