{"id":212797,"date":"2023-11-14T02:47:06","date_gmt":"2023-11-14T02:47:06","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/"},"modified":"2023-11-14T02:47:06","modified_gmt":"2023-11-14T02:47:06","slug":"how-do-you-check-the-value-of-your-house","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/","title":{"rendered":"How do you check the value of your house?"},"content":{"rendered":"<p><title>How to Check the Value of Your House: A Comprehensive Guide<\/title><\/p>\n<p>As a homeowner, knowing the value of your house is crucial. Whether you are considering selling or refinancing your property, or simply want to have a better understanding of your net worth, determining the value of your house is a vital step. So, how do you check the value of your house? Let&#8217;s explore some effective methods that can help you assess the worth of your property.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#The_Process_of_Determining_Your_Homes_Value\" title=\"The Process of Determining Your Home&#8217;s Value\">The Process of Determining Your Home&#8217;s Value<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#1_Online_Valuation_Tools\" title=\"1. Online Valuation Tools:\">1. Online Valuation Tools:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#2_Hire_a_Real_Estate_Agent\" title=\"2. Hire a Real Estate Agent:\">2. Hire a Real Estate Agent:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#3_Comparative_Market_Analysis_CMA\" title=\"3. Comparative Market Analysis (CMA):\">3. Comparative Market Analysis (CMA):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#4_Consult_an_Appraiser\" title=\"4. Consult an Appraiser:\">4. Consult an Appraiser:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#5_Attend_Open_Houses\" title=\"5. Attend Open Houses:\">5. Attend Open Houses:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#6_Analyze_Recent_Sales\" title=\"6. Analyze Recent Sales:\">6. Analyze Recent Sales:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#7_Consult_a_Tax_Assessment\" title=\"7. Consult a Tax Assessment:\">7. Consult a Tax Assessment:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#8_Consider_the_Replacement_Cost\" title=\"8. Consider the Replacement Cost:\">8. Consider the Replacement Cost:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#9_Track_Market_Trends\" title=\"9. Track Market Trends:\">9. Track Market Trends:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#10_Calculate_the_Income_Approach\" title=\"10. Calculate the Income Approach:\">10. Calculate the Income Approach:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#11_Use_a_Home_Value_Estimator\" title=\"11. Use a Home Value Estimator:\">11. Use a Home Value Estimator:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#12_Consider_Recent_Renovations\" title=\"12. Consider Recent Renovations:\">12. Consider Recent Renovations:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#1_Can_I_check_the_value_of_my_house_for_free\" title=\"1. Can I check the value of my house for free?\">1. Can I check the value of my house for free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#2_How_often_should_I_check_the_value_of_my_house\" title=\"2. How often should I check the value of my house?\">2. How often should I check the value of my house?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#3_Can_I_trust_online_valuation_tools\" title=\"3. Can I trust online valuation tools?\">3. Can I trust online valuation tools?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#4_How_accurate_are_home_value_estimators\" title=\"4. How accurate are home value estimators?\">4. How accurate are home value estimators?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#5_How_do_renovations_affect_the_value_of_my_house\" title=\"5. How do renovations affect the value of my house?\">5. How do renovations affect the value of my house?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#6_What_are_the_advantages_of_hiring_a_professional_appraiser\" title=\"6. What are the advantages of hiring a professional appraiser?\">6. What are the advantages of hiring a professional appraiser?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#7_Is_the_tax_assessment_value_the_same_as_market_value\" title=\"7. Is the tax assessment value the same as market value?\">7. Is the tax assessment value the same as market value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#8_Can_the_value_of_my_house_change_over_time\" title=\"8. Can the value of my house change over time?\">8. Can the value of my house change over time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#9_Should_I_solely_rely_on_recent_sales_when_determining_my_homes_worth\" title=\"9. Should I solely rely on recent sales when determining my home&#8217;s worth?\">9. Should I solely rely on recent sales when determining my home&#8217;s worth?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#10_What_is_the_best_time_of_year_to_check_my_homes_value\" title=\"10. What is the best time of year to check my home&#8217;s value?\">10. What is the best time of year to check my home&#8217;s value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#11_Is_the_size_of_my_house_the_only_factor_that_affects_its_value\" title=\"11. Is the size of my house the only factor that affects its value?\">11. Is the size of my house the only factor that affects its value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#12_Can_I_determine_my_homes_value_without_professional_assistance\" title=\"12. Can I determine my home&#8217;s value without professional assistance?\">12. Can I determine my home&#8217;s value without professional assistance?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Process_of_Determining_Your_Homes_Value\"><\/span>The Process of Determining Your Home&#8217;s Value<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The value of a house is determined by taking into account various factors including location, size, general condition, local real estate market, recent sales of comparable properties, and more. While a professional appraisal is often the most accurate way to determine a house&#8217;s value, there are other methods you can utilize to get a general idea. Let&#8217;s take a closer look at some of these approaches:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Online_Valuation_Tools\"><\/span><b>1. Online Valuation Tools:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nOnline valuation tools, such as Zillow&#8217;s Zestimate or Redfin&#8217;s Estimate, can provide you with a quick estimate of your home&#8217;s value based on mathematical models that analyze public data about your property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Hire_a_Real_Estate_Agent\"><\/span><b>2. Hire a Real Estate Agent:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nReal estate agents have access to real-time market data and extensive knowledge of the local area. Consulting with an experienced agent can give you a professional opinion on the value of your house.