Property valuation
Are you planning to sell your undeveloped land or your property with a house? Or would you like to convert your fallow land into building land? – Then you have probably already considered some of the following questions on this topic:
- How can I sell my property quickly and easily?
- What costs will I incur?
- How can I achieve the highest price?
- How do I do it right?
Land prices in Germany vary widely: from a few euros per square meter in rural areas to over 5,000 euros per square meter in sought-after urban locations. But how can the value of a property be predicted as accurately as possible before it is sold? What role do the location and buildability of the property play?
Standard land values are used as a reference point for property valuation. However, whether a location is in demand or not cannot be determined on the basis of a single value alone. The market value of a property, i.e. the price that can actually be achieved on the market, is not automatically equivalent to the standard land value.
In practice, the market value of the property can be anywhere from 10% to 20% above or below the standard land value. Macro and micro locations must be taken into account here. Every property is unique and potentially has its own value. When assessing the location, factors such as the district and/or orientation, as well as, for example, a hillside location or soil contamination, must therefore often be taken into account.
The developability of the property determines its value
Developability is important for the value of a property. A property with a planned development can often fetch a higher price and be sold more quickly. A property that cannot be developed is worth almost nothing. Only when it is designated as land for future development does its value increase, even if development has not yet taken place. If no development plan has been specified by the authorities, we can apply for a legally binding preliminary decision on your behalf. You will not incur any costs for this if you agree to market the property through us at a later date.
If there is already a development plan that allows for extensive development, it is possible to plan and determine the purchase value. The development plan specifies the permissible floor area ratio (FAR), the plot ratio (PR), and the maximum number of full stories to be built and their construction method.
Of course, we can also offer your property without a preliminary decision.
Therefore, let us advise you competently and reliably in advance in a personal consultation.
