Even if you are not thinking about selling your home in the near future, it is still wise to request a regular home evaluation. A home evaluation can provide you with valuable information that can influence your financial, legal and real estate decisions. Here are my top reasons to request a regular home evaluation:
Buying or selling
If you have been thinking about selling your current home and buying a new one then a home evaluation is the perfect place to start. It will provide you with an estimate of how much you can expect to sell your house and property for and allow you to set a price range to stay within while looking for your new home.
You want to ensure that your home is insured for what it is truly worth, and a home evaluation can help you do that. If your home ever suffers damages, such as a fire or flood, a current home evaluation can help ensure that you have the insurance coverage you need to bring your home back to its market value.
Estate and legal
It is important to keep your home evaluation up to date for estate and legal purposes. This makes it easier if you ever come into a situation such as a settlement/divorce, want to transfer your home to a child or loved one, or would like to include your home in your estate.
If you are considering using your home as collateral, such as in a cash, renovation or business loan, or a home equity loan, then a home evaluation is absolutely necessarily. It will help give you an idea of how much money you may be eligible to loan, and whether it is worth using your home as collateral.
If you live in the Durham Region, particularly Bowmanville, Courtice, Oshawa, Newcastle or Orono, and are looking to get a home evaluation please feel free to contact me today. It will be my pleasure to provide you with a complimentary home evaluation and answer any questions you may have.