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WHICH FACTORS AFFECT A PROPERTY’S VALUE?

LOCATION

Location is one of the most important parts in determining the value of your object. If the property is located in the inner city of an economically well-situated city the value rises.

Comparable real estate located in a more rural or economically less well-situated area on the other hand will be valued lower. In addition to area and neighborhood local factors like infrastructure affect to value positively or negatively.

Over all condition of the property

Other important factors in determining an objects price are structure as well as facilities of the property. When looking at these the roof, windows and frontage are of importance. Investments before selling – e.g. installing a new heating system, modernizing the bathroom and laying a high-quality floor – will improve the value of your object. On the other hand, inadequate insulation, floors in need of renovation or dated sanitary facilities will lower the value.

Even small investments – e.g. whitening the walls, a new coat of paint for the frontage or exchanging old outlets with new ones – can already result in an improved value for your property.

An objects equipment can also affect its appraisal positively. A winter garden, in-floor heating, fireplace or a new fitted kitchen are examples of value improving equipment.

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WHY IS AN APPRAISAL OF MY PROPERTY IMPORTANT?

You want to reach the best possible prices when selling or renting out your property. For this an actual market value appraisal is important: Too low a price might lead to a quick sale but also to the loss of potential profit. On the other hand, too high a price will discourage prospective buyers and it might even lead too vacancy costs. Therefore, an actual market value appraisal is important when selling or renting out your property to reach the best possible result.

Other situations in which an appraisal is recommended:

Inheritance

When inheriting or receiving a property as an endowment an appraisal of said property is recommended as the tax office is going to determine the value of your object in both cases. This value might be higher than the actual market value though. On important factor for this can be the rising real estate prices in past years especially in urban centers towns. Therefore, it is only sensible to ask a realtor for an appraisal.

Divorce

A missing prenuptial agreement during a divorce results in the existing fortune being split into two equal parts. For this, properties naturally also need to be appraised by a neutral realtor.

Mortgage

If you want to take on a mortgage on your property or renew an existing one many banks require a prior evaluation. We gladly evaluate your property so your credit institution can offer you better financing options even after fixing the interest rate to you.

Our recommendations

STEP 1

Get an online appraisal

STEP 2

Discuss the value of your property with our competent employees, gets answers for your questions and determine the optimal sale price

(OPTIONAL) STEP 3

In case of inheritance, endowment, divorce or mortgage use a valuation report expert. Not sure if you need one? Feel free to ask us via phone or mail

WHAT OUR CUSTOMERS SAY ABOUT US?

1A SERVICE

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Super schnell einen Termin für eine Besichtigung bekommen, schnelle Reaktion auf Mails, super freundlich und habe durch die Firma meine Traumwohnung in Leverkusen gefunden. Danke für einen 1A Service!

Käufer

SMOOTH TRANSACTION

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I highly recommend this real estate agency. Kristina has a very good knowledge of the market and all the documents needed for a smooth transaction. She is a very competent real estate agent and she speaks German and English.

Käufer

NUR ZU EMPFEHLEN

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Frau Dyrynda ist sehr engagiert, professionell und dabei sehr verständnisvoll und menschlich im Umgang mit allen Beteiligten. Ihre Sprechzeit kennt keine Einschränkung das WE ist davon nicht ausgenommen. Fachlich arbeitet sie auf hohem Niveau , sie hat das absolute Know-how. Nur zu empfehlen!!!

Verkäufer

Reasons to decide for Estate Connect

Excellent network – access to solvent clientele – locally as well as internationally

Extensive and personalized service

Cooperation possible in following languages: German, English, Russian and Polish

Contact

We gladly present our properties to you and appreciate your contact.