Value of a house in Varese: what does it depend on?

Establishing the price of a house for sale is never easy, as it is subject to various parameters. Some of these are constantly evolving: the trends in the real estate market, the economic situation, the transformation of cities itself, with the birth of new neighbourhoods or infrastructures that end up affecting the attractiveness of a property. Other elements, on the other hand, are more stable, and represent excellent indicators for evaluating the correctness of a property valuation.

In this article, we try to clarify five aspects that affect the value of a property, always considering that each property has a history of its own, and that only a professional in the sector can correctly evaluate the various parameters. This is why relying on the professionals of Engel & Völkers is certainly the ideal solution to successfully complete the purchase and sale of a house for sale in Varese and its province.

When it comes to evaluating a house for sale in Varese and its province, the first aspect to consider is its location. Each city has its own values, and the latter can change significantly from neighbourhood to neighbourhood. Varese and its province are excellent choices for those looking for a property. If in the capital the apartments in the centre are highly sought after - but the properties located in the trendiest residential districts are no less - the tranquillity and comfort of the services of the independent houses for sale in Varese province have seen a significant increase in interest in the last 24 months.

The second crucial aspect to take into consideration is the state of the property. Not only inside, but also in the common areas. In the case of dated condominiums, for example, the conditions of the facades and the roof are not negligible elements. While a recently renovated property certainly has a higher real estate value than another that needs a major renovation. However, there is the downside: the bonuses for renovations and energy efficiency in some cases can entice the buyer to choose houses on which to intervene, precisely to take advantage of these bonuses.

The third element that is instinctively associated with the value of a property is its size. Among the houses for sale in Varese and its province, for example, the most sought-after properties are the three-room apartments. Good-sized apartments, therefore, which even the recent pandemic has enhanced as more liveable and comfortable.

Buying a house is certainly an important moment. If position, state of the property and size are the first parameters that influence the choice, however, what makes us fall in love with a house are all those aspects that we could define as pluses. Fundamental elements even more in the prestigious properties that represent the fulcrum of the offer of the Engel & Völkers real estate agencies. What do we mean by plus? Aspects such as the view, the presence of outdoor spaces (balconies, large terraces, gardens), the fine finishes, an optimal distribution of the rooms, but also the presence of a lift and parking.

There is a last parameter, which is becoming more and more relevant, and it is that relating to energy efficiency. A highly topical issue that affects the market value of a property and that increasingly interests potential buyers, looking for houses with the highest energy classes, able to guarantee lower heating costs (and summer cooling).