A property valuation is an essential stage in the sale of a flat or house. An accurate valuation allows you to set a fair price, which optimises the sale time and guarantees favourable conditions for the transaction. On the other hand, an incorrect estimate can be detrimental to the sale: a price that is too high may discourage buyers, while an underestimate may result in a financial loss for the seller.
Property valuation methods
- Self-appraisal
If you prefer not to call in a professional, you can estimate your property yourself. It is advisable to compare your property with other similar properties in the same area. - Online estimate
For a quick and easy estimate, our agency provides you with an online tool. In just a few minutes, you can obtain a reliable estimate of the value of your property. This tool takes into account a number of criteria such as surface area, location, condition of the property and other essential factors to provide you with an initial estimate. - Direct estimate:
For an even more accurate estimate, you can call on our services. You’ll benefit from a free valuation, carried out directly in your home by one of our qualified professionals. We take into account all the specific features of your property to provide you with a detailed valuation, while advising you on the best options for optimising the sale.
Advantages and disadvantages of different estimation methods
| Estimation method | Benefits | Disadvantages |
|---|---|---|
| Self-assessment | Zero cost, accessible at any time, gives you a better understanding of the local market | Limited accuracy without expertise, risk of comparison errors |
| Online estimate | Fast, easy to use | Basic estimate, requires validation by an expert for a definitive estimate |
| Direct estimation | Local expertise, taking into account all specific criteria | Appointment required |
Key criteria for a reliable estimate
The valuation of a property is based on several essential factors:
- Property characteristics
The type of property (house, flat), its general condition, its surface area, the number of rooms and floors, as well as any exceptional features (balcony, swimming pool, etc.) are determining factors in assessing its value. - Location and environment
The location of the property, its proximity to shops and schools, and its general environment have a major impact on its value. - Market demand and trends
Fluctuations in the property market, buyer demand and current preferences also play a role in the valuation of a property.
Estimates by type of property
- Valuing a house
Houses are generally valued according to criteria such as location, size of plot, presence of a garden or terrace, and demand in the area. - Valuing a flat
For a flat, the valuation also takes into account the interior layout, the condition of the communal areas, the presence of a lift, and the location within the building. - Estimating a rental property
For a rental property, the valuation is based on its rental yield. This involves calculating the gross or net rate of return and analysing rental demand in the area.
The impact of the work on the estimate
The work required on a property can affect its value. In fact, carrying out renovations can increase the value of your property before you put it up for sale. It is therefore advisable to compare the valuation of the property with and without the work to maximise the return on your investment.
Advantages of carrying out work before selling
Some simple works, such as bringing your property up to electrical standards or improving insulation, can make it more attractive without requiring a large budget. Our experts will guide you in estimating the value of your property in its current state or after renovation.
Conclusion
Valuing a property correctly means first and foremost bringing together several sources of reliable information: an analysis of the local market, the property’s characteristics (surface area, condition, location, services), and a comparison with similar recent sales. Calling on our agency also enables us to refine this estimate, taking into account the reality of the property. A fair valuation is the key to selling as quickly as possible and at the right price.
➡ Advice : Tanit Immobilier supports you at every stage of your property project, providing you with reliable and personalised estimates, whether via our online estimate tool or by calling us directly. Don’t hesitate to contact us on 04.22.46.01.01 for more information!
