Property valuation you can trust

We are increasingly being asked for property valuations. Customers often want to know the approximate estimated value at the first viewing. But it's not that simple. A number of factors are relevant for a property valuation to be seriously meaningful. First of all, we obtain an extract from the land register, which shows the details of the property, the ownership structure (is the person commissioning the valuation really the owner or is there more than one person) and the current encumbrances (including outstanding loans, subsidies, servitudes, residential rights). All these factors are included in a property valuation and are important.

A right of residence (which is not relinquished), for example, can reduce the value of a property enormously. The age of the person exercising the right of residence is also relevant here.

Furthermore, an inspection of the property is essential for an accurate valuation, especially as customers unfortunately often provide inaccurate or unknowingly false information about their property. During a visit, we look at whether the pipes are above or below the plaster, what type of insulated windows, is there damp in the property, in the case of flats, which floor, what fittings, what condition, etc. The whole thing is photographed so that the details can be viewed again during the valuation.

Variants of property valuation

Then comes the property valuation itself. There are different variants:

• Tangible assets,
• capitalised earnings value and
• Comparative value method.

The asset value method is usually used for owner-occupied properties such as houses, flats and land.

And even with this procedure, there are again 3 methods for age devaluation:

1. "Vogels" - a total useful life of 80% is assumed here,
2. In the "Ross" variant, it is assumed that the property is subject to increased wear and tear with increasing age and that the residual value at the end of the total useful life is 0 %. It is therefore relevant which, whether and how many years ago renovation work was carried out.
3. The third variant is the "linear" variant, which assumes that the property loses value evenly over its lifetime.

The income capitalisation approach is mainly used for rented properties, such as flats, houses, apartment blocks, commercial premises and offices.

Finally, there is the comparative value method, in which the value of the property is determined on the basis of actual purchase prices of similar properties (such as location, condition, size).

Rely on realistic values for your property valuation

I determine the actual data myself and then apply a comparative value method to get the most realistic value.

Comparing property prices on an ongoing and up-to-date basis is therefore very important, especially at the present time, because there has been an extremely sharp rise in sales prices due to Corona, which are now stagnating again and may even move downwards, as interest rates on loans are constantly being increased and interested parties are no longer willing to pay the advertised prices.