Assessment of the market value of real estate yourself

Everyone who at least once bought an apartment was faced with the desire of the owner to show it in the most beautiful form. But the desired is not always true. That is why there are several rules that must be followed when examining a future apartment, because a real estimate of the market value of real estate may be much lower than its owner thinks.

assessment of the market value of real estate

sunlight

Inspect the apartment exclusively during the day. No visits in the evening or early morning! If the owner has free time only after 18 hours, please postpone the inspection to a day off. True, in this case there is a risk of getting a distorted picture of the region’s noise, which is usually clearly visible on weekdays. But still, in doing so, you can be sure that the assessment of the market value of real estate, in this case, the future apartment, will be most accurate.

Location

After visiting the apartment or before it, do not forget to walk in the surrounding area. So you will have a clear idea of ​​the level of infrastructure development. Assessment of the market value of the property necessarily includes a similar check. Agree, if the nearest supermarket is at a distance of 5-10 km, this should reduce the cost of housing.

assessment of the market value of the property
Pay special attention to the ubiquitous grandmothers while away from the benches at the entrance. They will best describe the advantages of the area and the house itself, or vice versa, point out all the disadvantages. And at the same time, you will learn almost everything about the apartment seller and future neighbors. It will also not be amiss to take an interest in the work of the Housing Office, about the features of the heating season, possible shutdowns of hot water or light, the last major overhaul of the house and other issues that interest you. Remember, the assessment of the market value of real estate is your concern!

Inspection of the apartment

As mentioned earlier, the assessment of the market value of real estate can only occur in sunlight, it will most fully show you the shortcomings of future housing. And if the owner refuses, then you should be wary: what can he hide?

real estate market valuation
Pay special attention to the ceiling of the future apartment. If it is freshly painted, do not vigorously rejoice at redecorating. Perhaps the roof is leaking in the house or the neighbors from above constantly forget about closing the water taps. Check the water pressure and the performance of the plumbing. Remember to check the wiring. Bring an electric kettle with you and boil water: if it boils for a very long time, this can mean regular voltage drops. Inspect the walls. If they are too thin, then, firstly, it indicates poor sound insulation, and secondly, possible cold and dampness. Take a look under the wallpaper: if you find a fungus there, it means that the room may have been empty for a long time or is poorly heated and not ventilated.

Professional help

If you have done all these actions, but have not yet decided whether the market valuation of the property is correct, you should contact the professionals. Many NA licensed for this type of activity, or private appraisers will be happy to provide you this service, of course, for an appropriate fee.


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