Other online tools estimate HDB flat values by averaging recent resale transactions, but they don’t consider factors like renovations and other important aspects that affect a property’s true worth. H-Value, however, factors in actual ground experience from agents, age and cost of the renovation, and other important details that a typical automated valuation service can’t determine.
Knowing the estimated value of your own HDB flat helps you price your home for sale, as a precursor to an official HDB valuation. Understanding your HDB’s value allows you to estimate the proceeds of a future home sale, so you can get a better estimate your budget for your next home. And, if you’re shopping, it’s also useful to check the value of homes in the area to ensure your offer is competitive.
A H-Value™ is Herohomes estimated market value for a home, computed using a proprietary formula including public and user-submitted data, such as details about a home (bedrooms, bathrooms, home age, etc.), location, property tax assessment information and sales histories of the subject home as well as other homes that have recently sold in the area. By providing complete details of your property it can help make your H-Value™ more accurate. A H-Value™ is not an official appraisal, but is a starting point to estimate your home value.
The H-Value accuracy depends on location and the availability of data in an area. Check your home value estimate for free by entering your home address.
Begin with your H-Value™, a useful starting point to help you determine an independent and unbiased assessment of what your home might be worth in today’s market. Try comparing your home to recently sold properties in the area to better understand its current value or estimate a possible sale price for your home. Your real estate agent will provide a more robust CMA for you after evaluating the home and taking into account any special features, its location and local market conditions.
Home values increase when buyer demand increases. Making home improvements can also increase the value of your house. Updating your home’s interior often increase the true value of your home, which is what buyers are willing to pay for the property. Depending on the extent of the change, addition or renovation.