Factors that add or subtract value to a property

The optimum price at which a property should be marketed is not always clear to see when the marketing process begins, neither for the owners nor for the buyers. This is why it often takes time to reach an agreement that satisfies both parties. It’s also why it’s important to know the objective factors that add or subtract value to a property, and it is advisable to have the advice of professionals for its appraisal. In ATIPIKA we have more than 20 years of experience in real estate appraisals and valuations in Barcelona, Castelldefels and Menorca. The following is a summary of some of the factors that affect the appraisal value of a property. Surface area, orientation and distribution The size of the property is one of the most visible factors that affect its valuation. It is necessary to take into account both the usable area and the constructed area, which includes the area occupied by enclosures, partition walls and structural elements. However, in addition to the square meters, the orientation and distribution of the property can be of great importance. Its orientation will determine the hours of natural light it receives, and will also affect its habitability and air conditioning costs. On the other hand, a comfortable distribution will favor the appraisal, as well as the number of rooms and bathrooms. For this reason, it is recommended that a professional draw up a floor plan of the property. Location Location is another clearly important factor when it comes to pricing a property. Although each person will have their own subjective criteria to decide the location they want, there are a series of objective factors that will add value to the property in its appraisal; its access to public transport, its proximity to the city center or location on a main street, the presence of nearby green areas, and proximity to service areas such as schools, hospitals, shopping areas, sports facilities...   Construction materials and installations The quality of the materials used in the building and the house, and the quality of its finishes are important in determining the value. It is important not to overlook the verification of the materials used, especially in floors, walls, doors and windows, as well as the condition and quality of the facade of the building, the roof, the entrance, the common areas, elevator, garages and storage rooms, etc. These are factors that will greatly affect the valuation of the property. The lack of an elevator can be, for some apartments, one of the factors that most devalues its price, while a building that offers above-average services to the community will significantly increase the appraised value. Energy efficiency Energy efficiency, both of the home and of the building, is a factor that will be increasingly valued. The law obliges the owner to present the Energy Efficiency Label when selling or renting the property. This label will indicate the qualification obtained in letter and the energy consumption and the annual CO2 emission level in figure. Antiquity and state of conservation and renovation As a general rule, a greater antiquity will decrease the value of the property, although of course, there will be exceptions if it is a property with an excellent conservation. Another important thing is the reforms that have been made. A renovated apartment can be revalued between 10 and 15% more than the value of the renovation, especially if it is a complete renovation. The improvements aimed at improving energy efficiency, such as the replacement of windows, thermal and/or acoustic insulation, kitchen, bathroom and flooring renovations are the ones that increase the value of a house the most. All these are factors that will affect the value that will be given to your home after the appraisal. However, it must be taken into account that the method of appraisal of the house, as well as the factors of greater or lesser importance, will vary depending on the object of appraisal and the interest or purpose for which the valuation is made. Do not hesitate to contact us to inform you in more detail about the appraisal criteria that would be of interest for your property. ATIPIKA has more than 20 years of experience in real valuations in Barcelona, Castelldefels, Gavà Mar, Sitges, Garraf, prime Maresme areas: Alella, Cabrils, Teià, Sant Andreu de Llavaneres and all Menorca. Check out the section of our website where you will find all the details and tips to put your property for sale: We value your property - Atipika Lifestyle Properties Visit our website to know all our services and the properties we offer. ATIPIKA serves national and international clients, looking for the property you need with transparency and efficiency. You can contact us through our chat, send us an email or send us an email to info@atipika.com or call our telephone number 93-4815032.