Setting the right price for the property you’re selling is probably one of the trickiest things to do when it comes to New York real estate. An amount that’s too low means losing money, while the sum that’s too high means having your house or apartment on listings for a long time. That’s why having a dependable and skilled real estate company close to you can lift that burden off your shoulders. Realty agents in New York that have years of experience selling homes all around the Big Apple with both local and international buyers (AA Real Estate NYC) are there to offer the needed assistance and make sure the price of your property is ideal for you as well as the buyers. 

Of course, getting the right price for a property means evaluating many aspects that influence that price. If you’re curious to see how NY real estate agents estimate a property’s value, just keep on reading.

1. The Quality of the Neighborhood

As you can imagine, the area your house or apartment for sale is located in can significantly influence the price of the property. Low crime-rate, accessible neighborhoods will be much more valuable than selling a New York City property in a dangerous area that’s too far from Manhattan. 

Another thing that your AA Real Estate experts will do is research the prices of recently sold homes in that area. In that way, they will have a guideline when forming the price of your property. These are the first, very crucial steps in evaluating a house or condo for sale in  NYC boroughs since they can influence its price the most.

2. The Size of Your Property

The bigger the place, the higher the price, obviously. But an interesting thing to notice is the influence that location has, especially in NYC. That’s why a small, studio apartment in Downtown Manhattan can cost much more than a larger, two-bedroom apartment in Astoria. Also, the number of rooms can change the price – large studios will be more affordable than apartments of the same surface area with multiple bedrooms.

3. Potential Remodeling – Is Your Property Flexible for Changes?

An experienced housing agent in New York will be able to see the potential that one property has. AA Real Estate office close to you prides itself on skilled, hard-working agents who have spent years learning about and exploring all NYC boroughs and properties in order to know as much as possible and assist the clients in the best way. 

Having invested so much time in supporting both home buyers and sellers, this team of the nearest real estate experts in New York knows how to see the potential and flexibility that every property has. The more one property can be changed and adjusted, the higher the price for the said property.

4. The Vicinity of Schools and Other Important Buildings

Living near important facilities such as kindergartens, schools, postal offices, banks, etc. is very important to the majority of house/apartment buyers in NYC. For that reason, many of them are willing to pay more to live near those places. If your Manhattan condo or Brookly townhouse for sale has that quality, the value will be higher.

5. The Bathroom(s) and Kitchen

These two areas of the home are always the ones that raise the property’s value. Invest in high-quality material, functional and practically organized space, clean and luxurious decor, and the value of your NYC apartment or house will increase quickly. AA Real Estate firm nearby recommends reading “Sell Your NYC Home with AA Real Estate – Here’s How to Maximize Your Property Value” blog for more ideas on how to upgrade the bathroom and kitchen in your home.

6. Special Features

Your housing agents in the area will take into consideration any special feature that your home may have, in order to increase its value and price. So, if your house has a movie room, high-end lighting, separate laundry room, video surveillance, or any other non-conventional amenities, it can add to its total value. All you need is an excellent agent to know it!

7. The Latest Renovation

When the New York City realtors you’ve hired (hopefully AA Real Estate!) come to see the place you want to sell/rent, you’ll be asked a lot of different questions regarding the objects inside the home. For example, the real estate agent will want to know 

• When was the last time you’ve painted the walls or
• How old is the boiler
• What’s the material of the floors
• If and when were the windows replaced, and similar

These answers will allow the realtor to form a more accurate price for your property.

8. Exterior Matters Too!

The evaluation of your home will start as soon as the realtor sees the exterior. Whether you’re selling a house or an apartment in NYC, the so-called curb appeal will matter. What does that include? Well, for starters, the appearance of the house/building. Then, another characteristic that counts is the existence of the garden and its condition. Finally, the quality of the fence also influences the overall price of the property.

9. Oh, the NYC Commute…

It’s impossible to talk about NYC property prices without mentioning the elephant in the room – the traffic/transportation. The ideal house or apartment in Queens, the Bronx, Manhattan, and Brooklyn will be accessible, which means located near the train, metro, and bus stations. The better the connection to other parts of NYC, the greater the value of that real estate. 

One of the top-rated estate companies in NY – AA Real Estate – is proud of all agents because they know the Big Apple like the palm of the hand and know how to form the best price possible according to all of the described conditions, and more. 

Hopefully, this article has been useful to you. Don’t hesitate to give AA Real Estate NYC a call should you have more questions or other concerns about buying, renting, or selling a property in the New York City area.