Think about it, your house to sell and would previously be assessed?
When determining the value of a condominium, the price per square meter of living space plays an important role. This particularly applies to vacant homes where buyers assess the value for money on a regular basis based on prices per square meter. This can vary greatly depending on location and city. The deviations may fall considerably significant since many factors into account that may justify, depending on the severity increases or reductions in the average price.
Value of a rented apartment – value of free housing
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%.
It should also be taken into account in a review, that an owner (private property) may also hold shares in the entire building and the facilities on the apartment beyond (community property). The relevant factors (eg maintenance reserve and modernization, litigation in the community, etc.) affect the value of an apartment.
Again, the experience counts!
There are lots of experience, but it is the combination of experience and statistical statements, comparison and other factors that determines the recoverable at market price.