5 things that influence the value of your property

There are several reasons why the value of a property can rise or fall, depending on various factors. Here are some key points that can influence property value:

1. Location: The location of a property is one of the most important factors that determine its value. A central location in an attractive neighborhood with good infrastructure (such as schools, stores and public transport) can significantly increase the value. In contrast, disadvantages such as noise, poor air quality or specific local problems can reduce the value.

2. Condition of the property: The condition of the property is crucial. Well-maintained and modernized properties are often worth more than those in need of renovation. Renovations and modernizations can increase the value of a property, especially if they increase energy efficiency and comfort.

3. Size and layout: The size of the property and the layout of the rooms also play a role. A well-designed floor plan that meets modern standards can increase the value, while impractical room layouts can reduce the value.

4. Features and amenities: Luxurious features such as a pool, sauna or high-quality kitchen appliances can increase the value of a property. However, the running costs and maintenance requirements of such amenities should be considered as they may deter potential buyers.

5. Microlocation and environmental factors: The specific micro-location of a property within a city or neighborhood can have a significant impact on value. Factors such as views, noise pollution, proximity to green spaces or industrial areas can affect or increase the value.

6. Future developments: Planned developments in the area surrounding a property, such as new infrastructure projects or urban development projects, can have a significant impact on the value of a property. This can be both positive and negative, depending on the type and extent of the development.

7. Legal and financial aspects: Restrictions such as rights of way, heritable building rights or contaminated sites can reduce the value of a property. Tax burdens or high property taxes can also have a negative impact on the potential value of a property.

However, these factors should not be viewed in isolation, but often interact with each other. A holistic understanding of these influencing factors is therefore crucial in order to determine the realistic market value of a property.