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Old 28.10.2015, 18:22
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Re: Real Estate Valuation

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Multiple valuations will vary, possibly by a huge factor.
.
Actually, you'd be surprised at how close they are. (I saw several this morning from WŁest & Partner AG,
banks and others).

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The land 'value' plus cost to replace based on size don't have any reflection on what someone will pay actually pay you in cash today. Only a sale will tell you the market value on the day contracts were signed.
I'm not sure why you're explaining this? From what I wrote how did you get to the conclusion that I don't know this and/or don't agree with it?
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Old 28.10.2015, 18:40
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Re: Real Estate Valuation

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I'm amazed at how little information there is on real estate valuation here (or how tightly it's controlled). I'm surprised there isn't a zillow jumping in.

I've looked at the comparis and homegate (ZKB) tools and they are extremely primitive.

Basically, they seem to multiply square meters by some number. They don't even ask about other space.

So, here's my questions..

I'm looking at some places that have a lot of space outside the main living area. One has more sq meters of rooftop and balcony than interior space. Another has about 50% as much hobby room space.

What's the opinion on these rules of thumb?

Balcony and roof terrace space has 50% of the value per sq meter as interior.

Basement space is worth 25%

How does one value "private garden space" and terraces (e.g. patio blocks on the ground)?

As an aside, this values basements in Zurich at more than houses in San Diego.

Thanks for your inputs.
I don't think there is enough data to do much else and transactions are few and far between so I think people will just look on a case by case basis rather than come up with a rule to value hypothetical transactions.
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Old 28.10.2015, 18:43
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Re: Real Estate Valuation

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I'm not sure why you're explaining this? From what I wrote how did you get to the conclusion that I don't know this and/or don't agree with it?
Anyone coming from the UK might think the valuation was related to what people will pay without any connection to replacement costs. It depends on how much you like the existing building & how much you want to change. I bought 2 flats in London where insurance value was 2 to 4 times the price I was paying, both were grade 2 listed.
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