Insightful Home Value Tracker
Stay informed about your most significant asset. Our Home Value Tracker provides estimated valuations and insights to help you understand your home's worth over time.
Understand Your Home's Financial Standing
MyHomePlatform’s Home Value Tracker helps you keep a pulse on your home’s estimated market value and track your equity. Initially, you can input your purchase price and manually update significant changes. A key future enhancement is direct integration with leading real estate Automated Valuation Models (AVMs) to provide you with up-to-date estimates and historical trends, allowing you to see how your investment is performing with less manual effort.
Understanding your home's value and equity is key for financial planning, making informed decisions about refinancing or home equity loans, and preparing for a potential sale. This information, combined with the comprehensive data in your Digital Home Record (such as logged renovations, maintenance history, and improvements), offers a holistic and powerful view of your home's financial standing and market position.
Key Benefits & Features
Estimated Market Value (AVM Future)
Initially track value based on your inputs. Future: Access regular updates on your home’s estimated market value via Automated Valuation Model (AVM) integrations.
Value Trends & History (Charts)
Visualize how your home's estimated value has changed over time with easy-to-understand charts. (Future: Compare with local market trends via AVM data).
Log & Track Impact of Improvements
Manually log significant home improvements from your Inventory or Maintenance records and note their cost to understand their potential contribution to your home's overall value. (Future: AVMs may factor in certain types of improvements).
Neighborhood Sales Data (Future)
(Future AVM Integration) Gain insights into comparable sales (comps), average days on market, and sale-to-list price ratios in your area to better understand your home's market position.
Net Equity Calculation
Manually input and update your current mortgage balance(s) to calculate and track your estimated home equity over time.
Refinance Scenarios (Future)
(Future Enhancement) Explore potential refinancing options by comparing current estimated value and equity against different interest rates and loan terms.
Insurance Coverage Check (Future)
(Future Enhancement) Compare your home's estimated replacement cost or market value against your current homeowners insurance coverage to identify potential gaps.
Property Tax Insights (Future)
(Future Enhancement) Track your property tax assessments over time and access general information or links that may help in understanding or appealing assessments.
Financial Clarity in Your DHR
The Home Value Tracker adds a critical financial dimension to your Digital Home Record. By tracking your home's value alongside the detailed history of improvements, maintenance, and documentation stored in your DHR, you build a powerful narrative that can maximize its appeal and justification for its worth during a sale, and empower you with knowledge for other financial decisions.
Track Your Equity, Empower Your Decisions
Know Your Home's Worth
Start tracking your home's value today and gain valuable insights into one of your largest investments.