Determine maximum purchase price: Important factors

One of the most important steps in the purchase of a property, which is often underestimated, is the determination of the maximum purchase price of the property. In order to avoid unwanted surprises here, it is important to determine this before you start looking for a property. This usually involves sitting down with your bank advisor and going over your finances. You then show a certain amount of equity and the bank then gives you a corresponding loan. The amount of this loan depends on your creditworthiness (for this you have to submit a self-disclosure ), as well as on your equity to be presented. The loan-to-value ratio of the property and the monthly charge are also taken into account.

Equity X + Bank loan Y

These are the factors that matter:

• Credit rating
• Mortgage lending value of the object
• Available equity
• Monthly load

Let’s now go through the individual factors in a little more detail:

Credit rating: assets vs. liabilities

When your credit rating is checked, your assets and liabilities are mentioned and compared. If the balance is positive, i.e. your assets outweigh your expenses and liabilities, your chances of getting a loan are very good. And the higher this credit rating, the lower your equity investment. After all, the bank also wants your money back as soon as possible and wants to be sure to get it.

Assets are matched with liabilities

Mortgage lending value of the property: market value & fair market value

The mortgage lending value of the property is generally lower than the market value. The market value is the selling price of the house or apartment if it were sold at the present time. Therefore, the market value is also called ‘theoretical market value’. The mortgage lending value is on average 20% below this. In order to minimize the risk of loan default, banks base their lending decisions on the mortgage lending value and not on the market value.

Mortgage lending value = market value – 20%

Available equity: Dependence on the balance sheet

As a general rule, 20% equity capital is needed. As mentioned before, the exact amount of equity ultimately depends on your credit rating. The more positive your balance sheet, the less equity you have to show. So you can also invest with an equity of 10% or 15% already in a property.

The better the credit rating, the less equity capital

Monthly load: income & expenses

The last important factor that influences the financing and thus the maximum purchase price is your monthly burden. Similar to the credit check, income and expenses are compared here. This is important for the bank, as it allows them to set the conditions for repayment, interest and redemption.

Conclusion: Determine maximum purchase price & financing

So, in addition to your credit rating and available equity, your monthly financing and loan-to-value also matter. This way, you can not only determine the maximum purchase price before you start looking for real estate, but also determine the terms for repaying your loan.

Buying real estate: Learning from A-Z

If you want to learn even more about the maximum purchase price, stop by our guide:

• Purchase price height (external)

â A guide â all the facts â insider tips â buying checklists to the questions that real estate newcomers have when buying the apartment: Owner-occupancy or rental, financing a condo, apartment hunting, real estate portals, realtors, appraisal, purchase prices, negotiations and taxes. Knowledge and experience from experts, in one guide. Learn step by step the process of buying an apartment and many insider tips!

• Buy apartment

“Miami of Europe”: Most beautiful golf courses in Marbella

Tip! Do you love golf and are you looking for a location close to top quality golf courses? Then you should look at real estate on Marbella and in the nearby towns of Benahavís, Estepona and Sotogrande. Here you will find many interesting options as a buyer. If you buy a villa in Marbella, you will live mainly among Spaniards, Italians and Scandinavians. Many come here because the temperatures are usually another +1 °, +2 ° above those in Ibiza or Mallorca.

Golf Club real estate: villa and condominiums

Golf Real Estate – Live and live, directly on the golf course? In Marbella no problem, here are numerous golf clubs with real estate, directly on or at the course. So you can virtually from your villa (or even condominium) directly on the course. The club membership is often already included. Especially for those who want to spend the winter in Marbella, the ideal combination of golf and “La vida loca”.

Villas in Marbella: Mediterranean climate, all year round

Villas in Marbella – From the “Golden Mile” with properties around 5 to 15 million to villas with slightly lower purchase prices, about 40 minutes south of Marbella. The market is large and above all modern. Nevertheless you will also find country style fincas. However, everything ~ 2 to 5 kilometers from the coastline. Behind it begins the very warm and dry Spanish inland.

• Buy Villa Marbella

Advantages of Marbella: climate and temperatures

The central advantages at a glance:

• Mediterranean to tropical climate
• Rarely below 15° in winter, likes 35° in summer
• High density of golf courses to Gibraltar
• Only ~ 5 hours flight time

My favorite! Los Naranjos Golf Club

Los Naranjos Golf Club: My number one because I like to be here by myself with friends. Los Naranjos is not the most exclusive private club, however, I love the vastness of the course and of course the personal connection through my friends. Therefore, my recommendation for your next game, Los Naranjos.

