appraise my house | How to evaluate your house or apartment

How to evaluate your house or apartment




The area, the neighborhood and the condition of the property are the essential criteria for making an estimate.

In a stony stone market, it is not easy to evaluate the "true" value of one's house or apartment in order to sell it quickly and at "good" prices. Finished signed sales in one day. No more surrender prices 10 to 15% higher than the previous year. Today, values ​​are falling and buyers have their hands. Also, to sell, it is necessary to set a "fair price" consistent with the local market. "In the current period of sluggishness, an overestimation of the price may leave it a long time on the market without finding a buyer. It's a waste of time and money for those who need to get rid of it, "said Yvette Hue, president of the Fnaim's chamber of experts. Currently, real estate agents have mandates in their portfolios for thousands of properties for sale for a year or more. "Nothing happens because too greedy buyers are hooked to a price that is no longer in force," says Jacques Duval, Socim agency in Rennes.

Demonstrate objectivity
Difficult to evaluate oneself for one's own good. The owner is often subjective in the presentation of his heritage. To evaluate it in all objectivity, it is better to call on a third person. To get an idea, start looking at the classifieds in the neighborhood. You can also visit websites. They will help you to understand the value of your property. Then, the best is to ask two or three local real estate agents to come and make an estimate. Free, each visit will result in a price range. You are not satisfied with this value due to the underestimation of the price or atypical character of your property? You can use the services of a real estate expert. For 500 to 1,000 euros, this professional will write a detailed report detailing the quality of the property and the building, its environment, similar transactions registered in the neighborhood, with a certificate of urban planning, etc. "Sometimes we are mandated to evaluate the price of an immovable or in the event of disagreement between the parties on the price in the event of a divorce or succession. But we also intervene to evaluate real estate on the occasion of a donation-sharing, a legacy or a tax declaration, "says Jean-Paul Aubrun, real estate expert in Fontenay-sous-Bois.

In terms of evaluation, all professionals will tell you that a property is like no other. Its price always differs from a "twin" dwelling located in the same street, in the same building and sometimes on the same floor! The average price in sales made in the sector is a starting point, but is then reduced or increased according to the specific characteristics of the house.

Location, criterion number one
The location is the basic rule in real estate. It directly affects the value of the property. For example, a house or apartment in a desirable and attractive area (in the city center, facing the sea, at the foot of the ski slopes) will necessarily be more expensive than the same surface in a more secluded corner in the countryside or in the countryside. third crown of a large agglomeration. Among the factors that increase or decrease the value: the presence or absence of public transport, shops, schools, etc. Other important information: is the neighborhood a safe bet, popular or in the making? Finally, the valuation also takes into account the environment of proximity, assets (parks, garden, pedestrian street, etc.) as possible nuisances (airport, roadway, restaurants, workshops, etc.).

In addition to the general condition of the interior and equipment (electrical, sanitary, etc.), a long list of small "details" come to modulate the price: a floor more or less high, the exhibition, the plan of the apartment, the presence or not of a balcony or a terrace, the sight, the existence or not of appendices (room of maid, local in the courtyard, cellar, etc.).

For an apartment, impossible to "stall" a price without disregarding the condominium. A beautiful three-room apartment in a degraded building is not a good point. Just as a 1960s or 1970s residence will be less popular than a Haussmannian building. The general condition of the building and common areas is an important parameter as well as the presence or absence of a lift, parking, a guard. The list of works completed or to come are all criteria to be included in the price calculation.