How to know the market price of an apartment

What affects the cost of the apartment

The main parameters used to evaluate the apartment are the area, the type of house, the number of rooms, the area, the floor. But, if we are talking about the area, it should be taken into account that the apartment in the house located next to the industrial area will cost less than the one whose windows overlook the park. If there is a metro station nearby, this increases the price of the apartment, but if the line passes under the house, this price falls accordingly.

It is easy to determine the type of house if it is not of old construction: it can be “stalinka”, “Khrushchovka” or “log”, as well as panel houses of certain series and typical brick buildings that were being built in the 60s and 70s. When the apartment is located in an old building, the year when the building was erected is taken into account and its condition, the presence of major repairs, the material of the floors, the condition of the entrances, $ front and stairs, availability of parking space.

For typical houses, an important parameter is the number of rooms in the apartment, and for buildings of the elite category more important area.

The floor on which the apartment is located is also important, but there are some nuances. If it is a typical house located in the depths of a block or on a quiet street, the first and last floors will cost less. But if the house stands on a busy thoroughfare and the apartment on the ground floor can be transferred to a retail space or it is located on the top floor of a high-rise, from which there is a chic panorama, such the apartment will cost more.

How to estimate the real value of an apartment

To estimate the market value of an apartment, do a comparative analysis by looking at specialized publications and Internet sites, as well as ads that sell similar apartments in houses located in your area. If you have new neighbors who have recently bought an apartment in your house, talk to them and make an amendment to the current situation, because prices don’t stand still.

There are Internet services where you can estimate the cost of your apartment in the on-line mode.

You can also contact the realtor by phone and name the main parameters of your apartment. According to sales experience and available databases he will be able to easily “navskidka” call the lower and upper limit of the value of similar apartments. The upper bound takes into account the cost of “realtor” interest for services, you can target the average.

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