Sworn experts are available everywhere - the Chamber of Commerce
lists the addresses
Downside: Expert Reviews hardly liable for false
The comparison approach to valuation
The Cost Approach to Valuation
The income approach to valuation
Covert and detect hidden defects - how far does it go?
And what does such an opinion?
Sworn experts are available everywhere - the Chamber of Commerce lists
the addresses
What is a house really worth? The question of the "market value" on
everyone who wants to buy or sell a home. Depending on the particular
interests one wishes then that the value of the house is assessed as
low or as high as possible. Distributed throughout virtually the whole
of Germany there are "public appointed and sworn expert for the
valuation of undeveloped and developed land." The local Chamber of
Commerce will notify the appropriate addresses with you. The ladies
and gentlemen experts / engineers or architects are mostly internal.
That makes sense, just because they are uniquely qualified to detect
hidden or latent defects. So basically everyone is well advised to
raise the fees for such an evaluation before he falls for a building
that the seller has "glossed over" in order to achieve the highest
possible sale price.
Downside: Expert Reviews hardly liable for false
Proficiency examination before the Chamber of Commerce and swearing or
not: Even if experts there are serious differences in quality. So one
does well to be called from the experts at least three references. Are
you still fall for a bad reviewer, you're out of luck: Reviewers are
almost impossible to grab if you want to sue them for damages. Even
gross negligence, the BGH considered as a reason for a compensation.
There must be intent already in the game - and how do you prove that?
Now we want but do not paint the devil on the wall. As a rule, are the
reports that reflect the value of a property, a reliable help. You may
not even bother, that the internal report, which set up the banks, if
they are to finance a new building or buying a house, go out an
average of a 20% lower value than the one identified publicly
appointed expert. Banks want simply to secure such an extent that they
take any risks.
The comparison method of calculating the value
The assessor can the land and / or building value - ie the so-called
market value - determined by three methods. Simply the thing is, if he
wants to investigate a large row house or condominium values. There's
always the same type of houses or flats are sold, he can derive an
average for the current selling prices of a large number of
corresponding objects. In any case, he must see the object but also
thoroughly, for a townhouse to be evaluated can have very different
intrinsic values (eg elaborate marble bathrooms) and the other
similar houses did not have. The reverse is also true for defects such
as chipped decking, cracks in concrete, etc., etc. When comparing
methods, the location of the property, of course, plays an important
role. Houses in a quiet residential neighborhood are selling better
than those known to be directly behind the railway embankment.
The Cost Approach to Valuation
The asset value method found in § § 21-25 of the Valuation Ordinance
(WertV) its legal basis. The preliminary asset value is made up of
land value, building value and the value of foreign investments
together. The floor value is determined primarily in the comparative
value method, here is the location of the land is of great importance.
The building value of the reviewers identified because of the
production costs taking into account an impairment due to aging. On
the other hand, he must of course also the outdoor facilities, for
example, estimate that is a park-like garden, at fair value. And he
must take into account deviations from the normal structural condition
properly.
The income approach to valuation
The income capitalization method is described in § § 15-20 WertV
regulated and plays a role especially when a tenement is to be
evaluated. That may not always be a multi-family house - this can also
be a villa which is rented or leased to be. The income from such
property play in the mortgage lending by banks, but also a role in
matters of inheritance. The capitalized value is made up of the land
value and the capitalized value of the house. The value of the
building is determined on the basis of the yield. This is based on the
sustainable attainable annual net profit. This in turn results from
the gross income, ie rents and leases, net of operating expenses,
which are defined in § 16 para 1 WertV set. In determining the gross
income but are not based on actual rents, but the customary rents (§
17 para 2 WertV). This makes sense because a homeowner might otherwise
affect the gross profit any - as such that he rented a house to his
daughter at a cheap price or to his practicing as a specialist and
high-earning wife to a fancy price.
Covert and detect hidden defects - how far does it go?
A qualified expert has a flair for finding out what might be hidden
behind a fairly new-looking paneling. But it must go in a report to
determine the market value of a house not far and hit the outside wall
of a house about to determine how the facade was insulated. He may
also draw no air samples to be analyzed whether the air is polluted.
He will theoretically be able to, but he has no job and for that he is
not paid within its consulting activities. If he finds - even
tentatively - that a strange odor suggests mold growth (and reviewers
have a sharp nose), he will speak with the client about whether or not
the air should be examined for mold spores. Here then is another
expert came from this week. Similarly, if the roof has verwurmt. This
would have an additional evaluators to decide whether the wood tick
("wood worm") is still active, whether the roof can be repaired or
needs, etc., etc. Conclusion: with a market value appraisals, the
reviewers only judge what he sees and knows.
For land - even in built-up land - it may be necessary for specialized
experts will be called in to examine means of soil sampling,
groundwater sampling and soil gas investigations, the presence of
contaminated sites. However, it will only rarely be the case that an
assessor for valuation already on the "smell" of the plot draws the
suspicion that here might have once been a landfill, which is known to
cause decades of outgassing. Therefore, take a look at the land
registry is helpful to refer to, which had the property owner.
And what does such an opinion?
As well as architectural services, the fee is calculated according to
difficulty levels. So one does well to come to an agreement with the
consultant prior to commissioning, which will put it based on
difficulty level. Here are the fees, which we own discretion. You must
know that the charges may well decrease - namely, when a fair value
determination is to be determined only by reference to the property
value or return value. There are other discount options, which you
should discuss with your reviewer before.
