What is meant by a value update?

A value update is the process of updating the value of a property or real estate portfolio. In Cologne, where the real estate market is constantly changing, this is particularly important for an accurate assessment of the current market value. Factors such as market trends, changes in the environment, the condition of the property and legal changes are taken into account.

What is the purpose of a value update?

In Cologne, a value update is essential for owners, investors, banks and insurance companies. It determines the current market value, which is required for sale, purchase, refinancing or insurance purposes. An up-to-date valuation is also important for accounting and tax purposes to ensure an accurate asset valuation.

Value update process

The preparation of a value update in Cologne includes a comprehensive market analysis and consideration of current real estate trends. Experts assess the property based on its location, size, condition and features and compare it with similar properties on the market. They also check whether there have been any significant changes to the surroundings or the property since the last valuation.

What documents are required for a value update?

Various documents are required to carry out a value update in Cologne: the last valuation report, current land register extracts, dimensioned floor plans for construction work, building descriptions, information on renovations or modernizations, rental contracts and energy certificates. This information is necessary to determine the property value accurately and in line with the current market.

Authorized experts to carry out a value update

In Cologne, value updates should be carried out by certified real estate experts or qualified real estate appraisers. These experts have detailed knowledge of the Berlin real estate market and are familiar with current valuation methods. Their qualifications and experience ensure an objective valuation in line with the market.