What affects the price of the apartment
When buying or selling an apartment you want to achieve the best price. Different factors can affect the price of the apartment. Meet the most important and find out what you can expect on the market.
Factors affecting the price of the apartment
Location
You will often hear that there are three factors for determining the price of a property - location, location and location... This is not far from the truth, but the attractiveness of the part of the city in which the property is located can be changed in proportion to the level of investment in the infrastructure, so that in the estimated market value of the property, we take care of everything in its surroundings.Structure, Square Meters, Floor and Flooring
Each client, depending on needs, has an opinion on these factors, which certainly affect both the initial price and the one that will be agreed at the end of the negotiations. However, the apartments that could be sold in no time are the small ones, on lower floors and in lower buildings, because they can always be sold or rented quickly. The square meter of such an apartment will always be somewhat more expensive than the square meter of a larger apartment, on the same floor, in the same building.Functionality of the Space and Appearance of the Apartment
Functional apartment is one in which all rooms enter from the lobby. Sometimes such a layout is disturbed by the redevelopment or demolition of walls, due to the needs of the owner. It should be taken care with such interventions, because in the case of selling an apartment, the price of returning the property to the original condition can reduce the selling price of the property.
A great role in the sale of the real estate has its appearance. It is very important that the space be clean, ventilated and tidy, because otherwise, many customers are not able to fully see it.
Appearance, Height and Age of the Building
All customers, and especially those who buy more expensive properties, pay special attention to the look of the building, and it is not always easy for tenants to maintain facades, as this is usually very expensive. Also, the state of the entrance, corridors, elevators and basements is very important.
As for the height of the building, most of the customers in our country prefer it when the buildings and floors are lower. However, there are more and more those who choose high floors, with a nice view and a greater degree of privacy. In any case, you will get the higher price for the apartment in the building of a proper façade, which has 5-6 floors, from the same one in a skyscraper, on the higher floor, or in a building that requires the facade or entrance renovation. When it comes to the age of the building, everything depends on the affinity of the customer, and for a good impression, the state of the building is much more important than its age.
Position of the Apartment, Eviction Date, (Un) Registered Real Estate
It's not the same to sell a flat under a slab, in the attic space with a view of the sky or in the basement, and e.g. apartment on the second floor, overlooking the greenery, the river, the park ... its clear where the square meter is more expensive.
An important factor affecting the price of a square meter may sometimes be the eviction date, or the payout rate. Sometimes, customers are willing to pay a higher price if the apartment is quickly or immediately vacant.
One of the key factors for determining the price of a property is the Excerpt from the Real Estate List. The property that is registered to the owner is the most desirable and safest to buy. All owners of real estate (regardless of how they are acquired) must take into account the fact that they have a legal obligation to register their property rights on real estate.
IMPORTANT: The right to ownership of the real estate is acquired by entering the Real Estate Cadastre!