House review
Are you thinking about selling your house and would like to have it valued beforehand?
The good news is that your trusted real estate agent will take care of the valuation of your house. They know the market and can assess it accordingly. This results in a rough market estimate of the value of your property. Criteria that influence the value of your property are:
- Neighborhood and micro-location
- Year of construction and condition
- Floor plans and brightness
If the price per square meter in a neighborhood is 2,500 euros, for example, this may still mean that your own house is only worth 1,200 euros or 3,500 euros per square meter. The fact that the deviations can be so significant is due to the large number of criteria that must be taken into account when appraising a house. Depending on their characteristics, they justify surcharges or discounts on the average price.
Experience is crucial when valuing a house
There is a lot of empirical data available for valuation purposes, as a large number of properties are sold in a city every year. This makes it possible to make statistical statements about house prices based on the year of construction.
Nevertheless, valuing houses is complicated because the totality of all factors determines the value, i.e., the price that can be achieved on the market.