Directions to Los Naranjos Golf Club:

Already at the beginning, an impressive picture at Los Naranjos Golf Club:

Las Naranjos from above:

Rio Real Golf Course: City Location

The Rio Real Golf Course is located right next to the Santa Clara Golf Club, once again showing the proximity of the many golf courses here in Marbella.

Directions to Rio Real Golf Course:

The gateway to the Rio Real Golf Course:

The golf course with terrain from above:

Marbella Golf Country Club

The Marbella Golf Country Club is relatively long and accordingly covers a few meters in altitude, over the entire 18 holes.

How to get to the Marbella Golf Country Club:

Here is a view over part of the Course with panoramic views of the coast and the sea:

The Marbella Golf Country Club from above with the whole area:

Aloha Golf Club Marbella

Small but nice, the Aloha Golf Club in Marbella.

Directions to Aloha Golf Club Marbella:

Here’s a bird’s eye view of part of Aloha Golf Club:

Santa Clara Golf Marbella

Directions to Santa Clara Golf Marbella:

Here is a view over part of the Santa Clara Golf Course in Marbella:

Club De Golf Marbella

Directions to the Club de Golf in Marbella:

Directions to Magna Golf Marbella:

Here again the whole terrain of Club De Golf Marbella from above:

Cabopino Golf Marbella

Directions to the golf course Cabopino Golf Marbella:

Last but not least, the Cabopino Golf Marbella from above:

Villa / Apartment Marbella: Living on the golf course

Villa in Marbella – Especially for golf lovers Marbella is one of the hotspots in Spain and Europe. Many call Marbella the “Miami of Europe”. Pleasant to warm climate all year round and almost exclusively sun, in all seasons. Marbella is considered one of the hotspots in the Mediterranean, along with the hotspots of Mallorca and Ibiza. You want to buy a villa in Marbella? I will take you to one of the most southern regions of Europe, spoiled by sun and the good life at the Mediterranean Sea.

• Buy Villa Marbella

✓ Top recommendation for Cologne
✓ The most important questions and answers
✓ Free of charge

What kind of training does one need as an architect? What are the costs for the work? And which architect is the best for my needs? Find out everything about the topic of architecture here with us now!

Tasks: Construction, planning and completion

Depending on the project, architects interact with site managers, private individuals and other colleagues to successfuly complete a house construction. They take on a wide variety of tasks and, with their extensive knowledge of construction and building fabric, they are at the center of attention and make decisions on important issues, even during construction work.

Fields of activity – architect Activity sectors

Architects work in a wide variety of sectors. From large public building projects for cities, municipalities or countries to single-family homes for private individuals. But also in interior design, architects tackle a wide variety of areas. From designs for stores to lighting design and furnishings for private individuals, everything is included.

Costs

As in any profession, salaries and benefits increase with experience and age. As an architect, you usually start with a salary between 30,000 and 50,000 euros, but work your way up until salaries of 60,000 – 85,000 euros are possible at some point.

Architects in Germany – adresses and recommendations

Discover something new? In Germany there are many beautiful corners to discover and live. Here we have more good recommendations for other, beautiful regions:

• Berlin
• Hamburg
• Munich

Prerequisites – How to become an architect?

In order to become an architect, the most diverse requirements are set. A Master’s degree is the basic requirement for admission to the Chamber of Architects. In order to start studying architecture, the Abitur or the Fachabitur is required. In addition, depending on the college or university, various internships in practical areas such as construction and a creative entrance examination are required.

English in architecture – important for international cooperation

The English language is also an unofficial requirement, since mastery of this language is particularly important for international cooperation. Important technical vocabulary should therefore be mastered by prospective architects, especially if international work is being sought.

Occupation and training – school-leaving certificate, studies & Co.

A high school diploma or vocational diploma is required for the study program. Depending on the university, however, a certain amount of work experience may also qualify for university admission. Depending on the college or university, the study up to Bachelor takes 6-8 semesters. The Master’s program takes another 4-6 semesters. Only with the Master’s degree and a certain amount of work experience is it possible to be admitted to the Chamber of Architects. Only joining the Chamber of Architects entitles the student to work independently as an architect.

Frequently asked questions on the subject of architect

How much does one earn as an architect?

As already mentioned with the costs, the salary increases with years and experience. When you start your career as an architect, you usually start with a salary between 30,000 and 50,000 Euros, but as you work your way up over the years, the salary increases until at some point salaries of 60,000 – 85,000 Euros are possible.

