Property valuations

The valuation of property and real estate is a procedure that is regulated by legal stipulations by which a market value for developed and undeveloped properties / real estate is determined as of a set date on the basis of a normal business transaction based on a sound foundation of economic, legal and construction specialist knowledge.

Market value assessments

The current value, market value or fair market price is the estimated price that can be achieved for a property / item of real estate in an economy that is subject to the forces of the market. The determination of the market value is done on the basis of Article 194 of the German Baugesetzbuch [Building Code]: "The market value is determined by the price that could be attained at the time as which the valuation is being made and within the scope of normal business transactions in accordance with the legal circumstances and actual properties, the other qualities and the location of the property or other item whose value is being determined without any regard for unusual or personal relationships."

Short assessments

The short assessment as the first step towards determining the value.
A short assessment is drawn up in a similar form as for a "market price valuation." The main difference is that the written elaboration is restricted to only the main points and thus only runs to around 10 to 15 pages. As a consequence of this, obviously not all the aspects can be listed or described in detail. In addition, and to minimize the costs, the client provides the relevant construction and official documents required for the market valuation.

Checking of valuations

It is known from empirical investigations that almost 50% of the building damage assessments and market value assessments have deficiencies or errors. These deficiencies / errors range from a discrepancy in the day taken for the survey and on-site visit up to the incorrect application of the DIN Standard regulations and the use of incorrect methods for determining the value.

Examination of appraisals and evaluations as a
Check up

A detailed examination of market value assessments is as a rule very time-consuming and costly. The market value assessment to be checked is broken down to its basic elements. This is then subjected to intensive scrutiny so as to be able to list subsequently the deficiencies and errors, together with the corresponding corrections that have been made. There is a less costly variation that is done as a check up by examining the layout, structure, methodology and traceability. Any deficiencies and errors that are found are shown in the form of a checklist with the corresponding explanations so that the reader is given a valid and solid basis for a decision as a first step.

Expert opinions

An expert opinion is an instrument for the clarification or answering of technical and / or business questions. An expert opinion can vary in its scope from the answering of questions concerning the current guideline value for the land or the dew point in a component up to answering questions about the possible market value when looking at possible scenarios or determining the cost of decontaminating an industrial building.

Examination of construction defects and building damage as a check up

A detailed examination of construction defects and building damage is as a rule very time-consuming and costly. Frequently the question is asked: "Does the issue in question concern construction defects or building damage or do the causes come down to usage or behaviour? " The proven way to answer this question right from the start is to carry out a check up as the first part of the examination. In the course of just such a check up it is usually possible to not only make an initial statement regarding possible causes but also to keep within the required cost limits regarding the detailed checking and the production of the appraisal. In this way the reader can have at his disposal a sound basis for making a decision regarding any further action to be taken.

Valuations in accordance with International Financial Reporting Standards (IFRS)

The International Financial Reporting Standards (IFRS) are international stipulations for billing for companies that are published by the International Accounting Standards Board (IASB) with the aim of regulating the drawing up of internationally comparable annual and corporate accounts without them being affected by the relevant local national regulations. The IFRS have been specified for use in numerous countries, as at least for companies that are oriented towards a capitalist economy.

Due diligence reviews

A due diligence review, which is often shortened to due diligence (DD) in English legal and business jargon, is a risk assessment that is carried out "with all due care," which is basically carried out by the buyer when purchasing real estate. Due diligence reviews (in the sense of "with the due care required by a prudent businessman") analyse the strengths and weaknesses of the property in question and the corresponding risks and therefore play an important role in the valuation of the property.

Location analyses

A location analysis is an essential factor for a successful commercial business or a property with a special use. In the course of the micro- and macro-considerations the possible sales potential is determined from the catchment area, centrality, frequency of the public, factors increasing the frequency of visitors, competitors in the immediate and extended vicinity and a large number of further parameters, which among other things form the basis for the forecast of sales and profits that is to be drawn up.

Valuations of sports, horse riding and leisure facilities

In addition to the classical information required for determining the market value of a property, when determining the market price for sports, horse riding and leisure facilities a great deal of information that goes far beyond the classical information pool for property valuation is required. This is determined primarily from the company concept, the operating structure, the operational processes and the ecological circumstances.

Leasing and rental valuation reports

Creating a leasing or rental appraisal requires a special degree of knowledge, technical skill and experience to make a soundly based estimate of the rent, rental value (potential yield) of a property that will be used for residential or commercial purposes. In particular in the case of commercial properties, where by contrast with residential property the legislator permits the parties involved a high degree of flexibility regarding rents and the form of the contracts, it is especially relevant to have the required know-how and specific experience.

Building damage assessments

A fast and detailed investigation is indispensable in the case of building damage such as dampness, mould or cracking. The appraisers determine the cause and the extent of the damage, indicate possible ways to deal with the damage and for renovation, and determines the costs that will be required for this.

Arbitration reports

We can be on hand for you as an independent arbitrator to resolve conflicts. The arbitrating appraisers assess the points that are the subject of the dispute from an external perspective for an economic and/or technical view in an arbitration report and thus contribute to avoiding lengthy and expensive litigation.