The real estate sector is considered one of the most advantageous investment types. But the investor wants to know the return he will earn from this investment. There is no single formula for calculating the value of a home. But you can calculate the possible profit in many ways and predict the future of your investment. Let's take a look at these methods together.
Comparison with Residences in Similar Location
Learning the valuations of properties in the same or similar neighborhoods might help you determine the worth of your own home. The worth of a house is determined by criteria such as the age of the building, the facade of the house, the square meter, the floor on which it is located, and the presence of an elevator in the building. As a result, studying the valuations of properties with similar features to yours might assist you in calculating your investment.
Calculation by Rental Price
The rental price of the property is treated as an investment or money to be earned in this method, and the total rental amount to be obtained over the next few years is used to establish the house's value. The sum of 17-20 years of rent is used as a basis for evaluating a house's return on investment. In Turkey, it is commonly considered to be 18 years. The term "amortization value" refers to the value calculated using this procedure.
Home Appraisal Value Calculation for Housing Loan
If you are going to apply for a housing loan to buy a house, the bank will assign you an expert to determine the real estate appraisal value and report the appraisal value of your house. This report contains elements that will determine the value of your home.
Get Support by Contacting Trem Global
Another important method in determining the value of the real estate is to apply to a real estate agent who knows the job. Our team, which has all kinds of investment information, offers you the house you want within the framework of value. You can contact Trem Global to learn the value of your investment in the most accurate way.