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Valuation

Why is your flat worth buying or renting?

· Updated ·

Text from 2019. Laws, rates and prices may have changed since then. Ask an agent

why is your flat worth buying or renting?

When we decide to sell or let a flat, we usually set about writing a good advertisement or looking for an estate agent to help us. Perhaps you should consider why your flat is worth buying or renting? We encourage you to make a list of the flat's advantages. The features you notice can significantly affect the price of the property. Identifying the flat's strengths will let you compare your property with competing listings. You will then estimate the value of the property and see the strong points of the unit. This will help you attract new clients and promote the listing.

Location matters

The attractiveness of your listing is not affected only by the condition of the unit or the building. Property prices largely depend on the location and surroundings. Every city has its own standards. Flats in the centre or in prestigious, popular districts gain in value. Remember to highlight the location in your advertisement if it is favourable. Investors also appreciate the surroundings. Nearby stops, car parks, schools, larger shops, parks and places of entertainment and culture work in your favour. People also appreciate the condition of the roads in the town and the neighbouring towns.

Renovation and furnishing

Every advertisement states whether the flat has been refreshed or needs renovation. How well the property has been prepared affects its price. Renovated, modern flats are of course more expensive. Clients' preferences on this are, however, varied. Some want to decorate the flat to their own taste, so they prefer to save on the purchase. But when it comes to renting a flat, a furnished and renovated property will bring us a much greater profit. A flat that has not been renovated can lose as much as several dozen thousand PLN in value. Young people often care about time and comfort. A flat with basic furnishings and equipment that needs no renovation is a listing worth considering. Others are usually ruled out at the outset. It is therefore worth making minor improvements to the flat, renovating it and leaving some appliances in it, so that the flat gains in value both when rented out and when sold.

READ ALSO – HOW TO PREPARE A PROPERTY FOR SALE?

Why is your flat worth buying or renting – the technical condition of the building

Value is affected not only by the condition of your flat, but also by that of the building it is in. Heating is another important point. The most popular are flats with so-called central heating. At the same time, they achieve the highest prices. The floor on which the unit for sale is located is also important. The least valuable properties are those on the ground floor and the top floor of the building. If the building has been renovated and insulated, your flat has also gained in value.

SEE FLATS IN KATOWICE KOSTUCHNA

We hope that our tips will influence your view of the unit for sale. It is worth paying attention to the property's strengths.

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