Factors forming the value of the property

With the increasing activity in the real estate market and the jumps in house prices, it is important to understand what are the leading factors behind the formation of the price of our property. There are three main factors that determine the value, and subsequently the price, of a property.

In the first place we can put the location that has the most serious weight for the formation of the market value of a property. When talking about location, it is important to take into account factors such as transport accessibility, distance, environment, parks, different types of shops, as well as schools, kindergartens and playgrounds, sports facilities. Attention is also paid to the water supply, electricity and gas transmission network. When the location of the property is defined as "good", then the price of the home is higher

New construction properties are preferred by buyers not only because of the service life, but also because of the good condition of the common areas, facades and the ability to provide their own parking space. Great attention is paid to the quality of the materials used. It is important whether the property is finished - when completed "turnkey" the price is higher than when completed at the level of plaster and putty. Dwellings that are after major repairs or improvements are also preferred and are therefore offered at a higher price.

The optimal distribution of the premises in a property is also important for the price.

In the new construction there is a combination of kitchen and living room in one common room, which optimizes the space in the apartment. In the old construction there are warehouses available, which are also functional. Apartments with spacious and large rooms are increasingly in demand due to the need for space, and accordingly such homes are at higher prices, as they are quite attractive in the current pandemic situation. The exposition of the property is also important.

In order to realize a property at the highest possible price, it is necessary to trust professionals in the industry. It is important to get a real price for the property in question, because if it is too high, the property will be offered for a long time without any results. If the price is lower, the property will be sold quickly, but not at the desired maximum price.

This is a reason to look for an experienced consultant who will prepare for you a market analysis, based on which the pricing of the property to be within its optimal limits. Also, we can contact a licensed appraiser to give an opinion on the value of the property after an expert appraisal and on this basis the home to be priced.