The need to update the value

A value update is a procedure in which the value of a property or a real estate portfolio is updated. In view of the constantly changing real estate market in Frankfurt am Main, this is important in order to obtain an accurate assessment of the current market value. Factors such as market changes, changes in the environment, the condition of the property and legal adjustments are taken into account.

Why do you need a value update?

In Frankfurt am Main, a value update is essential for owners, investors, banks and insurance companies. It helps to determine the current market value for sale, purchase, refinancing or insurance purposes. It is also important for accounting and tax purposes in order to ensure a realistic assessment of assets.

Preparing a value update: a guide

The preparation of a value update in Frankfurt am Main includes a detailed market analysis and consideration of current trends in the real estate market. Experts assess the property in terms of location, size, condition and features and compare it with similar properties on the market. They also analyze whether there have been any significant changes in the surrounding area or to the property itself since the last valuation.

Documents for the preparation of a value update

Various documents are required to carry out a value update in Frankfurt am Main: the last valuation report, current land register extracts, dimensioned floor plans for construction measures, building descriptions, information on renovations or modernizations, rental agreements and energy certificates. These documents help to determine the value of the property accurately and in line with the market.

Qualified persons for value updates

In Frankfurt am Main, value updates should be carried out by certified real estate experts or qualified real estate appraisers. These professionals have extensive knowledge of the Berlin real estate market and are familiar with the latest valuation methods. Their qualifications and experience guarantee an objective valuation in line with the market.