The appraisal of a house is the primary step in selling a property with full guarantees and confidence that it is being offered at a fair price.
Failing to carry out an appraisal or not considering various factors to assign the appropriate value can result in not achieving a sale at the ideal time.
The comparative appraisal is the ideal formula for calculating the value of your home. It is suggested that you compare it with several nearby properties with similar characteristics.
Location
Location within the same town or city is crucial, as there are price differences from one building to another, and even within the same building, depending on the block or staircase.
Property Condition
The state of maintenance of a house plays a significant role in its market value. It is not the same to have two identical houses in terms of construction and space, but one is new and the other has little maintenance or no refurbishment. The price difference in this case is vast. Here, the year of construction and the last renovation play a decisive role.
Orientation is also key, as well as height if we are talking about a flat.
Regarding the property itself, the main appraisal relates to the materials used in construction, the dimensions, and the distribution of spaces.
Cadastral Value
The reference of the cadastral value is a crucial piece of information. The cadastre assigns a value to a property, taking into account factors such as construction and the land on which it is located, among others.
Real Estate Experts Are a Guarantee
Finally, if you still have doubts, consulting with experts is the best solution. They will help you calculate the actual value based on all the factors mentioned and according to their experience and knowledge of the area.
A successful sale will depend on all these factors, so be sure to follow them to achieve success in the transaction.
We offer a free appraisal of your property. Contact us if you need more information.