Factors that affect the value of a house.

B

Bisolami

Very Familiar

Member

Sep 19, 2022

17,833

1,539

Dex

$0.000

Raw Dex

$0.078

• Mar 4, 2023

• #21

cherry123 said:

The fact is the value of a property is really determined by the location of that property. If you are pricing a property in the urban centres it would be expensive

Click to expand...

This is why some people do not like to live in Lagos because of the expensive house rent. The prefer to live in other states

 

cherry123

Popular

Member

Sep 5, 2022

27,491

2,612

Dex

$0.791

Raw Dex

$0.101

• Mar 4, 2023

• #22

Yeah the rent amount for houses in the urban and rural areas is quite wide it is like the difference between day and night. it can be very expensive here

 

S

Stardom22

Very Familiar

Member

Sep 1, 2022

13,304

565

Dex

$5.300

Raw Dex

$0.018

• Feb 9, 2024

• #23

The main factors that affects the value of the property would be the location where the house was constructed, the availability of the legitimately land ownership like the evident for a little deed among other reasons.

 

eldavis

Very Familiar

Member

Sep 4, 2022

15,144

665

Dex

$0.000

Raw Dex

$6.776

• Feb 9, 2024

• #24

The state of the house can also affect the value of the house. a house that is old and needs a lot of maintenance, will definitely be priced lower than the actual price.

 

nomad

Very Familiar

Member

Jun 22, 2022

11,002

513

Dex

$0.010

Raw Dex

$1.000

• Feb 10, 2024

• #25

Location plays a very important role in determining the value of property. If the property is located in commercial district, it will worth more than the property located in a residential district.

 

T

timewo

Notable

Member

Jul 30, 2022

2,808

212

Dex

$0.160

Raw Dex

$1.753

• Feb 12, 2024

• #26

Homes which are well maintained, in good condition have a higher value while homes which are burgled or not properly maintained usually have a lower value, since extensive repairs are required.

 

K

King Belieal

Notable

Member

Oct 26, 2023

3,023

49

Dex

$0.711

Raw Dex

$0.401

• Aug 31, 2024

• #27

A real estate property is severely affected by the population density of that location as it determines the demand for houses there.

 

E

Etini Willie

Notable

Member

Nov 22, 2022

3,461

93

Dex

$0.000

Raw Dex

$0.901

• Aug 31, 2024

• #28

I think that government plan for a particular location also affects the value of a property in the short term.

 

Hate2Wait

Very Familiar

Member

Jun 16, 2022

24,964

2,500

Dex

$0.100

Raw Dex

$1.581

• Sep 1, 2024

• #29

There are so many things that affect the value of the house. This includes having favorable location, mode of transportation available, other basic needs, Park, cleanliness, Neighborhood.