What do the architects do?

Architects have the most diverse tasks depending on the project. Mostly, however, it is the architect’s task to draft the planned building project, to plan, design and to create. The architect decides fundamentally about the structure of the real estate and about the appearance. Depending on the assignment, he decides together with the client on the most important details and supervises the entire construction process.

How long does one have to study for architecture?

The study of architecture takes between 6 and 8 semesters, depending on the college and university. Afterwards a Master’s degree can be obtained, which takes another 4 to 6 semesters. The duration therefore varies between 3 and 7 years.

How much does one earn as a draftsman?

The salary of a draftsman is between 2.200 Euro and 3.200 Euro. However, the amount of the salary depends largely on the draftsman’s professional experience. With increasing experience, the salary can be increased to more than 42,000 euros per year.

How much does one earn as a landscape architect?

The salary of landscape architects varies between 2500 Euro and 4500 Euro per month. In architecture and planning offices the salary is usually lower than in the public sector.

How much does one earn as a technical draftsman?

Technical draftsmen in mechanical engineering earn up to 5000 euros a month. Technical draftsmen, however, have the possibility of further training to become technical designers, which can increase their salary.

What does one do as a draftsman ?

Draftsmen work mainly on a CAD (Computer Aided Design) workstation with special software. For example, they can work as draftsmen in engineering offices and planning departments of construction companies and precast factories.

How much does a media designer earn?

Media designers earn between 2000 Euro and 3500 Euro. However, the salary varies depending on experience and education. On average, however, a salary of 31,500 euros per year is normal.

How long does it take to study law before the first state examination?

9 semesters of study must be completed before the first state examination. Afterwards another 2 years of legal clerkship and the 2nd state examination are added. The training to become a fully qualified lawyer therefore takes at least 7 years.

Can you study architecture without a high school diploma?

In general, a degree in architecture requires a university entrance qualification. This includes the Abitur or the Fachabitur. In certain cases, however, a corresponding professional qualification and work experience also entitles admission to a university.

How long do I have to study to become an engineer?

The study to become an engineer usually takes 6 semesters, i.e. 3 years until the Bachelor’s degree. A Master’s degree is possible after another 4 semesters, i.e. 2 years additionally.

Architect Cologne: Experts Nearby

No matter whether home or investment, if you want to build you need a good architect. More on returns: investment property. Our editorial team has selected the best 16 architects from Cologne for you.

ASTOC ARCHITECTS AND PLANNERS GmbH

Rating: 5.0 / 5.0 (Google; 5 ratings)

• Maria-Hilf-Straße 15, 50677 Cologne
• Telephone: 0221 2718060

Bright ARCHITECTURES

Rating: 4.8 / 5.0 (Google; 23 ratings)

• Neuenhöfer Allee 92, 50935 Cologne
• Telephone: 0221 9522416

Jan-André Meyer Architekten

Rating: 5.0 / 5.0 (Google; 4 ratings)

• Marienburger Str. 36, 50968 Cologne
• Telephone: 0221 9865280

KOE Architekten Architectural office for housing construction

Rating: 5.0 / 5.0 (Google; 3 ratings)

• Gottfried-Hagen-Strasse 60-62, 51105 Cologne
• Telephone: 0178 3124682

Peter Böhm Architekten

Rating: 5.0 / 5.0 (Google; 2 ratings)

• On the Römerberg 25, 50968 Cologne
• Telephone: 0221 8882360

STEIN Architects

Rating: 5.0 / 5.0 (Google; 2 ratings)

• Apostelnstraße 9, 50667 Cologne
• Telephone: 0221 9904640

Kraus Architekten GmbH & Co. KG/h4>

Rating: 5.0 / 5.0 (Google; 2 ratings)

• Dürener Str. 176, 50931 Cologne
• Telephone: 0221 340740

V-architekten gmbh

Rating: 5.0 / 5.0 (Google; 1 rating)

• Huhnsgasse 42, 50676 Cologne
• Telephone: 0221 6699930

JSWD Architekten GmbH & Co. KG/h4>

Rating: 4.1 / 5.0 (Google; 10 ratings)

• Maternuspl. 11, 50996 Cologne
• Telephone: 0221 9355500

Dohmen Architects

Rating: 5.0 / 5.0 (Google; 1 Rating)

• Wankelstraße 14, 50996 Cologne
• Telephone: 02236 969400

Marciniak Architects Partnership

Rating: 4.5 / 5.0 (Google; 2 ratings)

