How To Estimate The Cost Of An Apartment

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How To Estimate The Cost Of An Apartment
How To Estimate The Cost Of An Apartment

Video: How To Estimate The Cost Of An Apartment

Video: How To Estimate The Cost Of An Apartment
Video: How to Estimate Project Costs: A Method for Cost Estimation 2024, November
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A professional appraisal of the cost of an apartment is a laborious process. In specialized firms, appraisers are required to receive education, work experience and work competencies. However, it is quite possible for any person to estimate the cost of an apartment on their own. The main thing is to know where and what to look for. Although this amateur estimate will not be 100% accurate, it will still be reliable enough to know the price of an apartment.

Everyone can estimate the cost of an apartment
Everyone can estimate the cost of an apartment

It is necessary

Internet access, newspaper ads, notebook

Instructions

Step 1

The most sold apartments belong to the secondary housing market. Therefore, we will evaluate them. Buy a newspaper or go to its website in the "Real Estate" section. Most often, real estate objects are grouped by location and typical characteristics.

Step 2

Choose several apartments that are approximately similar in description to the object that you want to evaluate. Write down their prices in a notebook. The resulting price range will roughly correspond to fluctuations in the average price of an apartment. This price can already be guided by.

Step 3

In the past few years, intermediaries in the real estate market have become very active. Most of the ads in newspapers are ads from real estate agencies. They work for a commission that is added to the price. Thus, apartments are becoming somewhat more expensive. Therefore, for reliability, reduce the average cost of an apartment obtained by 5-10%. The apartment is appreciated!

In fact, we have just described a simplified version of the comparative approach method used by specialists when it is necessary to estimate the cost of an apartment.

Step 4

If you live in a large city, in addition to the method described above, you can use an online appraisal of the cost of apartments. There are a lot of services on the network that allow you to calculate the price based on the filled fields with the characteristics of the property. True, the accuracy of this estimate will not be ideal, but, nevertheless, it is quite reliable for determining the cost of an apartment.

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