What is my property worth of?

Before selling your property, you will ask yourself a question: How much does my property worth? The answer is not so easy as it seems at the first sight.

Before selling your property, you will ask yourself a question: How much does my property worth? The answer is not so easy as it seems at the first sight.

If you consider some of the following coefficients, you could get a clearer picture.

The firs logical step for everybody is to check the Internet and find similar properties to their own then calibrate the price. This is however not the most practical way. The price does not match the reality and the selling process will take several month if not years.

The first important factor is the location of the house. We have to consider the infrastructure and the side effects as well. Good transport is positive but it comes with noise and dust as well. There can be considerable differences within one house just depending on where the windows are facing.

The next step is to take a closer look at the house. The most important is the structure material. The brick is the most preferred. Then modern concrete, panel blocks are at the low end. The difference is huge. When entering the lobby, many things clear up. It is important if the house is maintained, if there is a renovation in the scope. The less appartments are in the house, the easier is to sell one. The side corridors or lack of elevator discourage many buyers.

Before entering the flat, don't forget the floor number. The first and top floor properties are less demanded.

Entering the property what we see first is the condition. At the fully renewd flats we can be sure that the renovation costs won't some back. Many people like to form the property on their own taste. In some cases a totally renewable appartment is more advantageous than a ready-to-move-in flat. The facing of the property is a key factor. The more light comes in, the better it is. The distribution of the flat is better if it has more individual rooms. Balcony, terrace are advantages. Individual heating is more economic than district heating therefore it is a price factor.

Storage area of cellar are very practical but they don't change the price.

There is a lot depending on the buyer as well. Sometimes they are willing to pay a higher price if there is something binds him/her emotionally of economically to the building. If a relative lives there, close to the school, workplace, etc. As in many cases, the first impression is a very strong influence.