• Isenburger Kirchweg 48, 51067 Cologne
• Telephone: 0221 691717

Artefactum Architectural Studio Markus Lenzen h4>

Rating: 5.0 / 5.0 (Google; 2 ratings)

• Corneliusstraße 1, 50678 Cologne
• Telephone: 0221 8698923

Steves and Borsum Architects

Rating: 4.0 / 5.0 (Google; 4 ratings)

• Bayenthal Belt 68, 50968 Cologne
• Telephone: 0221 91249700

Shoe + Rottland

Rating: 5.0 / 5.0 (Google; 1 rating)

• Goltsteinstraße 28, 50968 Cologne
• Telephone: 0221 2409469

Oliver jäkel architect

Rating: 4.0 / 5.0 (Google; 1 rating)

• Nassestraße 2, 50939 Cologne
• Telephone: 0221 46002533

BFM Architects

Rating: 4.0 / 5.0 (Google; 4 ratings)

• Unter den Ulmen 106, 50968 Cologne
• Telephone: 0221 8888370

Cologne and surroundings: recommendations

Further good recommendations in Cologne and surroundings.

• Berlin
• Hamburg
• Munich

✓ Top recommendation for Cologne
✓ The most important questions and answers
✓ Free of charge

What exactly are the tasks of architects? More about Cologne: real estate Cologne. What prerequisites and qualifications do architects need and what are the most important questions about the profession of architect?

Tasks: Construction, Planning and Completion

The field of activity of architects covers a wide range of different tasks. From planning, design and creation of real estate to construction and completion.

Fields of activity – architect activity sectors

Architects are active in the most diverse fields of activity. From the pure design of buildings to interior designers who are exclusively concerned with the design of interiors, there are many different possibilities.

The costs – depending on the project different

As in any profession, salaries and benefits increase with experience and age. As an architect, you usually start with a salary between 30,000 and 50,000 euros, but work your way up until salaries of 60,000 – 85,000 euros are possible at some point.

Architects in the area

Discover something new. Also the surroundings of Frankfurt are very beautiful and it is worthwhile to discover them and to live there. Here we have some more good recommendations for the surrounding area of Frankfurt:

• Darmstadt
• Wiesbaden
• Mainz
• Bad Homburg

Prerequisites – How to become an Architect?

In order to become an architect, one needs various prerequisites. First of all, a high school diploma is the basic requirement for studying. In addition, a variety of internships with practical experience in sectors such as construction or crafts are required to be able to start studying at all.

Profession and training – school-leaving certificate, Bachelor and Master

Architects are extensively trained in an architectural degree program. For this purpose, an A-levels or vocational baccalaureate is required. Depending on the college or university, the study program takes between 6 and 8 semesters. Afterwards, a master’s degree with a further 4 to 6 semesters is possible. In order to be admitted to the Chamber of Architects, however, a Master’s degree is a basic requirement.

Frequently Asked Questions on the Subject of Architecture

How much does one earn as an architect?

As already mentioned with the costs, the salary increases with years and experience. When you start your career as an architect, you usually start with a salary between 30,000 and 50,000 Euros, but as you work your way up over the years, the salary increases until at some point salaries of 60,000 – 85,000 Euros are possible.

What do architects do?

Architects have the most diverse tasks depending on the project. Mostly, however, it is the architect’s task to draft the planned building project, to plan, design and to create. The architect decides fundamentally about the structure of the real estate and about the appearance. Depending on the assignment, he decides together with the client on the most important details and supervises the entire construction process.

What qualities do you need to have to become an architect?

• A sense of responsibility and a feel for quality in the process flow
• Communicative and receptive to constructive criticism (e.g. wishes of the client)
• Coordination skills are especially important on the construction site with large teams and external workers

How long does one have to study for architecture?

The study of architecture takes between 6 and 8 semesters, depending on the college and university. Afterwards a Master’s degree can be obtained, which takes another 4 to 6 semesters. The duration therefore varies between 3 and 7 years.

How much does one earn as a draftsman?

The salary of a draftsman is between 2.200 Euro and 3.200 Euro. However, the amount of the salary depends largely on the draftsman’s professional experience. With increasing experience, the salary can be increased to more than 42,000 euros per year.

How much does one earn as a landscape architect?

The salary of landscape architects varies between 2500 Euro and 4500 Euro per month. In architecture and planning offices the salary is usually lower than in the public sector.

How much does one earn as a technical draftsman?

Technical draftsmen in mechanical engineering earn up to 5000 euros a month. Technical draftsmen, however, have the possibility of further training to become technical designers, which can increase their salary.

