Factors that affect the value of a house.

[Bisolami]

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

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]

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

 

[Stardom22]

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]

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]

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.

 

[timewo]

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.

 

[King Belieal]

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

 

[Etini Willie]

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

 

[Hate2Wait]

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.