Determining the house value: The most important things for a successful real estate sale at a glance!

How much is my house worth? Everyone who wants to sell their property has asked themselves this question at least once and the uncertainty about it drives most of us around. Whether due to a job-related move or a divorce - the reasons for selling a house can be very diverse. The goal is actually always the same: it should run as smoothly as possible and we want to achieve the highest possible price for our property. In order to sell at a fair profit, there are a few important steps to consider. The first thing we should do, of course, is determine the value of the house. How do you go about it and what can you do to increase market value? We'll tell you all that and much more below!

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How to determine the house value?

Determining the house value is undoubtedly one of the most important measures when selling a house. It indicates what market price we could hypothetically achieve. Since the calculations require precise knowledge and are quite complex, it is worth hiring a competent and experienced appraiser or real estate agent. In order to determine the value of a property, three different variants are used – income value method, comparative value method and material value method.

In order to determine the value of the property, the building is compared with similar properties using the comparative value method. If there is not enough data available afterwards, the material value method is used. The property and the land are considered separately and the house value is determined on the basis of the condition of the building fabric, equipment and year of construction. The discounted earnings method, on the other hand, is mostly used for rented properties. The basis for calculation is the amount of rent achieved. Which calculation method would make sense for you depends on the type of object to be evaluated. Several methods are often combined with one another.

What factors influence the market value?

In contrast to the house value, the market value describes the price at which we can actually sell our house. There are many different factors that are of great importance for the determination. However, the list is quite long and extensive and in order not to complicate it further, we will focus on the most important ones below. In the first place, of course, the location plays a decisive role and a distinction is made between micro and macro locations. While the macro-location refers to the city or region, the micro-location refers to the immediate environment and neighborhood. Are there supermarkets and bus stops in the area? Is it a quiet residential area and what is the noise level? Are doctors, pharmacies and restaurants within easy reach?

In order to determine the house value, the equipment of the property is of course also evaluated. Not only the visual factors, such as garden, balcony, basement, etc. are taken into account, but also the year of construction, the building fabric and energy efficiency. Logically, a house that has a large garden and two floors will command a higher value than a small city apartment. The condition of the soil and the quality of the building materials used also influence the value of the house. The worse the structural condition, the lower it will be.

Determine and increase house value: This is how you succeed!

You would like to determine the house value and are wondering whether you can somehow increase it? There are actually several measures that can increase the asking price. For example, small cosmetic repairs and plants in the garden could increase the value. It is also important to eliminate defects and signs of wear that have arisen over time. This includes, for example, removing vermin, repainting the facade and maintaining the heating system. Modernization measures can also help to increase the value of the house. Above all, renewable energy sources have a positive effect on the energy certificate and have a positive effect. In addition to all of the above factors, the price index and the current local market situation also determine how much a property is actually worth.