Having an approach or, at least, an idea of how to determine the value of a property, whether to buy or sell, is very important because it will give you control of your assets and security in case you want to make a transaction with it.
Although doing real estate business is not part of your day to day, we believe that you should know how to value a good. Therefore, we mention and explain the factors that are considered to define the cost of a property.
The location
This factor is held as the most important as far as well root is concerned. The price per square meter will vary depending on the entity where you are, the demand of the area, the degree of development of the surroundings and the density of the population.
The environment
In this part we refer to the services of the interior and exterior of the good, such as light, water, green areas, among others. In addition, elements such as surrounding shopping centers, adjoining buildings, the proximity to important access roads also influence the cost of ownership.
surface
The total area of your property is differentiated between the covered and uncovered area by determining the amount of construction within a plot of land and the total area.
Construction
The age of the building of the property and its solidity make up this point, as well as the finishes and the quality of these that the property contains.
Functionality and view
It takes into account, to a lesser degree, the natural lighting that can enter the property, as well as the view it has. On the other hand, the distribution of spaces and their level of functionality are considered.
Property Type
Another very influential aspect to determine the price is whether it is a house or apartment. And, in the second case, the price per square meter will be different if the building has amenities and common areas.
We see that there are several factors to determine the value of your property and, comparing with others you can get to have an estimate, however, each one has its particularities that can significantly influence the resulting price.