What does one do as a draftsman ?

Draftsmen work mainly on a CAD (Computer Aided Design) workstation with special software. For example, they can work as draftsmen in engineering offices and planning departments of construction companies and precast factories.

How much does a media designer earn?

Media designers earn between 2000 Euro and 3500 Euro. However, the salary varies depending on experience and education. On average, however, a salary of 31,500 euros per year is normal.

How long does it take to study law before the first state examination?

9 semesters of study must be completed before the first state examination. Afterwards another 2 years of legal clerkship and the 2nd state examination are added. The training to become a fully qualified lawyer therefore takes at least 7 years.

Can you study architecture without a high school diploma?

In general, a degree in architecture requires a university entrance qualification. This includes the Abitur or the Fachabitur. In certain cases, however, a corresponding professional qualification and work experience also entitles admission to a university.

How long do I have to study to become an engineer?

The study to become an engineer usually takes 6 semesters, i.e. 3 years until the Bachelor’s degree. A Master’s degree is possible after another 4 semesters, i.e. 2 years additionally.

Architect Frankfurt: Experts Nearby

Top 16 Recommendations

Mäckler Architekten GmbH

Rating: 5.0 / 5.0 (Google; 4 ratings)

• Schaumainkai 101, 60596 Frankfurt am Main
• Telephone: 069 50508000

Dietz-Joppien Architekten AG

Rating: 5.0 / 5.0 (Google; 2 ratings)

• Schaumainkai 69, 60596 Frankfurt am Main
• Telephone: 069 96244960

KSP Jürgen Engel Architekten GmbH

Rating: 4.7 / 5.0 (Google; 7 ratings)

• Hanauer Landstrasse 287, 60314 Frankfurt am Main
• Telephone: 069 9443940

AS+P Albert Speer + Partner GmbH

Rating: 5.0 / 5.0 (Google; 13 ratings)

• Hedderichstraße 108, 60596 Frankfurt am Main
• Telephone: 069 6050110

MOW Architekten Mack Lücke Bendlin Partnership

Rating: 4.3 / 5.0 (Google; 3 ratings)

• Grillparzerstraße 15, 60320 Frankfurt am Main
• Telephone: 069 9450780

Cma cyrus moser architects

Rating: 5.0 / 5.0 (Google; 4 ratings)

• Steinlestraße 6, 60596 Frankfurt am Main
• Phone: 069 9043190

MMZ Architects BDA

Rating: 5.0 / 5.0 (Google; 1 rating)

• Bleichstraße 64-66, 60313 Frankfurt am Main
• Phone: 069 40353750

Stefan Forster Architects

Rating: 5.0 / 5.0 (Google; 2 ratings)

• Carl-von-Noorden-Platz 5, 60596 Frankfurt am Main
• Telephone: 069 24748000

HGP Architekten Leben Kilian PartG mbB

Rating: 5.0 / 5.0 (Google; 1 Rating)

• Beethovenpl. 1-3, 60325 Frankfurt am Main
• Telephone: 069 96244510

Franken Architekten GmbH

Rating: 5.0 / 5.0 (Google; 3 ratings)

• Niddastrasse 84, 60329 Frankfurt am Main
• Phone: 069 2972830

More good architects in Frankfurt

Schmidtploecker architekten und planungsgesellschaft mbH

Rating: 5.0 / 5.0 (Google; 1 rating)

• Dreieichstraße 59, 60594 Frankfurt am Main
• Phone: 069 95932020

In_design architecture

Rating: 4.3 / 5.0 (Google; 7 rating)

• Strahlenberger Weg 16, 60599 Frankfurt am Main
• Phone: 069 60628720

Karl Dudler Architect

Rating: 4.7 / 5.0 (Google; 3 ratings)

• Schwanthalerstraße 59, 60596 Frankfurt am Main
• Phone: 069 21935620

MACK SPACES GmbH

Rating: 5.0 / 5.0 (Google; 1 rating)

• Schifferstraße 6, 60594 Frankfurt am Main
• Phone: 069 94419599

Neumann Architekten GmbH

Rating: 5.0 / 5.0 (Google; 2 ratings)

• Darmstädter Landstraße 116, 60598 Frankfurt am Main
• Telephone: 069 6986990

ATP Frankfurt Planungs GmbH

Rating: 4.3 / 5.0 (Google; 4 ratings)

• Alicepl. 11, 63065 Offenbach am Main
• Telephone: 069 82030

Frankfurt and surroundings: recommendations

Other good recommendations in Frankfurt and surroundings.

