Why is a value update important?

A value update is the process of adjusting the value of a property or real estate portfolio to the current market status. In Düsseldorf, with a constantly changing real estate market, this is essential to enable an accurate assessment of the current market value. Factors such as market developments, changes in the surrounding area, the condition of the property and legal changes are all taken into account.

Benefits of updating the value

In Düsseldorf, a value update is important for owners, investors, banks and insurance companies. It serves to determine the current market value for sale, purchase, refinancing or insurance purposes. It is also necessary for accounting and tax purposes to enable a realistic assessment of the assets.

Methodology of the value update

The preparation of a value update in Düsseldorf includes a thorough market analysis and consideration of current trends in the real estate market. Experts assess the property in terms of location, size, condition and furnishings and compare it with comparable properties. They also check whether there have been any significant changes to the surroundings or the property since the last valuation.

What documents do we need for a value update?

Various documents are required to carry out a value update in Düsseldorf: the last valuation report, current land register extracts, dimensioned floor plans for construction work, building descriptions, information on renovations or modernizations, rental agreements and energy certificates. These documents are crucial for an accurate and market-driven valuation of the property.

Experts for carrying out a value update

In Düsseldorf, 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 the latest valuation methods. Their qualifications and experience ensure an objective valuation in line with the market.