Valuation at the highest level
Every property holds its own distinct value, deserving a tailored evaluation. Our decades of expertise and eye for detail ensures a seamless sales process. Get your free and non-binding on-site valuation.
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REAL ESTATE VALUATION
Appreciation as a philosophy
We value the individuality and history of each property. Often, it is the hidden values that determine the price. Our experienced advisors will recognise all the unique details to effectively market your property and achieve the best possible price.
On-site valuation
The best value comes through in an on-site valuation, where our experts take into account all of the unique characteristics that make your property special.
Skilled professionals
Our Engel & Völkers advisors are educated and professionally trained. Valuation is one of our core competences and the key to a successful sale.
Local expertise
A precise property valuation requires local market knowledge and experience. Our local experts determine the optimal price based on market and target group analysis.
The correct valuation
The top 6 factors for property valuation
When it comes to selling a house, a multi-tenant building or an apartment, one of the most crucial and intricate steps is accurately valuing the property. Let's delve into the six key factors that play a significant role in determining your property's value.
“Location, location, location”: The old maxim is still true to this day. The location of a property is still one of the most value-determining factors, and often more than the property itself. We differentiate between micro location and macro location. The micro location is the close surroundings of the property, such as a city district, whereas the macro location describes the region in which the property is located. Whether a location is desirable or not is also determined by the existing infrastructure and cultural, educational, and recreational facilities or a planned development in the area (rezoning, new transport infrastructure, etc.).
Is the property newly built, or has it been there for a while? Is it in need of renovation or as good as new? Age influences the value of a property. However, it has less to do with the year it was built and more to do with the property's condition in relation to its age.
For example, if a property is very old, urgent or routine renovation work may be required. This is related to construction practices appropriate to the year of construction, such as ceilings (beamed versus concrete), energy performance of the building, heating solutions, etc. However, antiquarian properties in prime communities are still sought after and achieve high transaction prices. Genius loci is something that you can hardly estimate at all.
For prospective buyers, the property's condition is very important. It is essential to note that upgraded properties achieve higher selling prices. Although, there is a group of buyers who, on the contrary, appreciate a property for rebuilding according to their wishes.
Our experts will give you the best possible advice on the condition of your property.
What property type are we dealing with – a terraced house, a detached house, a private house, an attic apartment or penthouse, an elegant villa, an apartment house or a commercial property? The property type determines the demand for a property and therefore the asking price.
How many rooms are there? Is there a basement and a large garden? Are there special features such as a terrace or a landmark view or a built-in sauna? Value factors such as these are very individual and important purchase criteria for buyers.
Last but not least, general supply and demand in the local property market significantly determine purchase price valuation. Our local agents at Engel & Völkers are knowledgeable about the current demand in your region, past transactions, and how it affects the value of your property.
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FAQ
Answers to frequently asked questions
We will be glad to prepare an on-site market valuation of your property. Contact us online and we will contact you soon with a possible date. It is free and non-binding.
Real estate agents have several standard valuation methods at their disposal, depending on the property in question. Those mostly used are the comparable value method, real value method, and income value appraisal method. The comparable value method is effectively used at EuV when evaluating properties due to the large database of comparable sold objects. The specific values compared are location, furnishing, size, layout and in commercial properties also rental income and length and volume of transaction. Engel & Völkers real estate agents review prices of comparable properties.
Every property is unique! When evaluating a property on site, the Engel & Völkers real estate agents can take individual features and details of your property into account during valuation. The agent values the special history behind each property and understands the "hidden values" of your property.
We will undertake an extensive valuation based on our extensive database, years of experience, and local market expertise. Our sound valuation takes into account the full potential of your property and contains a detailed market and target group analysis in order to achieve the high possible sale price.
A precise valuation by Engel & Völkers takes approximately 2 to 10 days or longer depending on the individual parameters of the property.
At Engel & Völkers, protecting your personal data is our priority. To receive your free valuation for your property, you will only have to share with us your full name, e-mail address, phone number as well as a few necessary property details.
We strictly process your personal data according to law provided by the EU’s General Data Protection Regulation. For the exact content, reason, your right of revocation and measures, please refer to our privacy policy.
