Property valuation is essential for the purchase and sale negotiation to take place safely, quickly and without any subsequent regrets. However, to know the real value, it is necessary to consider all the rules, criteria and conditions that will define your final price.
Therefore, it is impossible not to give due importance to each element and attribute to be evaluated - bearing in mind that this will guarantee a transparent and more peaceful negotiation.
Some characteristics are decisive when evaluating a property and define its value, such as the infrastructure of the place, the leisure areas offered, security, among others.
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Therefore, we decided to list the main factors that define the final price of a property, fairly. Continue reading and check it out!
What is the purpose of the assessment?
The evaluation of a property is based on regulatory standards and some technical procedures. In addition, it considers the characteristics of the property and the real estate market in which it is located. Its essential purpose is to technically identify the real value of the property.
However, it is essential to know if the value attributed is in line with that practiced in the market in order to have a parameter and, thus, guarantee a fair negotiation. It is worth mentioning that a properly evaluated property greatly increases the speed of the purchase and sale transaction - thus avoiding frustrations and guaranteeing a friendly and peaceful deal.
What is technical opinion and verbal opinion in real estate appraisal?
When a real estate agent evaluates a certain property, he will suggest, after his work, a value and this can be verbal (verbal opinion) or documented (technical opinion).
The technical opinion or appraisal report is widely used in legal proceedings, since it is a written analysis that involves signed and dated documentation, with details of the property. It is worth mentioning that it is a function that can only be performed by a duly trained professional with training as a real estate appraiser.
What factors should be considered in the assessment?
Some factors must be very well evaluated by the brokers, since they add value to the properties. Shall we go to them?
- Leisure and entertainment
An important and highly valued point today is the leisure area offered by the condominiums. As we are talking about a residential space, the presence of leisure options is essential when choosing a home - especially for those with young children.
These spaces are increasingly common and in large numbers in new real estate developments - having many areas for leisure is seen as an extra comfort in the place of residence. See the most common ones:
- party room;
- pool;
- playground;
- gym;
- barbecue grill;
- games room;
- between others.
- Security
Nowadays more and more prioritized, security is an essential factor when it comes to real estate valuation. The more protected a condominium is, the more attractive it becomes in the eyes of the buyer. It is not for nothing that the liquidators have invested a lot in new security technologies that guarantee more protection in these spaces, such as cameras, biometrics, remote concierge, identification of plates, etc.
- Location
Some issues must be very well evaluated, before the decision to buy a property in a certain region. This is because the characteristics of the region say a lot about what it is like to live there. Here are some factors to check:
- proximity to important services, such as hospitals and police stations;
- crime on the spot;
- sanitation;
- noise pollution level.
In addition, the more transport, trade and service infrastructure the neighborhood has, the more value is added to it. Good accessibility with transportation options - such as buses, subways and taxi ranks - are factors that win over potential buyers.
Likewise, the supply of a plentiful trade, consisting of shopping malls, supermarkets, pharmacies, in addition to schools, universities and the most varied services, is something highly valued in the real estate market.
- The footage of the property
The square meters of a property are also a determining factor in its valuation. The bigger the property, the more it will be valued, especially if the location is privileged. Apartments with attractive configurations are very popular, especially if they meet the needs of potential buyers.
Families with two children, for example, are now looking for properties with at least three bedrooms, a suite and more than one bathroom. In addition, the garage of the property is a requirement for some buyers. Many insist on at least two spaces for vehicles.
- Conservation status
Another important factor when evaluating a property is its conservation. Painting, electrical and hydraulic systems are some of the factors that are widely observed by those who want to do business. A well-maintained apartment that does not require construction, renovation or any type of alteration is valued. After all, who likes to look at a work?
Therefore, the state of the property, whether it is a house or an apartment, can be decisive when it comes to closing a deal. Here's what to look for:
- facade;
- electrical and hydraulic parts;
- coating;
- painting;
- ceilings and roofs;
- glasses;
- among other items.
What are the methods of appraising real estate?
There are some methods of valuing properties that are widely used in the real estate market . The evaluator is the one who chooses the best procedure to be adopted. The most used are the evolutionary, the involutive and the comparative. See what its features are!
Evolutionary method
It is more suitable for evaluating urban properties. The evaluation is made by calculating the value of the land and its improvements.
Involutive method
It is used to assess unusual terrain. It is made from a study of the technical and economic feasibility of the land value.
Comparative method
It is the best known and most used. In it, a comparison is made of some market data that come close to the characteristics of the property, such as its dimensions, location and leisure areas.
Property valuation is necessary for all property purchase and sale processes and, therefore, needs to be very well done to ensure that the real price of the property is reached.
