Appraisal of apartments
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At Tecnitasa, we stand out as a reference in the sector of property valuation, thanks to our extensive experience and a team of highly specialized professionals. Our valuation and appraisal services ensure an accurate and detailed estimate of the price of your property, essential for purchase and sale operations, mortgage management or inheritance planning.
As an approved appraisal company, we provide total transparency and security, offering the necessary confidence for any real estate transaction. With Tecnitasa, every step of the process is carefully designed to provide you with the best support in the competitive Spanish real estate market.
>What is a property appraisal?
The appraisal of apartments is a technical and professional procedure that estimates the mortgage or market value of a residential property. This value is calculated based on multiple variables, such as its location, characteristics and general condition. This process is essential for:
- Determine the sale or rental price of a property.
- Obtain mortgage financing.
- Manage legal processes such as inheritances or property divisions.
Its relevance lies in providing an objective and precise reference, indispensable for real estate operations.
> Factors influencing the appraisal of apartments
The value of an apartment depends on several aspects that go beyond the appearance of the property. Below, we analyze the main factors:
Location and environment of the apartment
Location is a determining factor in any appraisal. An apartment located in central areas or with close access to essential services (such as schools, hospitals and public transportation) will have a significantly higher value than one in less developed areas.
State of conservation
The age of the property and its state of maintenance have a direct impact on its value. Apartments with modern installations, recent renovations or high quality materials are more valuable than those that require renovations.
Size and distribution
The living area is a key factor in the appraisal. However, the layout of the space can be as influential as the size. Apartments with good functionality and area utilization tend to fetch a higher value, even if they are smaller.
Building height and orientation
The height and orientation of the apartment affect its value. Penthouses or apartments with panoramic views tend to be more in demand. South orientation, which guarantees more natural light, is especially valued.
> Why is it important to appraise an apartment?
An official appraisal offers multiple advantages for both buyers and owners:
Determination of the market value of the area
An accurate appraisal helps to know the real price of the apartment in comparison with other similar properties in its surroundings, avoiding overvaluations or below market prices.
Guarantee support in legal and financial processes.
The appraisal is an indispensable requirement for legal procedures, such as the division of assets in cases of inheritance or divorce, and to support financing transactions such as mortgage applications.
Maximizing the price in the sale or rental market
A competitive price, based on a professional appraisal, facilitates the quick sale or rental of the property at advantageous conditions.
Security in the face of real estate market fluctuations
In an industry with variable prices, having a well-founded appraisal reduces risks and ensures safer investment decisions.
> How do we appraise your apartment at Tecnitasa?
At Tecnitasa, we apply a detailed and rigorous protocol to ensure that each appraisal is accurate, transparent and in accordance with current regulations.
Our process is designed to provide a professional valuation adjusted to the reality of the market, offering a solid support in any real estate management.
Contact us and request your appraisal for professional and high quality results.
> Benefits of hiring a professional apartment appraisal service
Having a specialized apartment appraisal service guarantees accuracy and objectivity. The main benefits include:
- Unbiased and realistic estimate of the value of the property.
- Reports accepted by banks, courts and public administrations.
- Facilitates fair agreements in situations of legal or family conflicts.
Discover our residential real estate appraisal services
In addition to apartments, Tecnitasa Group offers appraisals of all types of residential real estate. Its specialist team
applies specific criteria for each type of property, adapting to the particular needs of its clients.
Latest news on the residential market
Check our blog for up-to-date news and specialized articles on the residential real estate sector. We offer information on trends, market changes, regulations and advice for owners and investors in this segment.
Tecnitasa Group has a wide network of more than 50 offices, which allows it to take on projects thanks to its expert team in residential real estate appraisals, ensuring accurate reports adapted to each market.
Frequently asked questions about apartment appraisals
How long does it take to appraise an apartment?
Once the appraisal process has started and the technician has visited the property, the process lasts between 3 and 7 working days until the report is delivered, provided that there are no incidents.
Is the appraisal valid for any purchase and sale procedure?
In Spain, the validity of an appraisal for a real estate purchase and sale procedure is mainly regulated by the Law of Building Management (LOE) and by specific regulations such as Order ECO/805/2003, which establishes the bases for the performance of real estate appraisals for official purposes, including purchases, mortgages and other transactions.
If the appraisal is for a purchase and sale, it must be prepared under the criteria of Order ECO/805/2003, provided that its purpose is official, as in mortgages or provision of guarantees to financial institutions. In case it is an appraisal to know the market value, it is recommended to follow the ECO/805/2003 regulation, however, it can have other related aspects that do not belong to the regulation, as it could be a RICS valuation.
How valid is an appraisal?
A mortgage appraisal made under Order ECO/805/2003 is generally valid for 6 months. After this period, the appraisal could be considered outdated and require a new appraisal, especially if it is a financial transaction.
Is an appraisal useful for tax purposes?
The appraisal may be relevant for the calculation of taxes such as Transfer Tax (ITP) or Value Added Tax (VAT) in the case of new properties.
What if I do not agree with the valuation of the apartment?
If for any reason you do not agree with the value resulting from the appraisal of the apartment, you can ask the appraiser to carry out a review, which will check the report again to ensure that the value provided is correct.
However, as they are regulated by the ECO/805/2003 regulation, the values are impartial and are justified by the characteristics of the apartment, seeking to make the appraisal as accurate as possible from the very beginning, so that the value does not usually vary.
Is an appraisal mandatory to apply for a mortgage?
An appraisal of the property is mandatory in order to apply for a mortgage. This requirement is regulated by Spanish legislation, specifically in Law 5/2019, of March 15, 2009, regulating real estate credit contracts, and in Order ECO/805/2003, which establishes the appraisal rules to guarantee transparency and security for both the borrower and the financial institution.
What is the approximate price of a professional appraisal of an apartment?
The price of an appraisal varies depending on factors such as location and type of property.
In Tecnitasa Group, we offer competitive rates, ask for your budget without obligation and trust a company with more than 40 years in the sector.
