VIACCURATE APARTMENT VALUATION FACTORS
The most standard way to assess the price of an apartment is based on the following factors:
Location of the project
An apartment with a beautiful, prime location is often more expensive than projects located in an unfavorable location. A beautiful location in the inner city, on large roads, with a perfect surrounding infrastructure system will be considered a golden position. Especially the location Therefore, the selling price of the apartment is also higher.
Normally, the price of an apartment will depend on the price of land on the street of that apartment. According to some surveys on apartment projects when they are open for sale, the apartment price is about 30-40% lower than the land price.
Project progress
The progress of apartment project construction depends on the capital and capacity of the investor. To be able to carry the suitcase into the house on time, it is extremely important to ensure the construction progress. On the other hand, progress also affects the selling price. When the work is in the early stages, the foundation is completed, the rough construction is about 20-30% when you order an apartment, you can own it at the original price. When the project is in the stage of rapid and stable construction, the selling price will be higher than the previous sale. And when the apartment is completed, the selling price compared to the first phase can range from 15-20%.
Available infrastructure
Location determines the infrastructure in the area where you live. Therefore, the experience of buying an apartment that you cannot ignore is to consider the infrastructure in the vicinity that you intend to buy, see who your neighbors are, who will decide to come. quality of life and future property value.
Legal factors
Legal factors when buying an apartment is extremely important. Choose apartment projects with clear purchase and sale contracts, 20% rough construction or at least completed foundations, located in areas where many apartment buildings live. However, if you have enough financial conditions, then choosing the completed apartment is the most suitable.
Work quality
The purchase and sale contract clearly shows the quality of the work such as: the type of materials used in the construction and finishing process. You should also review and compare with other projects. Normally, apartments will be classified by grade to evaluate standards such as utilities, location, planning, elevator. In addition to the quality of the work, you should consider the quality of the interior of the apartment when handing over if the apartment is handed over with wall-mounted furniture or full furniture.
Location of the apartment in the apartment building
There is a difference in the price of apartments by floor. Apartments from floors 8-16 are always traded at a higher price than other floors. And often high-rise floors are more popular, and original apartments are also more expensive.
Balcony direction
When buying an apartment, the factor that many people care about is the direction of the main door, the direction of the balcony, the window ... must be suitable for the year of birth, in accordance with feng shui. Some people choose apartments with beautiful balconies, overlooking the park, garden, river, sea… to enjoy the cool air in summer and warm in winter.
In terms of area
The selling price of apartments also increases according to the usable area. Apartments have different area designs with 1-3 bedrooms. Two-bedroom apartments with an area of 60-85m2 are the choice of many people. Apartments with an area of about 70m2 in the corner position with 2 open sides and located on the 8, 9, 12, 16, 18 floors will have a higher price.
Those are some ways to calculate and appraise apartment prices, hopefully you will have useful information when researching apartment prices.
Source: Batdongsanocn.com
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