Large apartment No. 11: Top offer with discount and without a broker!

Large apartment No. 11: Top offer with discount and without a broker!

In Cologne, real estate owners and those interested in buying are facing an exciting opportunity these days: an attractive apartment in the heart of the city comes to auction. Apartment No. 11, located on the right of the 2nd floor, offers a well thought -out room layout on 112.83 m², which appeals to both families and singles. Equipped with a hall, a modern kitchen, shower/toilet, a bathroom as well as three rooms and a cozy living room, it also offers two balconies that invite you to relax. A cellar compartment and an underground parking space complete the offer. According to WohnGlück the building was only built in 2016 and it is heated environmentally friendly about district heating.

But the picture is not too perfect: minor construction defects can be detected in the building that interested parties should consider before buying. What is special about this accommodation is the possibility of auctioning it up to the responsible district court. The market value is 589,800 euros, whereby there could be a possible estate of up to 30 %, which means a purchase price of attractive 412,860 euros. With such a price-performance ratio, good business for clever investors could open up here.

value and market transparency

But how is the market value of a property determined? According to Bandichtwerte-deutschland.de Several factors play a role: the location, the current market and neighborhood composition. The expert committees determine the property values in order to ensure transparency on the real estate market. Good traffic connections and the availability of everyday business, such as supermarkets and schools, increase the value of a property, while noise pollution from railway tracks and other negative environmental factors can reduce it.

In today's world, it can be determined that the condition and age of the property are as decisive as the number of rooms and living space. Recent real estate usually have a higher market value, which undoubtedly favors apartment No. 11 in Cologne. In order to increase the value as best as possible, it is advisable to think about modernizations before selling or auction. According to studies, clever investments through renovation measures often increase the value considerably.

The correct procedure for value

How do you determine the market value exactly? In addition to the typical market situation, the comparison value procedure, the real value procedure and the earnings value procedure are used. According to drklein.de , experts can use these procedures to determine the market value very precisely. The condition of the property and emotional values do not matter, it is only about the market value at the time of the valuation, which can also change at any time.

With the right approach to the valuation and local market skills, a new owner of the apartment mentioned could now not only find a new place to stay, but also invest in a potentially valuable property. If you are interested, you can contact 0221-97459790 between Monday and Friday from 8 a.m. to 8 p.m. and on weekends from 10 a.m. to 6 p.m.

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