How You Can Effortlessly Increase the Value of Your Property

Understanding Your Assessed Value To establish your property’s assessed value, MPAC analyzes sales of comparable properties in your area. This method, called Current Value Assessment (CVA), is used by most assessment jurisdictions in North America. In addition, we look at all of the key features that affect market value. When assessing residential properties 200 different factors are considered.

Five major factors account for approximately 85% of the value:

-location;

-lot dimensions;

-living area;

-age of the property,

-adjusted for any major renovations or additions;

-quality of construction

Other features that may affect value include: number of bathrooms, fireplaces, garages, pools, whether properties have water frontage, and so on.

Look at keeping up with the Jones, what do other properties in your area have that yours is missing? Curb appeal?

Is your property accessible? Improve accessibility of your property to increase the number of potential purchasers to your property. Accessibility equals value to families.