Following are factors to calculate market value of any home,

1. Location
Location is one of the most important factors that have significant impact on the market value of any home. The proximity of any home to amenities, such as schools, public transportation, parks and stores affect its market value. Also, the quality of neighborhood planning, and future plans for development and zoning helps determining the value of any home and predicted future increase in value.

2. Home Age and Features
The age of the home and features like size, layout, style, and quality of construction greatly affect the home’s market value. The size, shape and landscaping of the yard also impacts on the eventual value.

3. Condition of the Home
Condition of the home has significant impact on eventual value of any home in the market. In condition of the home the first thing that is very important, is its first appearance. For any home to have good price tag, its first appearance should be impressive. In condition of the home, other factors that count are the general condition of any home’s main systems, such as the furnace, central air, electrical system, etc., as well as the appearance and condition of the fixtures, the floor plan of the house.

4. Market and Economy Condition
Market conditions and economy are also huge factors to consider, while setting a price tag for any home. The factors like the number of homes currently on the market, the number of people looking to buy property, current mortgage rates, and the condition of the national and local economy have huge impact on the market value of any home.

5. Comparable Properties in the same Area
Doing a general market analysis of the neighborhood of the home, helps a great deal in determining the estimated and realistic market value of any home. A market analysis provides a current market overview and give a glimpse at what other similar properties have been selling for in the area.