In my view for RE the market value is only for marketing purposes and for loan Applications. For practical purposes every RE unit is unique and most often even in same building.
Even though you can try to find out the market value, it’s always tough to find exact comparison.
Real estate price = land price + construction price + quality of materials + which floor + view + layout + new/old + Energie rating + sunshine etc etc.
When it comes to Real estate , I think the focus should be on cash flows, budget, affordability etc. The price is what it is. If you ask me the whole market is very expensive. But if it’s overvalued , it’s tough to say
Would be curious to know the outcome of this evaluation.
In my experience, these newbuilds are take it or leave it, but the market could be different there. If it’s a fair price, you might call them to find out all units are long sold.
If not, I’d further check carefully and discuss the details to determine what’s included and which additional costs you might expect. For any changes you make, what’s the budget for kitchen etc.
Personally, I’d find the bed rooms and baths too small. Would also be interesting to see how you can fit this gym on the picture in that room downstairs But that’s got nothing to do with price.
UPDATE - Spoke to them and they only evaluate property (for free) if you want to sell. They do not have a service (even a paid one) to evaluate a property for buyers.
Seems like the online evaluation by the lenders (banks, etc.) is the only source of information on the valuation.
Worth a try but I’d look on the website of the municipality who’s on the taxation comitee and if there’s an architect in there, call them to see if they’d be willing to do a (paid) assessment of the project/property for you (as your agent, not as a member of the taxation comitee).
Sorry for beeing OT, but:
Entrance is where 2 sleeping rooms are. Entrance is a “public” area, the sleeping rooms are private. Where is the warderobe for the dirty shoes?
The master bedroom might have a good size, but the (kids?) rooms are small, 8-12m2. It is very common, but I dont understand it: Parents usually spend way less time in their room.
Honestly, our kids- rooms aren’t much bigger but we have 100m2 living surface. With 180m2 surface I would like to have more living space rather than this extended storage options in the basement.
I absolutely agree. Furthermore i‘m trying to figure out where my future second child will shower… When buying for 1.3millions there should at least be another bathroom instead of 2 in the bed.
Google and reference projects on the GC’s website. You could visit a completed project and talk to one of the owners there. Most people are happy to help.
Another thing to be aware of: It is customary in such contracts (Werk-Kaufvertrag) to assign the defect rights from thr general contractor to the buyer. This may sound good, but it is not. This is because the buyer then has to claim directly against the sub contractor in the event of a defect. The buck is then often passed around… The plumber says it was a planning error, the plumbing planner says it’s the architects fault, … In the end, you have to sue several parties. It is therefore essential to retain your rights vis-à-vis the general contractor.
In principle, however, it is certainly less risky in terms of construction risks to purchase an existing apartment.
but 2 shower rooms are inside the rooms. The other one is very very very small. A guest bathroom at least in my opinion. I just think the bathroom in EG is way to small.
Banks need to do some due diligence before lending in a construction project. Of course it does not prevent one from doing it but it should give you some additional security.
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But that’s got nothing to do with price.