--- title: Do You Know Your Home's Value? description: Discover why it's crucial to check your home value today! With rising home prices and a seller's market driven by low inventory, now is the perfect time to update your property value. Learn how checking your home’s worth can help you remove private mortgage insurance (PMI), update your listing with renovations, and better understand your equity position for future financial planning. image: https://www.teresabutler.com/hubfs/Home%20Value.jpg --- [![530ad0d3-bef1-4269-990b-128a8fb011f71](https://www.teresabutler.com/hs-fs/hubfs/530ad0d3-bef1-4269-990b-128a8fb011f71.png?width=1957&height=501&name=530ad0d3-bef1-4269-990b-128a8fb011f71.png "530ad0d3-bef1-4269-990b-128a8fb011f71")](http://Worthington%20Realty,%20LLC) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. - [Home](https://www.teresabutler.com/en-us/central-ohio-real-estate-news-1) - [Selling](https://www.teresabutler.com/en-us/selling) - [Staging](https://www.teresabutler.com/staging) - [What's my home worth?](https://www.teresabutler.com/epropertywatch) - [Buying](https://www.teresabutler.com/en-us/buying) - [Mortgage](https://www.teresabutler.com/mortgage) - [Building](https://www.teresabutler.com/building) - [Blog](https://www.teresabutler.com/central-ohio-real-estate-news) - [Contact](https://www.teresabutler.com/contact) - [About](https://www.teresabutler.com/about) - [About Worthington Realty](https://www.teresabutler.com/en-us/about-worthington-realty) - [Resource Library](https://www.teresabutler.com/welcome-home-resource-library) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. # Central Ohio Real Estate News # Do You Know Your Home's Value? by [Teresa Butler](https://www.teresabutler.com/central-ohio-real-estate-news/author/teresa-butler) | Oct 18, 2024 ![Home Value](https://www.teresabutler.com/hs-fs/hubfs/Home%20Value.jpg?width=1545&height=1030&name=Home%20Value.jpg) Our market has seen a steady appreciation of home values in the last 2 years. This year has been interesting to watch because of the extreme lack of inventory, resulting in a seller's market. We want to make sure you are armed with the best and most accurate information when it comes to your home value, so we have compiled a list of our top 3 reasons why you should check it now. 1\. See if you can ditch that private mortgage insurance The first thing that comes to mind: Is that it is time to knock off PMI from your monthly mortgage payments. In many cases, your lender required you to purchase private mortgage insurance (PMI) if you put less than 20% down on your house. PMI typically amounts to between 0.5%-1% of the purchase price. For a $200,000 mortgage, your PMI could be $1,000 to $2,000 per year. 2\. Update your home’s value on online listing sites to reflect renovations and improvements Even if you’re in the earliest stages of putting your house on the market, you’ll want to start owning your home’s history and value online. Claiming your property on sites like Zillow, Redfin, and Realtor, and updating your home’s online value, can change the perception of the property to better align with its current value. 3\. Find out how much equity you’ve built up Understanding equity, or the current market value of your home minus your outstanding mortgage balance, puts you in a better place to understand your finances overall. You may be beginning to think about a move and knowing the value of your property could lead to an accelerated sale timeline, as long as you factor in the difference between home equity and your home sale proceeds. [*Find out what your home is worth!*](https://www.teresabutler.com/epropertywatch) - - - - Topics:   [Home Selling](https://www.teresabutler.com/central-ohio-real-estate-news/tag/home-selling) ,   [Home Value](https://www.teresabutler.com/central-ohio-real-estate-news/tag/home-value) ,   [real estate](https://www.teresabutler.com/central-ohio-real-estate-news/tag/real-estate) ,   [pricing strategy](https://www.teresabutler.com/central-ohio-real-estate-news/tag/pricing-strategy) [\< Previous Post](https://www.teresabutler.com/central-ohio-real-estate-news/3-benefits-to-hiring-a-real-estate-agent) [Next Post \>](https://www.teresabutler.com/central-ohio-real-estate-news/unlocking-homeownership-how-va-loans-empower-veterans-with-no-down-payment-options) Recent posts [Central Ohio Market Brief](https://www.teresabutler.com/central-ohio-real-estate-news/central-ohio-market-brief-1777655995120) [Central Ohio Market Brief](https://www.teresabutler.com/central-ohio-real-estate-news/central-ohio-market-brief-1776460508490) [Central Ohio Market Brief](https://www.teresabutler.com/central-ohio-real-estate-news/central-ohio-market-brief-1775838210957) [Central Ohio Market Brief](https://www.teresabutler.com/central-ohio-real-estate-news/central-ohio-market-brief-1774636634287) [Weekly Market Brief: What’s Happening in Real Estate Right Now](https://www.teresabutler.com/central-ohio-real-estate-news/weekly-market-brief-whats-happening-in-real-estate-right-now) [Central Ohio Market Brief](https://www.teresabutler.com/central-ohio-real-estate-news/central-ohio-market-brief-1773418467075) [Central Ohio Market Brief](https://www.teresabutler.com/central-ohio-real-estate-news/central-ohio-market-brief-1772834730451) [Central Ohio Market Brief](https://www.teresabutler.com/central-ohio-real-estate-news/central-ohio-market-brief-1772220330476) [Central Ohio Market Brief](https://www.teresabutler.com/central-ohio-real-estate-news/central-ohio-market-brief-4) [Central Ohio Real Estate Market Brief](https://www.teresabutler.com/central-ohio-real-estate-news/central-ohio-real-estate-market-brief) ![Email Header-4](https://www.teresabutler.com/hubfs/Email%20Header-4.jpg "Email Header-4") ### Mission Statement My mission is to help you improve your life, grow your wealth, and create a home and a lifestyle through owning real estate. I want to build relationships built on honesty, respect, and service to create a business relationship for life. I am committed to helping you reach your real estate goals by leveraging my expertise, market knowledge, and innovative approach to buying and selling real estate. ### Central Ohio Areas Served: Gahanna New Albany Johnstown Pataskala Westerville Worthington Lewis Center Powell Dublin FOLLOW ME [Follow us on Facebook](https://www.facebook.com) [Follow us on LinkedIn](https://www.linkedin.com) [Follow us on X](https://www.twitter.com) [Follow us on Instagram](https://www.instagram.com) *Worthington Realty or Teresa Butler, Agent, does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied.* *Teresa Butler, Worthington Realty, PO Box 111, Worthington, OH 43085* *Send mail to Teresa@TeresaButler.com with questions or comments about this website.* [*Please view our Privacy Policy here*](https://www.teresabutler.com/privacy-policy?hs_preview=UcKyeAJj-100361088946) *Copyright ©2026 Teresa Butler, Realtor License #302737.* *All photos on this website Copyright ©Teresa Butler 2026. 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