Real estate blog - News and interesting facts from Passau

What is my property actually worth? This is a question many owners ask themselves when considering a sale. A property’s market value depends on numerous factors. In addition to location, other key factors include living space, the condition of the building, energy efficiency, and current market trends. Those who understand the factors that determine value can better assess their property and optimally prepare for the sales process. In this article, you’ll learn which criteria significantly influence property value and why a professional property appraisal makes sense.

Anyone looking to buy or sell a property in Passau or the surrounding area will quickly come across various valuation methods. The most commonly mentioned are the sales comparison approach, the income approach, and the cost approach. But what do these terms actually mean? In this article, we explain the three most important valuation methods in simple, easy-to-understand terms and show when each method is used.