Real estate appraisals in Frankfurt, the state of Hessen and throughout Germany
As experienced real estate appraisers based in Frankfurt, we provide you with customised appraisals for your properties in Frankfurt, the Rhein-Main region and across the whole of Germany. Our appraisals are tailored to suit your purpose and individual requirements. For example if an appraisal is required for financial reporting or for tax purposes, the content of our report would reflect the relevant statutory requirements, guidelines and ordinances, in order to provide you with an audit-proof document.
A market value appraisal is often required in the event of a prospective property purchase or sale. The same applies to property bequests or bank financing secured on a property. The classic reasons also include the calculation of an insurance value for insurance purposes. Irrespective of the reason and purpose for the appraisal: our reports are always characterised by their impartiality and credibility.
Thomas Kral
– FRICS, RICS Registered Valuer –
Independent real estate appraisers in Frankfurt and beyond
As independent real estate appraisers, we value your property in an unbiased and professional manner. We filter the information provided to ascertain the relevant details in order to form a qualified view of your property.
We will provide you with a customised and detailed appraisal report tailored to the specific purpose of the instruction, which will also be comprehensible to third parties. The process and rationale for assumptions will be explained in detail, which contributes to the transparency of our real estate appraisal reports.
The description includes details from the land register extract and any rights and encumbrances together with a value-relevant assessment of the location and building description, including the concept, fit-out and state-of-repair. We also include a land value apportionment and essential appendices such as maps and photographs.
We provide a summary analysis of the strengths and weaknesses of the property. Depending on the type of property, the appraisal itself is based on one of the three approved valuation approaches. The relevant methods are the sales comparison approach (typically used in the case of residential property and undeveloped sites), the cost approach (typically used for single and two-family residential properties) and the income capitalisation approach (typically used for multi-family residential buildings and commercial properties).
Your real estate appraisers based in Frankfurt – we understand what’s important to you
The three appraisal methods in Germany are outlined in the German Property Valuation Ordinance (ImmoWertV). Depending on individual requirements, we are also able to carry out appraisals in accordance with international methods (comparison method, investment method, depreciated replacement cost method) and produce English language reports.
Your instruction will be processed on a careful and discreet basis as property appraisals are typically also a matter of trust. We are able to bring our significant experience and knowledge to the table. This includes also a high degree of professional commitment. Our proven qualifications and track record of satisfied regular clients is evidence of the quality and professionalism of the real estate appraisals carried out from our Frankfurt office.
Frequently asked questions
How are real estate appraisal reports prepared?
Our real estate appraisals are prepared on the basis of a multitude of primary data and secondary information provided by owners, authorities, market reports and our own research and calculations. We work totally independently of any brokers or other interested parties with fee positions. We work exclusively on your behalf. After our initial conversation, we select the appropriate method, which best serves the purpose and objective of the individual instruction.
Which documents are essential for a real estate appraisal?
In order to prepare a meaningful real estate appraisal, we typically require the address and registered parcel number(s) of the property, land register extract(s), location/cadastral plan and floor layout plans. In the case of multi-family residential buildings and commercial properties, we also require a rent roll with information on the occupied areas and letting information such as rents. In any event a calculation of residential/usable areas is very useful too. In the case of the appraisal of condominium apartments, we require the shared ownership deed and in the case of operational properties such as hotels, we also need key operating data such as revenues and profit and loss accounts. We will provide a list of required documents at the start of the instruction.
How long does it take to produce an appraisal report at our Frankfurt office?
That depends above all on the quality of the documents provided and the complexity of the property. The work required to prepare an appraisal report is dependent on the type and size of the property and the quality and currency of the documents provided. We would be happy to agree a time plan with you, and make every attempt to comply with more urgent deadlines. In the case of basic properties, the work would typically take around 2 weeks from instruction and 3 to 4 weeks in the case of larger building complexes.
What are the principal factors affecting an appraisal report?
A real estate appraisal carried out by our company reflects all relevant key data. The most important factors for the assessment of the land value and building value naturally include the location and surrounding area, the state of repair, the building concept and fit-out, local building law and in the case of leased properties also lease contract information. The regional property market is also heavily influenced by economic conditions, demographic factors and interest rates in the event of property financing.