What Is A Home Valuation?

home valuation

Maybe it’s just time to move on, you’re itching for a change of scene. You’re looking at homes across the country, and wondering what kind of home you’ll be able to afford. It just might be time to consider scheduling a home valuation. Home Valuations are an incredibly important, and yet underutilized tool offered for free by many businesses. In short, home valuations are an estimate of the properties’ value. This value is used by many industries, and is not exclusive to real estate, but it can be a great way to get a ballpark idea of what you can expect to receive for your home, and where you should start setting your price.

When Are Home Valuations Used?

Home valuations are frequently used when looking to sell homes, but are also often used when financing homes, businesses, or anything else. Calculating insurance, Taxes, and much more!

What Factors Make Up A Home’s Value?

A Home’s value takes a lot more into consideration than simply the historical prices of a home. In general, the value is based upon 4 determining factors. These factors include:

  • Demand
  • Scarcity
  • Utility
  • And the ease of Transference

Each of these factors play a major role in determining the value of a home.


The most obvious determiner of value is the demand for a home. The higher the desire for homes of your size, and style, or in your region, the higher the value of your home. But on the other end of the spectrum, the lower the desire for homes of your size and style in your region, the lower the value of your home. For example, Ontario Canada as a whole is a very desirable place to live, The demand for homes there is very high and it drives home values through the roof. But the demand for homes is not consistent all across Ontario. The Toronto area while clearly having the greatest supply, has a demand that outstrips the rest of Ontario by a long shot, and home pricing reflects it with an average home price of about $805,000 according to Zoocasa.

Thunder Bay on the other hand is located miles away from Toronto and the job opportunities it brings, subsequently decreasing demand significantly for homes in the area. As a result, the average home price in Thunder Bay plummets down to an average of about $218,000. Everything from economic development, to neighborhood, home style, and size all play a role in the amount of demand there is for a home. Any good home valuation will look at several of these factors in determining current demand for your home.


Scarcity, or availability plays another huge role in determining a homes price. Scarcity in this instance does not specifically refer to the lack of supply, but is a double edged sword when used in home evaluations. The harder it is to find homes, the more they are worth, but the easier it is to find, the less each home is worth.


This factor is a much more fun and interesting factor than the relatively cut and dry scarcity factor. Utility is the property’s ability to meet the needs and wants of it’s future owners. This factor is not completely summed up in the present, but also extends far into the future. For example, A young couple booking for a home would find many 1 and 2 bedroom houses available at better prices than the 3 bedroom variety even when the square footage is relatively comparable. This is mainly due to the 3 bedroom’s future utility. The couple may really only need one bedroom at the time they are looking to purchase a house, but as their family expands, 2 and 3 bedroom houses are able to meet those expanding needs, unlike the 1 bedroom homes. The price of each home is adjusted by its ability to meet both current and future needs. The larger a home’s utility, the higher it’s value.

Ease Of Transference

Despite the scary name, this factor is another simple one. The value of a home increases or decreases depending on the ease with which it can have it’s deed transferred, or, the ease with which it can be sold. The more complicated, and the harder it is to get sole ownership rights, the less the home is worth.

Closing Remarks

Finally, it’s important to remember that while the terms are often used interchangeably, the value and the price of the home are not equal. In a perfect world, they are the same, but in reality, sometimes the purchase price can be more than the value of the home, and though possible, it is less than the value of a home much less often. An example of this is if you were to purchase a home for $200,000 in a good neighborhood, great yard, and decent space inside. You’d be pretty excited about it! But all of a sudden you pull down some of the sheetrock in an attempt to do a slight remodel, only to discover the house is infested with termites! All of a sudden what seemed like a decent purchase price has proven to far exceed the value of the home. 

Vehicle Wraps For Business Marketing & Aesthetics

You’ve seen them all over town either for business advertisements or simply to make a vehicle look cool, but have you ever considered getting one yourself?

If you’re a business owner, it’s a wise move.

If you’re someone who appreciates the graphics and are looking for something to make your vehicle look that much cooler, it’s also a fun prospect.

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Where Can I Get Banners Printed In Stockton?

large format banners printer

While running into banners is a daily occurrence for many of us, knowing where to go to when you need a custom banner made can be much more of a challenge in Stockton. In order to print a custom banner a special large format printer is needed, and not many places keep those in stock. Below is a list of several of the places around Stockton where you can have custom vinyl banners printed.

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3 of The Best Ways To Replace Missing Teeth

dental implant

As children, nothing was quite as exciting as losing a tooth and waiting to see how much money the tooth fairy left you under your pillow, not to mention the few days where you were the center of attention in class! However, losing adult teeth as a teenager or adult is not as fun, and we’re sorry to report that for some reason, the tooth fairy doesn’t seem to care that much for adult teeth. However, if you are missing a tooth or a few teeth, there is something much better than finding a quarter under your pillow: cosmetic dentistry. 

Cosmetic dentistry in Idaho Falls can help you to restore your smile after you have lost a tooth or several teeth. Depending on the circumstances that caused you to lose your tooth, your budget, and your goals, you can work with your Idaho Falls dentist to find a cosmetic dentistry solution for you. 

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5 Reasons To Hire A DJ

DJ Waving To Crowd

If you’re thinking about throwing a party or hosting an event, you have probably put a lot of thought into the entertainment for your guests. While it might be tempting to build a playlist on Soundcloud and play it through your Bluetooth speaker, you might be setting yourself up for disappointment. After all, isn’t that what a DJ does?

What happens if there is no WiFi at the venue (or it’s incredibly slow)? Do you want to be taking and fulfilling requests? What if somebody needs to make an announcement and there is no microphone? Do you really want to dedicate your smartphone or laptop as the primary provider of entertainment?

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Adjustable Tube Clamps For Your Roll Bar

green dune buggy

When you’re off-roading, you want to make sure that all of your necessities are with you and strapped down securely, this can be hard to manage if you’re just relying on straps to hold down your things in a dune buggy, SxS, or other off-road vehicles. That’s why many outdoor enthusiasts have begun to use the roll bar tubing as a place to mount all of their essential equipment. 

Adjustable tubing clamps, like these Roll Bar Accessory Mount clamps from TKO Clamps, are designed to hold all of your stuff in place even when everything else seems to get jostled around. Let’s take a look at what type of accessories can be mounted to roll bar tubing with these adjustable clamps, as well as how to use your tube clamps once you get them.

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