Value appraisal: Apartment, house & apartment building – Real estate appraisal

Value appraisals – Who prepares value appraisals for real estate? What does an appraiser for house appraisal cost? What does an appraiser old house appraisal cost? There are many questions to answer, the best answer is to have an expert on your side for real estate appraisal.

Appraisals: Specifications, experts and market

Unless legal regulations require the appointment of an expert, you will receive a realistic valuation of your property in the regional and national market with a real estate appraisal. 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.

This officially recognised market value appraisal has its price. In principle, the appraisal fee depends on the expected market value of the property as well as on the effort required to prepare the appraisal.

Fees for architects and engineers (HOAI)

However, expert fees are still often based on the Ordinance on Fees for Architects and Engineers (HOAI) of 2002, which has no longer been binding since 2009, but since then there has been no fixed regulation for expert opinions and valuations.

Fee in principle freely negotiable

This means that you are basically free to negotiate the fee with the real estate appraiser. Before you commission an appraiser, you should obtain several offers. We will be happy to assist you in selecting and commissioning an appraiser from your region.

In accordance with a guideline of the Bundesverband Sachverständiger (B.V.S. Sachverständiger), the fees for appraisal services are determined on the basis of the property value. Other special features of the property, such as residential and heritable building rights and rights of way, are added.

Appraisal fees: Property value sets the price

If the property is valued at 300,000 Euros, the appraiser’s fee according to the guidelines of the B.V.S. Sachverständige amounts to 1,800 Euros. Since a right of way was additionally appraised, a surcharge of 20 percent = 360 euros can be invoiced. The costs for the expert thus amount to a total of 2,160 euros.

Offsetting with broker commission

If you work with experts when selling the apartment or house, they will prepare a free valuation for your property as a first step.

This initial valuation can serve as a basis for you to decide for or against a sale. After the initial decision, an official value appraisal by a sworn expert can be obtained at any time if required.

Your valuation partner will cover the costs incurred in the event of a sale through the brokerage fees.

The determined optimal price range for your property relates directly to your region and the location on the regional real estate market. The valuation of real estate experts enables the optimal placement of your property throughout Germany.

Don’t limit yourself to local real estate agents

Without financial obligations you receive a professional valuation by real estate agents, with whom you subsequently cooperate for the sale. Experts are experienced in the market and know the prices of comparative properties in your area homes.

The comparative value can also be determined for undeveloped land. The comparative value method only takes into account properties in similar locations and with a comparable layout. The properties included in the valuation should be 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, as the locations are relatively comparable from region to region.

Valuation for the sale of real estate

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

Income approach: Breakdown of market value & building income value

The capitalised earnings value method divides the property into the market value of the land and the building income value.

Land value interest = 7 percent * 100,000 euros = 7,000 euros

Building income value = 5,600 Euro * 12.50 (multiplier) = 70,000 Euro

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.

• Capitalised earnings method

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