The client has to order the Property Valuation after having aknowledge the price of the service
The valuator needs to visit the property to indentify all aspects and factors that would impact the valuation, collect infomration such as floor plans, energetic passport, ownership certificates….
The valuator has to note alll aspects in the most objective possible mannor
He needs to indetify key factors such as
A) exact location of the property, this means the exact street and its surroundings,
B) the condition of the building: not only its exterior aspect, but also the pipes, the balconies, the terraces…
C) energy consumption: has become more and more important ans impacts onsiderably the value of a property
D) orientation: key factor. In Luxembourg south oriented properties have more value that north oriented. But for exemple in southern countries, it can be totally the opposite.
E) distribution: how well the habitable surface is used
F) amenities: contrarily to what most owners think, the property amenities have not an important impact on price. Only important o luxury amenities have a real impact on price
Once all the information is compiled, the valuator has to make the calculations following at least 3 modelling methods.
Once the final value is obtained, the valuator needs to write the report where he/she has to reason and explain her methodology and results
The valuator has to show proofs of all his asumptions and reasoning.
The valuation has to be signed by the valuator
Finally the valuator has to present the valuation to the client.
HOW LONG DOES IT TAKE?