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Comparative_Market_Analysis_CMA\"><\/span><b>3. Comparative Market Analysis (CMA):<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA CMA involves analyzing similar properties (comparables) recently sold in your area. By examining their selling prices, you can get a sense of how much your house may be worth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Consult_an_Appraiser\"><\/span><b>4. Consult an Appraiser:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nHiring a professional appraiser can provide you with the most accurate assessment of your home&#8217;s value. Appraisers take into consideration various factors to determine the value based on current market conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Attend_Open_Houses\"><\/span><b>5. Attend Open Houses:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nVisiting open houses in your local area can help you gain insights into the market. Observing similar properties and their listed prices can give you a rough estimate of your home&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Analyze_Recent_Sales\"><\/span><b>6. Analyze Recent Sales:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nResearching recent sales transactions of homes comparable to yours in terms of location, size, and condition can provide a reliable estimate of your property&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Consult_a_Tax_Assessment\"><\/span><b>7. Consult a Tax Assessment:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAssessments by local tax authorities are often based on property values in your area. While they may not be 100% accurate, they can provide you with a starting point to determine your home&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Consider_the_Replacement_Cost\"><\/span><b>8. Consider the Replacement Cost:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAssessing the cost of rebuilding your house from scratch, taking into account factors like materials, labor, and land value, can give you an idea of its value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Track_Market_Trends\"><\/span><b>9. Track Market Trends:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nKeep an eye on the housing market in your area. If prices are on the rise, it could positively impact your home&#8217;s value, while a downward trend might indicate a potential decrease in value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Calculate_the_Income_Approach\"><\/span><b>10. Calculate the Income Approach:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf your property generates rental income, you can use the income approach to evaluate its value. By comparing the income generated to similar rental properties, you can estimate your house&#8217;s worth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Use_a_Home_Value_Estimator\"><\/span><b>11. Use a Home Value Estimator:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSome financial institutions and real estate websites offer home value estimators that combine data from multiple sources to provide an estimate of your property&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Consider_Recent_Renovations\"><\/span><b>12. Consider Recent Renovations:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you have made significant renovations to your home, they may have increased its value. Take these renovations into account when assessing your house&#8217;s worth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Can_I_check_the_value_of_my_house_for_free\"><\/span>1. Can I check the value of my house for free?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can use online valuation tools, consult real estate agents, or analyze recent sales to get a free estimate of your home&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_often_should_I_check_the_value_of_my_house\"><\/span>2. How often should I check the value of my house?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nChecking the value of your house annually, or when major changes occur in your neighborhood, is recommended.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Can_I_trust_online_valuation_tools\"><\/span>3. Can I trust online valuation tools?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nOnline valuation tools provide estimations based on available data, but they should not be considered as the sole source of determining your home&#8217;s value. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_How_accurate_are_home_value_estimators\"><\/span>4. How accurate are home value estimators?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nHome value estimators can give you a general idea of your house&#8217;s value, but they may not be as accurate as professional appraisals or real estate agent consultations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_How_do_renovations_affect_the_value_of_my_house\"><\/span>5. How do renovations affect the value of my house?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSignificant renovations, such as adding a new bathroom or updating the kitchen, can increase the value of your house.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_are_the_advantages_of_hiring_a_professional_appraiser\"><\/span>6. What are the advantages of hiring a professional appraiser?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nProfessional appraisers provide unbiased and accurate assessments of your home&#8217;s value. They take various factors into account to determine an objective valuation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Is_the_tax_assessment_value_the_same_as_market_value\"><\/span>7. Is the tax assessment value the same as market value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTax assessment values are often different from market values. Tax assessments are used for determining property taxes, while market value determines the fair price in a real estate transaction.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_the_value_of_my_house_change_over_time\"><\/span>8. Can the value of my house change over time?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, the value of your house can change over time due to market fluctuations, changes in the neighborhood, or renovations made to your property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Should_I_solely_rely_on_recent_sales_when_determining_my_homes_worth\"><\/span>9. Should I solely rely on recent sales when determining my home&#8217;s worth?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile recent sales are a valuable indicator, considering multiple methods for evaluation will provide a more comprehensive picture of your home&#8217;s value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_What_is_the_best_time_of_year_to_check_my_homes_value\"><\/span>10. What is the best time of year to check my home&#8217;s value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe best time to check your home&#8217;s value is typically in the spring, as the real estate market tends to be more active during this season.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Is_the_size_of_my_house_the_only_factor_that_affects_its_value\"><\/span>11. Is the size of my house the only factor that affects its value?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, various factors like location, condition, amenities, local market demand, and recent sales of similar properties all impact the value of your house.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Can_I_determine_my_homes_value_without_professional_assistance\"><\/span>12. Can I determine my home&#8217;s value without professional assistance?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile involving professionals like real estate agents or appraisers is recommended for the most accurate valuation, you can still get a decent estimate using online tools and conducting research on your own.<\/p>\n<p>Determining the value of your house is essential for financial planning and decision-making. By using various tools and methods, you can gain a better understanding of your home&#8217;s worth, helping you make informed choices regarding your property.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to Check the Value of Your House: A Comprehensive Guide As a homeowner, knowing the value of your house is crucial. Whether you are considering selling or refinancing your property, or simply want to have a better understanding of your net worth, determining the value of your house is a vital step. So, how &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How do you check the value of your house?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-do-you-check-the-value-of-your-house\/#more-212797\">Read more<span class=\"screen-reader-text\">How do you check the value of your house?<\/span><\/a><\/p>\n","protected":false},"author":54,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-212797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How do you check the value of your house?<\/title>\n<meta name=\"description\" content=\"How to Check the Value of Your House: A Comprehensive Guide As a homeowner, knowing the value of your house is crucial. 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