What is a value update?

A value update is a process in which the value of a property or real estate portfolio is brought up to date. In view of the constantly changing real estate market in Hamburg, this is particularly important in order to obtain 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.

Why do you need a value update?

In Hamburg, a value update is very important for owners, investors, banks and insurance companies. It is used to determine the current market value for sale, purchase, refinancing or insurance purposes. An up-to-date valuation is also essential for accounting and tax purposes in order to ensure a realistic assessment of the assets.

How is a value update prepared?

The preparation of a value update in Hamburg 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 in the current market. They also check whether there have been any significant changes in the surrounding area or to the property itself since the last valuation.

Documents required for the value update

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

Who can carry out a value update?

In Hamburg, 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 ensure an objective valuation in line with the market.