Calculate the value of your property online - how it works

1. Enter the property data

   The first step is to select the building type, enter the specific features of your property and data such as the year of construction and the plot area.

2. Submit the online form

   Once you have entered the property information, submit the online form. The calculator will then automatically determine the value of your property in just a few seconds.

3. Receive the property value

   You will immediately receive the analysis and value estimate for your property. If required, an Engel & Völkers expert will contact you to carry out an individual valuation of the property on site.

The most important facts about calculating the property value in brief

• The property value is important in order to be able to sell a property at the optimum price.

• Numerous factors have a far-reaching influence on the valuation.

• The value can be increased through various measures.

• Several methods are used to calculate the value.

• A property valuation may be required for various purposes.

• The property value can be determined online or on site at any time.

Why it is important to determine the property value accurately

It makes sense to determine the property value as accurately as possible in order to achieve the highest sales price in a sales process. If the price is set too low when selling a property, this will result in financial losses. It is not uncommon for buyers to be prepared to accept a higher purchase price. However, if the desired amount is set too high, this also has disadvantages. It is then more difficult to find a prospective buyer and the property is on the market for an unnecessarily long period of time.

These factors influence the value of the property

There are numerous factors that influence the value of a property and property sales. These include:

1. Location of the property

2. Type of building

3. Age of the building

4. Size of house and plot

5. Structural condition

6. Equipment of the property

7. Insulation and heat generation

The location of the property

The location of the building is a key factor that affects the property value. Some locations are more attractive, for example due to a good infrastructure, nearby shopping facilities or favourable transport links. Other locations, on the other hand, are less attractive, for example due to direct proximity to industrial plants or a lack of public transport. The location in a particular region or neighbourhood can also have a positive or negative impact on the property value.

In order to determine the exact value of a property, both the micro-location and the macro-location are included in the valuation. The macro-location describes the location of the property within a region or city. Economic factors can play a role in this valuation, as can the general attractiveness of a region. The micro-location takes into account the immediate surroundings of the property, such as the direct neighbourhood, the surrounding buildings or the available infrastructure for daily needs.

The type of the property

The respective type of property is also one of the decisive factors in determining the property value. For example, it makes a difference whether the building is an apartment block or a detached house. Whether the house is detached, semi-detached or terraced also has an influence on the property value. Demand on the market differs depending on the type of property. Buildings such as detached single-family homes are often more attractive than a terraced house, for example.

The age of the building

The year of construction of a building also influences the value of the property. Older buildings usually have a lower standard of fixtures and fittings than is usual in modern houses today. The building's insulation often no longer meets today's standards either, resulting in higher heating energy requirements. Last but not least, certain building components only have a limited lifespan and need to be replaced after a few decades.

The size of the house and plot

A decisive factor in the calculation is the available space of the respective property. A larger living space increases the value of a property, as the building or flat can be used for more diverse purposes. If you want to sell a house with a plot of land, the size of the plot also influences the value. In order to determine the property value, it is therefore essential to specify the living space and plot area.

The structural condition

The value of a property rises and falls with its structural condition. If the building and land are in a poor and unkempt condition, the value of the property will also fall. Potential buyers pay attention to the condition of the building in order to avoid expensive refurbishment - as do property experts and valuers when calculating the value of a property.

The features of the property

It makes a difference to the property value whether the existing fixtures and fittings are new and of high quality or outdated and basic. This can apply, for example, to the fitted kitchen, the sanitary fittings in the bathroom or the flooring. Accordingly, a particularly high-quality finish increases the property value considerably.

The fixtures and fittings of the property

It makes a difference to the property value whether the existing fixtures and fittings are new and of high quality or outdated and simple. This can apply, for example, to the fitted kitchen, the sanitaryware in the bathroom or the flooring. Accordingly, a particularly high-quality finish increases the property value considerably.

How the property value can be increased

Do you know the most important value drivers of a property? If so, you can influence the factors that increase the property's market value by taking a number of measures. Some points require a certain amount of effort, while other steps can be taken relatively easily

You can find value-enhancing measures in the following table:

But very important: In addition to the features of the property itself, it is also important to present the property in a high-quality manner. Whether you want to sell a residential house, a commercial property or a flat, the expertise of an experienced estate agent is a great help, especially when it comes to an appealing presentation. We will be happy to advise you - contact us and we will assist you with the sale of your property.

When the property value needs to be calculated

Calculating the value of a property can be necessary for many reasons. For example:

• You want to sell a property or have an asset overview drawn up.

• When giving a property as a gift, you need to know the value of the property in order to calculate the gift tax accurately.

• A property is bequeathed and divided among several heirs.

• In marriage contracts, the property value can be used to transparently determine the value that a spouse brings into the marriage. In the event of divorce, both spouses are entitled to half of the increase in value.

Procedure for calculating the property value

There are various methods for calculating the market value of a property. Depending on the type of property, property experts use the following methods

1. the asset value method

2. the capitalised earnings value method or

3. the comparative value method

Determining the value of the property using the comparative value method

In the comparative value method, the property value is determined by comparing it with similar properties. For this purpose, purchase prices of recently sold properties with the same characteristics and in a similar location are used. This method most accurately reflects current events on the property market. It is often used for flats or terraced houses.

Valuation using the asset value method

In the asset value method, the value of the land and the asset value of the buildings are used. Valuers determine the land value by multiplying the standard land value and the plot area. The material value of the building is made up of the production costs of the building and the reduction in age value. To determine the asset value, add the land value to the building asset value and multiply by the market adjustment factor. The formula is: (land value + building asset value) x market adjustment factor = asset value

Calculation using the capitalised earnings value method

The income capitalisation approach is primarily used to determine the market value of rented or commercially used properties. The focus here is on the income that the property is likely to generate. Numerous data such as the condition and location of the property are included in the valuation.

Determine property value online or on site

You would be surprised how quickly and easily property valuations can be carried out online using the Engel & Völkers valuation tool. The property value can be determined with just a few clicks after entering the property data. Find out for yourself.

• This type of online valuation is ideal if you want to get an initial overview of the property value.

Estate agents carry out the valuation even more precisely. They can incorporate all the individual features of the property in question into the valuation on site.

This type of valuation is ideal,

• if you want to have the property value calculated precisely in order to achieve the best possible price.

• if you want to define a sales strategy with experts.

The experts at Engel & Völkers will guide you through all phases of the property sales process and make the sale of your property a success - contact us and our experts will get back to you.