If you are planning to sell or rent out your property, it is important to know the value of your property. A property valuation can help you determine the right price for your property. What documents should you have ready for a property valuation?
Basics of real estate valuation
A property valuation is based on various factors such as the location, size, condition and features of the property. The valuer will take a close look at the building and the surrounding area and assess the various features. He will also look at comparable properties in the area to get a realistic assessment of the value of your property.
Real estate valuation: Checklist
- Land register extract
The land register extract is an important part of the property valuation as it provides information about the ownership structure of a property. It contains information such as the name of the owner, the area of the property, any encumbrances such as land charges or easements and any third-party rights. This information is important for the valuation of the property, as it can influence the value of the property. A property that is encumbered, for example, will be worth less than one that is unencumbered. An extract from the land register also provides information on whether the property is fully owned by the seller and whether there are any discrepancies or disputes regarding ownership. - Building plans and building permits
Building plans and building permits are important documents for the property valuation, as they provide information on how the property was built and whether it complies with the applicable regulations.
The construction plans provide information about the size and layout of the property, as well as the type of construction and materials used. They can also contain important information about whether the construction is earthquake-proof or whether there are special requirements for fire protection.
The building permits confirm that the property complies with the applicable regulations and that all necessary permits were obtained before the property was built. These documents are important because they show that the property was built legally and that it is safe and habitable.
- Energy certificate
The energy performance certificate is an important part of the documentation required for a property valuation. It indicates how energy efficient the building is. The energy performance certificate rates the energy efficiency of the building on a scale from A to G, with A representing the highest and G the lowest energy efficiency.A high energy efficiency rating can help to increase the value of the property, as an energy-efficient building generally has lower operating costs and offers a higher quality of living. A low energy efficiency rating, on the other hand, can reduce the value of the property, as modernization measures may be required to reduce energy consumption.
An energy performance certificate is also an important factor for potential buyers or tenants who are interested in an energy-efficient building. It is therefore important that this certificate is available and up-to-date in order to satisfy potential buyers and increase the value of the property.
You will also need the following documents for the real estate valuation:
- Documents on the living space (e.g. floor plan drawings)
- Documents on the furnishings (e.g. photos of the bathrooms and kitchens)
- Documents on the location (e.g. information on the surrounding area)
It is important to have all the necessary documentation ready before you instruct a valuer. This will enable the valuer to make a more accurate and faster assessment of the value of your property.
