Spacious bright penthouse with large roof terrace

There are three standardised methods for determining the value of real estate in Germany: the comparative value method, the capitalised earnings value method and the asset value method. The aim of the valuation is to determine the market value of the property.

The responsible expert committee evaluates all property sales and uses them to determine location-specific "standard land values", which are generally published every two years. These averaged prices apply to average plots of land in a defined area with a specific development potential at a given point in time.

This depends, among other things, on the value of the property in conjunction with the tax allowances. Consultation with a tax advisor or accountant with corresponding costs is advisable.

The architecture of the 20th century was essentially shaped by four architectural styles. The design and conception of each architectural style depended on the technological and constructive possibilities of the time.

Excellent market knowledge is essential for the valuation of single-family homes. In Germany, an owner-occupied single-family house is generally valued using the asset value method (§§ 21-23 ImmoWertV).