In a dynamic real estate market, among a huge variety of prices, it is worth understanding that these are not random, "judged" amounts. In fact, a well-priced property is based on several factors that may seem insignificant to some. Today we will focus on the analysis of these factors and try to explain why they influence the final valuation.
1. Location: Without a doubt, one of the most important determining factors. Proximity to the center and the presence of green areas, shops, schools and other amenities in the area have a key impact on the value of the property. The more attractive the location, the higher the price.
2. Standard of the apartment: The condition and finishing of the property play a significant role. The condition of the building, the quality of materials used during renovation and the interior furnishings may significantly affect the price. A property kept in excellent condition and to a high standard will always be more expensive.
3. Type of market: The distinction between primary and secondary markets is also an important factor. Properties on the primary market, i.e. newly built properties, are usually characterized by higher prices due to their modernity and quality guarantee. However, on the secondary market, where used properties are available, prices may be more diverse.
4. Room layout: Although it may seem insignificant to some, room layout has a real impact on the value of the property. Spacious, large and well-lit rooms are often more appreciated. A functional room layout can significantly increase the attractiveness of the property and increase its value.
5. Storey: The last factor worth considering is the selection of the appropriate storey. Although it does not have the same importance as the previously mentioned aspects, the choice of floor may affect the price. Typically, apartments on higher floors tend to have higher values due to better views and more privacy.
The variety in real estate prices is the result of taking all of these factors into account. Therefore, it is crucial to carefully assess and compare properties, paying attention to their location, standard, market type, room layout and floor. Choosing the right property depends on individual preferences and needs, so it is worth consulting an experienced real estate agent who will help you make the best decision.