New Construction Property for Sale in Orihuela Costa Alicante
How does the economic valuation of a property work in Spain?
Let's start by saying that the assessment of housing is the economic valuation of a property. You know what aspects are taken into account to realize it? In this article we give some clues.
When applying for a mortgage to buy a home you need to hire a property appraisal for the bank to know the percentage of funding granted depending on the value determined by the appraiser.
The appraisal is made taking into account the state of the market, ie supply and demand at any given time about those buildings. Pricing is usually done by an architect or technical architect. This candidate, however, does not act in isolation. That is, you should not think that housing pricing is subject to the hiring of one person or another.
The architect is a member of an appraisal company, which provides you with the technical means needed to carry out its work. Once the appraisal of housing, in addition, the company values the quality of work performed. Thus the operator can maintain their independence and ensure that housing pricing is done without coming into play their particular interests.
When set the market value, ie, the net purchase price of a property, the appraiser takes into account a number of factors:
State Property.
At this point in the value of homes, the architect looks at what the condition of the entire building, including the external appearance. For this it verifies that the building has undergone the necessary inspections. It also takes into account if it has made a rehabilitation of this or not.
Features of the building.
The more features a property has, the greater its value. The building count with elevator, for example, is something that is valued very positively.
The size in square meters.
Once inside the property, the amount of square meters as it holds is fundamental. Obviously not all square meters are equal and depends greatly on the condition in which they are.
Room layout.
Besides taking into account square meters, the distribution thereof is measured. Excess long corridors or voids negatively affect pricing housing form.
Lighting and landscape.
One of the things that are taken into account in the assessment of housing is the light that the property has. It is something that buyers value a lot, so the higher it is, the more you increase the price of housing. Also, if through windows are beautiful views, the appraiser will assess it positively.
Area where the property is situated.
Finally, all cities are more important than other areas. It is a factor that directly affects the price of a property. The more central and better connected, more value.
Vincent Real Estate, check out our properties New construction in Orihuela Costa.
In Vincent Real Estate we are a family business with a team of experts in real estate totaling a combined experience of 60 years. We offer a wide range of real estate services covering all stages of the purchase of housing.
Check out the catalogue of our website where you can find houses with different characteristics in different areas of Orihuela Costa, as well as elsewhere in the Costa Blanca and Costa Calida.
Contact us and we'll help you with anything you need related to the purchase of your home.
