Valuation of real estate: How to determine the real value in Hamburg!

Valuation of real estate: How to determine the real value in Hamburg!

The value of a property is crucial in various legal and financial contexts, be it in family law, inheritance, donations or sales. In Hamburg, the supply-demand dynamics and the land values ​​vary greatly in the individual districts. An expert property valuation is therefore essential to create transparency and avoid conflicts. Loud Lifpr, the valuation is carried out as a professional assessment of the market value by a qualified appraiser.

In Germany there are three legally recognized methods for determining value. These include the material value method, often for owner-occupied residential buildings, the income value method for rented properties and the comparative value method, which has proven particularly useful for condominiums and properties with many comparable properties. Depending on the type of property and the current market situation, appraisers can use different procedures, often in combination.

Reasons for a professional property valuation

There are many reasons for a professional property valuation. Whether in divorces, where the equalization of gains or the payment of a spouse has to be regulated, or in inheritances, where the division within the community of heirs and proof to the tax office are important. A fair distribution of assets among children or partners is also essential when making gifts. Last but not least, property valuation plays a central role in sales, realistic price setting on the market and financing, for example when securing collateral or refinancing loans. In the case of compulsory auctions, it serves as the basis for determining the market value by the enforcement court.

The influence of an appraisal can significantly influence both the price and the tax valuation. The various assessment factors that shape the property value include, above all, the location of the property, its size, year of construction, technical condition as well as equipment and energy efficiency. Legal burdens such as residential rights or easements as well as current use also play an important role. An existing right of residence or a rented unit can significantly reduce the market value.

Methods of valuation

For legally secure results, a certified or publicly appointed expert should be commissioned. Online valuations only provide rough guidelines and cannot replace a qualified on-site valuation. Particularly in sought-after inner-city locations, even a small difference in condition or use can have significant financial implications. A well-founded valuation is therefore important in order to avoid emotional or tax-unfavorable decisions.

The valuation is also necessary for house sales, real estate purchases, mortgage extensions and rental price adjustments. The Real Estate Valuation Ordinance (ImmoWertV) regulates the determination of market values ​​and a distinction is made between the theoretical value and the actually achievable price. Loud Immoportal The market value is determined by the price that can be achieved in normal business transactions.

In summary, an accurate real estate valuation is crucial not only for personal financial matters, but also for tax obligations and legal disputes. Third-party rights in the land register, such as heritable building rights or residential rights, can also have a negative impact on the value. An increase in value can often be achieved through minor repairs and modernizations, while comprehensive renovation work can also increase the value if it makes economic sense.