The value of a property can vary considerably depending on several criteria: location, the property’s features, the surroundings, the level of demand... To value your house or flat correctly before putting it on the market, follow the recommendations of BIV Immobilier, your estate agency in Liège.
Which criteria should you take into account when valuing your property?
The property’s location
In town or in the countryside? This is often one of the most decisive factors in the valuation of a property. Properties located in dense urban areas or in up-and-coming neighbourhoods generally attract more buyers.
The total floor area
Potential buyers often look for a good balance between living space and the asking price. The number of rooms, and especially bedrooms, also matters a great deal.
The age of the property
An older property certainly has charm, but it often requires renovation and good upkeep. Newer or renovated properties can therefore justify a higher price.
The general condition of the property
Work to bring the property up to standard (electrics, insulation...), maintenance and improvements make your property more attractive than one that needs major work.
The quality of the finishes
The materials used in your house or flat generally also influence its value. A modern, well-equipped kitchen and bathroom, or a beautiful wooden parquet floor in your living room, can for example push the price up.
The local property market
Look at the property listings in your area and examine the prices of properties similar to yours, through estate agencies or specialist websites (Immoweb, Immovlan...).
The EPC (PEB) certificate
This document, which is compulsory when selling a property in Belgium, shows your property’s energy performance. A good energy rating is an asset and can increase the sale price.
Proximity to amenities
Properties located near public transport, roads, schools, shops, cultural venues and green spaces are generally more sought after.
Having a garden
A garden adds value to your property, especially in town. Its size also matters a great deal. Keep your garden well tended before putting your property on the market!
Estimated price vs listing price
The estimated price is generally based on an objective analysis of all the factors mentioned above, whereas the listing price can be influenced by other elements: the seller’s motivation, property market trends,... The price you choose to advertise may therefore differ. Bear in mind, however, that a listing price that is too high can put buyers off.
Call on the expertise of an estate agent
Your estate agent is out in the field every day and knows the current trends in your neighbourhood inside out. They take care of advertising, organising viewings, putting the files together and the administrative follow-up, but that’s not all. They are also a useful adviser for any owner wishing to sell their property quickly and at a good price. Following a precise analysis of your house or flat, they will generally suggest a minimum, an intermediate and a maximum sale price.
Active since 1949, BIV Immobilier is the agency you need in the province of Liège. Entrust us with the sale of your property!
