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The National Association of Home Builders (NAHB) has recently come out with a tool that is supposed to estimate the value of your home. There are starting to be quite a few of these tools, none of which I've found to be all that accurate so far. But this is clearly a technology in its infancy and I believe, given enough time, they will get more accurate. Although it's hard to see how they'll ever account for things like the functional obsolescence of an avocado green bathroom! And, if you build in a questionnaire about the overall condition of their home, everyone's instinct is to rate their home a little higher than the average unbiased observer would!
But I'm straying from my subject. While the NAHB estimator is not necessarily a good place to find out what your home is worth, it has value in helping determine what adds and detracts from the value of your home. It asks questions like is there an abandoned building within half a block of your home and whether there's bothersome trash nearby. It's good to get a feel for how these can potentially impact the price of your home.
Now the only problem is you've got to go talk to your neighbor about that trash!
Just a note that I had to modify the macro security settings in Excel to get this to work. Medium or low will work, it just won't function on high.
The site, if you'd like to check it out for yourself is http://www.nahb.org/estimator
Have fun!
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