• Darmstadt
• Wiesbaden
• Mainz
• Bad Homburg

Income capitalization approach: how does the calculation work?

The capitalised earnings value method determines the capitalised earnings value of the property and is used to value properties that are expected to generate an economic return. The capitalised earnings value is meaningful when yield considerations are at the forefront in the case of rented properties and commercial properties. Capital investors and investors in particular can use the capitalised earnings value to compare alternative forms of investment. In the case of commercially used or rented properties, the determination of the capitalised earnings value is also the basis for the mortgage lending value of the property.

Market value of the land and the building income value

The capitalised earnings value method divides the property into the market value of the land and the building income value. This includes rental income, maintenance costs and costs for managing the land and building. Accordingly, the rental income less the management costs and the land value including its interest are compared.

Calculation example: Income value – simply calculated with Lukinski

For the calculation of the income value of your property, we assume the following information as an example. This information can then be used to calculate the values of the gross annual amount and the annual net income as well as the operating costs.

• Area: 200 square meters
• Price: 7 euros per square meter
• Operating costs: 25 percent
• Property interest rate: 7 percent
• Land value: 100.000 Euro
• Building damage: 3.000 Euro
• Expiry date: 12,50

Calculation of annual gross amount, annual net income and operating costs

• Annual gross profit = 200 sqm * 7 Euro / sqm * 12 months = 16.800 Euro
• Operating costs = 16,800 euros * 25 percent = 4,200 euros
• Annual net income = 16,800 Euro – 4,200 Euro = 12,600 Euro

So after deducting the costs, 12,600 euros are left over from the annual rental income. The following continues to apply:

• Land value interest = 7 percent * 100,000 euros = 7,000 euros
• Preliminary capitalised earnings value = 12,600 Euro – 7,000 Euro = 5,600 Euro

Calculation: Building income value and capitalised earnings value

For the building income value, the provisional income value is multiplied by a multiplier. The multiplier is a key figure calculated from the property interest rate and the remaining useful life. The longer the remaining useful life of the building, the higher the multiplier. To determine the income value, any structural damage is then deducted from the building income value and the market value of the land is added.

• Building income value = 5,600 Euro * 12.50 (multiplier) = 70,000 Euro
• Earned value = 70,000 euros – 3,000 euros + 7,000 euros = 74,000 euros

Let the professionals do the math

Our team of investors will be happy to draw up yield calculations for your desired property. Prospective buyers can be convinced of good returns. Upon request, we will inform you of the data required for the calculation. After receipt of the documents, we take over the determination of the capitalized value and give you a first estimate of the yield.

Valuation for the sale of real estate

All important information about the valuation of real estate sales summarized for you: Valuing a property.

Material value method: Value for the new construction of a property

The calculation first uses the standard land value to determine the market value of the land, then the real value of the building is added.

The real value of the building is calculated on the basis of the building’s production costs less any reductions for age. The real value of the land (market value of the land) and the real value of the building are added together and multiplied by a real value factor.

Value in kind = (100,000 Euro + 150,000 Euro) * 0.5 = 125,000 Euro

The calculation of the asset value factor is based on the building type, the preliminary asset value and the standard land value. The total tangible asset value determined in this way indicates the financial resources that would be required to rebuild the property.

• Real value method

Comparative value method: Comparison of similar properties

The comparative value method compares your property with similar properties. It is used in particular for the sale of owner-occupied apartments and houses. The comparative value can also be determined for undeveloped land.

Price per square metre of the comparable property = 300,000 Euro / 100 sqm = 3,000 Euro per sqm

Purchase price of the property to be valued = 3,000 Euro * 200 sqm = 600,000 Euro

Only properties in similar locations and with a comparable layout are considered in the comparison. The properties included in the valuation should come from the immediate vicinity of the residential property. The comparative value method is considered to be particularly realistic. It is frequently used to determine the value of properties because the locations are relatively comparable from a regional point of view.

• Comparative value procedure

Value appraisal (costs)

Who prepares appraisals for real estate? What does a house appraiser cost? What does an appraiser for old buildings cost? Unless legal regulations require the appointment of an expert, a real estate appraisal will provide you with a realistic valuation of your property in the regional and national market. We provide timely and accurate valuations of land, residential and commercial properties.

However, if the valuation is to be presented in court, for example in the case of a divorce, experts must be consulted for a fee. The residential or rental property is inspected on site. As a rule, both a written and a digital copy of the appraisal are issued.

• Valuation report