Looking to find out how much your house is worth? Find out how to value your home if you’re looking to sell or insure it.
You’ll need to know the value of your home if you’re thinking about selling it or getting house insurance.
If you bought your house recently, the market value will be the sale price.
But market value can change over time, so if you’ve owned your home for a while, the value has probably changed.
Property prices in April 2021 were 9% higher than the same month last year, according to the UK House Price Index - so it might be worth getting an up-to-date valuation.
If you’ve lived in your home for a while, its value has probably changed.
Some things that affect market value are:
Ask several estate agents for a valuation and choose a value in the middle of those given
If you want to increase your home’s long-term value, you could add an extension.
Basement renovations and loft conversions are handy for increasing space and can add a lot of value, especially in sought-after cities like London.
Even updating your kitchen or bathroom, renovating the outside space and improving the energy efficiency of your home can add value.
Although they don't really affect the value enormously, there are some things you can do to help your house sell more quickly and easily, which could indirectly increase its value:
When you get home insurance quotes you’ll need to know the rebuild cost - and that isn’t the same as the market value.
The rebuild cost and market value are different because the rebuild amount doesn’t include the cost of the land your home is built on and doesn’t take into account things like the area you live in.
This means that the rebuilding cost is usually lower than the market value - but not always.
If the rebuild cost is higher than the market value it’s usually because it would be extremely expensive to rebuild, for example a listed building with period architectural features.
The rebuild cost only take into account your property age, its size, type, location, the land stability and the labour and materials needed if your home was to be built from scratch.
 Based on independent research by Consumer Intelligence during 01 May to 31 May: 51% of consumers could achieve a saving of up to £107.99 with Gocompare.com buildings and contents insurance based on a comparison of 36 companies.