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How to valuate property, methods to define home values

You will find here the elements necessary to help you correctly estimate the value of your property.
You must specify the market value of your property, in other words, the price in which your property can reasonably be sold in the real estate market in the case of an amicable sale.

How to estimate the value of one’s property?

It is recommended to establish a comparative analysis (comparison method):

It is essential to have an idea of prices by comparing similar properties sold in the same geographical area (comparing one house with another house, an apartment with another apartment). The location of the property plays a determinant role because the price varies from one neighbourhood to another as well as from one street to another in the same neighbourhood.

Your analysis should be weighted by the following elements:

Surface: large surfaces are a luxury. The volume of the area with the height from floor to ceiling is equally important.

Orientation of the property: rooms bright with sunlight play a determinant role.

Quality of the construction: recent constructions made of quality materials in terms of thermal and acoustic insulation will be higher in value than older ones. The age and the condition of the building must be taken into consideration.

Grouped homes: grouped houses as private residences created by construction developers. The volume of the surface as well as the size of the garden influence the price of this type of property.

Single homes: price will depend on the quality of the house (quality of construction, surface and number of rooms), its orientation and the size of the garden.

The floor of the property: a ground floor property will be valued less than a first floor property unless it has a private courtyard. However, a property on the last floor will be valued more because of its benefits: the view, calmness and perhaps a terrace impact the cost.

There are other methods to determine the value of your property.

- Cost of replacement method: consists of recalculating the value of the property if it were to be reconstructed identically on the day that the valuation is made.
- Plot and construction method: consists of valuating separately the two components of the property: the plot on one hand and the building on the other.

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