Lake Conroe Appraisals Blog

Realtors often price homes using the square foot method, calculating the price based on the home’s square footage. While this method seems straightforward, it overlooks many critical factors that impact a property's value. At Lake Conroe Appraisals , we employ a more comprehensive approach using appraisal grids, which provide a more accurate and reliable valuation. The Square Foot Method: An Oversimplified Approach The square foot method involves multiplying the total square footage of a home by an average price per square foot for similar homes in the area. This approach fails to consider several important variables, such as: Property Condition : Two homes of the same size can vary significantly in value based on their condition, age, and quality of construction. Location Differences : The neighborhood, proximity to amenities, and school districts can drastically influence property values, which the square foot method doesn’t account for. Unique Features : Custom features, renovat