In order to be able to sell your property, it's essential to properly value your residential property. To do this, you need to take certain steps into account. Open Up helps you evaluate your property, a key factor in selling under the best possible conditions.
There are a number of criteria involved inestimating the value of a property. First of all, the nature of your property: apartment or house, and its state of occupation. Of course, the property's architectural quality and general condition are also very important: the type of heating, its age, its surface area, the number of floors and rooms, as well as its exposure and location are all determining factors.
In any case, to get the best valuation of your property, you need to assess its strengths and weaknesses. How do you do this? Starting from the average market price, simply analyze your property. If it has strengths, it will be overpriced; if the opposite is true, it will be underpriced.
Paris is a secure destination for real estate investment, and we can provide you with a turnkey solution for finding the property of your dreams or creating a new history in a home that suits you.
A justified price
It's important to have a real vision of your property. Make sure you don't overestimate or undervalue it. A seller's tendency is to overestimate the value of his property because of his emotional attachment to it. They are often looking to make a profit. Buyers, on the other hand, are more likely to undervalue a property by finding the slightest defect, in order to better negotiate the price.
Real estate valuations are also affected by demand, and depend on the buyer's expectations, which are unpredictable. Your property may be priceless to one person, but passable to another.
To find out if your vision is right, simply take the middle ground. This will give you a certain estimate that you can check against the market price.
Good to know: if you manage to find the right price, your property will sell within 85 days on average , depending on its location.
Environment and location, important factors
To estimate your property correctly, bear in mind that its value perm2 can vary from one street to another, and even from one building to another. Within the same perimeter, there can be considerable price differences.
The notoriety of the area and its frequentation are elements to be taken into account. The resulting feeling of security is not negligible. So, whether your property is located in a residential area, close to public transport and shops, or in an insecure part of town, the estimate will be different.
All these factors influence the estimate.
The intrinsic characteristics of your property to be taken into account:
The quality of construction and renovation depends on the nature and choice of materials used: noble materials such as stone and granite - light materials or those of mediocre quality are to be taken into consideration. Renovation requirements depend on the characteristics of the property. It is advisable to maintain a certain consistency in terms of space optimization plans and choice of materials. Open Up can advise you on renovation from the moment you purchase your property.
The state of maintenance of your property is a decisive factor to consider whenassessing its value. Neglected maintenance increases the decrepitude of the building; on the contrary, regular maintenance partly corrects the depreciation resulting from the age of the building. Open Up offers property maintenance services to combat obsolescence and the resulting loss of value due to lack of regular maintenance when you don't live there. Contact us
Home automation, alarms, air-conditioning, security and hygiene are also features that are taken into account. The presence of a swimming pool, a balcony, a garden, an outbuilding... will have a real positive impact on the estimate.
Class of building:The state of maintenance of the common areas and the architectural character of the building should be taken into account.
Legal factors: architectural servitudes, rights of way, occupancy status, listed buildings, etc. Don't overlook these essential points.
ECD and Standards
It is sometimes necessary to seek professional advice in order to correctly estimate the cost of any renovations. This estimate will make your sale request more serious in the eyes of potential future buyers, and your property will be all the more attractive for it. Without this indication, future buyers are likely to want to considerably lower the sale price, particularly when your property needs to be brought up to the latest electrical standards, and also when the DPE is not in the right category.
In fact, a new, more restrictive rating system was introduced on July 1, 2021. The DPE is a mandatory diagnosis that ranks your apartment in terms of energy performance and greenhouse gas emissions.
It's important to keep abreast of changes in current legislation.
ECD :
Measures imposing a triple obligation of means on the sale of goods from January 1, 2022:
- Obligatory energy audit in addition to the DPE when selling or putting up for sale
- Mention in advertisements and deeds of sale of the obligation to have at least an E rating
- Theoretical energy costs in sales ads
Measures required for rental :
From January 1, 2021: First constraint
- Rents on F- or G-rated properties cannot be freely increased between two tenants in tense areas
From January 1, 2022: Double obligation of means
- Advertisements and leases must include a minimum E rating.
- Theoretical energy costs in advertisements and rental contracts
From January 1, 2028: Definitive constraint
- F- and G-rated properties cannot be rented out
PLEASE NOTE: The future CCC bill should make it impossible to carry out a rent review during the lease term for properties classified as F or G.
Electrical standard :
If you see the work you need to do as a small-scale renovation project, such as bringing your electrical system up to standard, it might be a good idea to do it yourself. But don't count on it! Standards are constantly evolving, and only a qualified professional electrician can provide you with the consuel that will certify your new installation in the event of a line opening by EDF.
Entrust us with your property:
We draw up an opinion of value with a reasonable price range. This appraisal determines the market value in the event of the property being put up for sale, but cannot be used in the context of a donation or inheritance, and can under no circumstances be considered as an appraisal.
Laws are constantly changing. For this reason, it's important not to underestimate the benefit and advice your real estate agent can offer you.
Open Up has the skills and high-performance tools toevaluate the price of a property , taking all these specific features into account. You'll get afair valuation of your property.
As a professional, we will define the most appropriate price to sell your property quickly and at the best price.
We'll also provide you with effective solutions to enhance the value of your property and help you sell it as quickly as possible. You'll benefit from all our advantages and services.
Our estimates are free in Paris. We advise you to contact us for a coherent estimate before placing your property on the market. We'll analyze your property within 24 hours and give you a price estimate. To take advantage of this service, simply fill in our property valuation form at the bottom of the page.
Reminder of the documents required for a sale :
- Deed of ownership
- 3 AGM MINUTES
- Property tax
- Annual energy consumption
- Technical diagnostics (wood-eating insects, lead asbestos, electricity, gas, dpe, Carrez, sanitation (individual or collective), merula, radon).
Then, depending on the case :
- Title deeds
- Notarial deed
- Lease, Agreement for rented sold accommodation
- Urban planning documents (PLU -POS-RNU-CC)
- Property statement
- Land registry
- Administrative authorizations (PC-DP)
- Consultation with local planning departments (risk prevention plan, planning regulations, etc.).
- Planning permission for a house
- DO insurance / decennial warranty
- The subdivision (regulations - specifications)
- Condominium by-laws - AGM minutes (last 3 years)
Lexicon :
- SHON: former name for floor area (before 2012)
- SHAB: Habitable surface area
- POS: land use plan (before 2021)
- PLU : Plan local urbanisme
- COS: land-use coefficient (no longer in force)
