How to value a house or property

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In the moment of buy or market a home or property es de suma relevance que sepamos cómo properly examine said construction para poder pagar un precio justo, o para poder poner un precio razonable en nuestra propiedad. Para conocer el valor real de una vivienda son varios los factores que intervienen en el resultado, y los mencionaremos en este post, pero antes de acceder de lleno en la valoración de una construcción hay que conocer algunas cosas.

The first thing we have to know is that in the valuing a home is called an appraisal; And even when the appraisal procedure is usually carried out by a specialist called an appraiser, it is a procedure that we all need to know in order to carry out the procedure ourselves, and to know what an appraiser takes into account when valuing a property.

Start

If the procedure is requested from a stranger, the most common is that they request a simple note of the land registry; This procedure is carried out in order to be able to corroborate that the information provided is the same as the one registered. But before continuing, we must explain that this procedure has a cost, and this external procedure is generally needed when some special procedures are to be carried out. But this guide will help you to know the real value of your home for yourself, or if you wish it will allow you to follow the expert's procedure.

Terms

The first thing we must look at to be able to give a value to a property is the construction status. Here aspects like the age of the building, more apart if renovations have been done, this is very important when calculating the value of a property. Generally speaking, the older the construction, the lower its price, but if an old property has been rehabilitated, its value is maintained or increased depending on the size of the building. housing rehabilitation project.

Another point regarding construction conditions is if it has passed any technical inspection of buildings, or ITE. Si es así, el precio puede incrementar considerablemente. Además es muy importante considerar el aspecto interior y exterior; Y es que desde el exterior la propiedad se puede ver de maravilla, pero si por dentro se daña el piso o las paredes, el precio bajará; Por otra parte, es viable que la fachada no be tan agradable a la vista, pero que la parte interna del edificio esté en muy buen estado; Prestar mucha atención a estos detalles puede marcar la diferencia entre una buena y una mala valoración.

Location

The second most important point to be able to establish the the value of a property is its location; In this case, the construction valuation is directly affected if it is located in a good area. Now, we must not only look at the location by neighborhood, but also in the surroundings of where it is located. As an example, if the building has a balcony, and a very good facade will be highly valued; On the other hand, if this construction is located in a popular, touristic area or with several bars, the balcony will not be seen very well, because when it opens the noise of people will enter the house. In other cases if the house it is located far from the city center Additionally, it may lose value due to longer transportation times to reach other locations.

Aunque es cierto que esta pregunta puede volverse subjetiva, dado que habrá persons a las que les guste estar en una zona con varios bares, es muy importante considerar la pregunta como algo para la gente en general. Analizar las necesidades de las personas y las ventajas o desventajas del inmueble nos ayudará a hacer una mejor valoración.

Surface

Who has not dreamed of having a house of more than 400 square meters on the land? Well then, the size of the building It also has to do with the valuation that will be given to the property, but you have to be very careful when addressing this issue. Regarding the question you started this paragraph with, we could deduce that the larger the land, the higher the property value, despite everything, this is not necessarily correct.

Even if there is a price difference due to the difference in square meters, it can also be altered by other issues such as the distribution of spaces. In other words, it is necessary to pay attention to the space dedicated to construction, and the space that is used for a garden or garage. It is very important to consider this when examining a property; and we go back a bit to the same point as the location, even though the value of a garden or garage It can be subjective for those who see the construction, it should be considered rather with reference to the costs of construction or conditioning of the garden, this will give us a more objective idea of the real value of the construction given the surface.

illumination

An important aspect to consider in the valuation of a construction, and which is usually not taken into account, is the orientation of it; This is essential to consider because this will define the amount of natural light that the building can use for its illumination and also to be able to give a better view to the facade given the Natural lighting.

In this circumstance, the general rule dictates that a construction will be better evaluated if the amount of natural light that you can take advantage of is greater; so this point becomes a detail that can make big differences so that whoever buys or sells the property can make a better decision based on the correct value of the construction.

Distribution

Now we will delve a little deeper into the subject of distribution, a subject that had been touched slightly in the superficial subtopic. Now, what consideration should we have regarding the distribution of construction? Well, the most important thing will always be two things, visual appeal and functional appeal. Regarding functional attractiveness, we are talking about how friendly the construction is in terms of people's daily lives, from this dynamic it may be that in some construction there are very long corridors that, even when they look beautiful, are not truly functional at the moment. to seek agility in transfers.

On the other hand, there are functional items such as stairs, but when some aesthetic details are added, they make them much better valued. Therefore, when analyzing construction it is essential that we focus on these two points; after this there are already some aspects such as the type of decoration and the materials used.

Elevator and windows

One of the previous points mentioned the orientation with respect to the sun as an important factor, but in this chapter we will touch on a complement, and that is that it does not matter if construction is well orientedIf you don't have the right windows to take advantage of natural light, your value will decrease considerably. The considerations that determine the value due to sales is the size of the sales, as well as materials or quality, because the higher quality they have, the better use of light.

Another aspect to verify at the same time of the size is that window class they are, in other words, verify the material with which they are built. Some materials are stronger than others, while others are quite brittle; some inked and others more transparent. Each of these details can increase the value of the building.

In some cases, the constructions have significant heights, so a The elevator is fundamental in its structure.; In the case of some apartment buildings, not having an elevator is something that truly devalues the apartment in the eyes of a large number of potential clients. Therefore, it is very important to pay attention to this point.

Types to perform an assessment

We already learned that we must verify when we intend to value a property, but now we will talk about how much each of the aspects we analyze costs. The easiest way to carry out this evaluation is by analyzing values that we can find as the land price for sale in the surroundings, and compare all the points analyzed with the rest of the buildings. Another matter that we can verify are the municipal references that can guide us with respect to the assessment of the area in order to make a much more accurate assessment.

Another alternative that will always be available is to hire an expert in the appraisal area, this guarantees that a correct appraisal is carried out; So, after thinking about our options well, we have this option, or we can do it ourselves. But one thing is for sure, you are now ready to better value a property.