Apartment review

Are you thinking about selling your apartment and would like to have it valued beforehand?

When determining the value of a condominium, the price per square meter of living space plays an important role. This is especially true for vacant apartments, where buyers regularly assess the value of the property based on square meter prices. These can vary greatly depending on the location and city. The differences can be significant, as there are many criteria to consider that may justify increases or decreases in the average price depending on their characteristics.

Value of a rented apartment – value of an unfurnished apartment

The value of an apartment house or a rented apartment is determined primarily by the amount of the rental income. Rented apartments are worth less than vacant homes usually because the owner can not dispose freely of the apartment when a permanent lease was signed. In good areas of the price reduction is up to 30%.

In addition, when valuing a property, it must be taken into account that owners may also hold shares in the entire building or its facilities (common property) in addition to the apartment (separate property). Factors related to this (e.g., maintenance reserves and modernization requirements, legal disputes within the community, etc.) influence the value of an apartment.

Experience counts here too!

There are many empirical values, but it is the combination of experience and statistical statements, comparisons, and other factors that determines the price that can be achieved on the market.