Importance of updating the value

A value update is the process of updating the value of a property or property portfolio. In Munich, where the real estate market is constantly changing, this is particularly important in order to accurately capture the current market value. Aspects such as market trends, changes in the environment, the condition of the property and legal changes are taken into account.

Why is a value update necessary?

In Munich, a value update is crucial for owners, investors, banks and insurance companies. It helps to determine the current market value of a property for sale, purchase, refinancing or insurance purposes. It is also essential for accounting purposes and tax matters to ensure an accurate asset valuation.

Steps to prepare a value update

The preparation of a value update in Munich includes a detailed market analysis and consideration of current trends in the real estate market. Experts assess the property based on its location, size, condition and features and draw comparisons with similar properties on the market. They also examine 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 Munich: 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 performance certificates. These documents are crucial in order to determine the property value accurately and in line with the market.

Qualifications for carrying out a value update

In Munich, value updates should be carried out by certified real estate experts or qualified real estate appraisers. These experts 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.