Apartment valuation online calculator: how does the cost add up?

Apartment appraisal Cost - from 3,000 rubles Time frame - from 1 day Online calculator

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In the real estate market in Moscow and the region, independent appraisal of apartments is one of the most popular services. Estimating the value of an apartment, residential premises, rental value implies determining the market value of ownership of a real estate object or other proprietary rights in relation to the property being valued.

An assessment service may be needed in such cases as:

• determination of collateral value
• confirmation of cost during a mortgage transaction
• determination of market value for judicial authorities in the presence of property disputes
• inheritance of an apartment for calculating the state duty (notary fee)
• rental of apartments, rooms (rent assessment)
• sale of apartments, sale of rooms

When evaluating an apartment, all features and details are taken into account. Pricing factors include the following: location, number of rooms, total and living area (sq. m.), kitchen area (sq. m.), ceiling height, balcony/loggia, distance from the main infrastructure of the area, layout, quality and cost of finishing, condition of the living space, year of construction and type of house (block, brick, panel, monolithic), number of storeys of the house, etc.

We evaluate real estate both on the secondary market and new buildings. If necessary, after determining the market value of the apartment, the cost of the share can also be presented to the client.

General information about housing equity valuation

People have to deal with real estate valuation, for example, when concluding transactions, registering an inheritance, or obtaining certain permits.

If a citizen does not own the entire apartment, but only part of it, the general principles of property valuation apply. However, certain features complicate this process somewhat.

Valuing a share (part) in an apartment is a more complex procedure than determining the value of the entire property.

The price of real estate is influenced by the market situation - the cost of similar properties on the market. And although it is not so difficult to find an apartment for sale with similar parameters, it is quite difficult to estimate the specific share in a certain premises, since each situation is unique.

In addition, the share can be allocated in kind in the form of a room or part thereof, but general joint ownership of the object is also possible. This and other factors complicate the procedure for assessing part of the apartment.

The material “Apartment Valuation” will help you become more familiar with the features of the procedure.

Valuation of a room in a communal apartment

When assessing a communal room, one should take into account the presence of not only residential premises, but also common areas for residents: corridor, bathroom, toilet, kitchen. Since each resident of a communal apartment has equal rights to use them, such places are in the common joint ownership of all residents and are not allocated in kind.

Carrying out the assessment procedure, the expert determines the cost of the room, without taking into account the customer’s right of joint ownership of common areas.

And yet, the level of furnishing of such places directly affects the final result: the more comfortable the toilet, bathroom and corridor are, the more expensive the room will be valued.

In addition, the more living spaces in the apartment, the cheaper the cost of each room in it will be.

Features of shared ownership

As mentioned above, a share in an apartment can be allocated in kind in the form of a separate room. But most often, housing is jointly owned by several people: spouses, heirs of the same line by law, and so on. In the first case, the value of the property will be higher, since it can be seen and assessed with your own eyes.

If a person owns half of an apartment, which is jointly owned and costs a million rubles, then 1/2 of the property will definitely cost less. Much less than 500,000 rubles.

The procedure is described in more detail in the article “How to evaluate real estate shares.”

Goals of the procedure

If the goal is defined correctly, then half the job is done. So, the purpose of assessing a garage could be as follows:

• When the owner decided to sell the garage. Before completing all the paperwork for sale, it is important to evaluate it and then, based on the data received, set the cost of such an object.
• When the owner decided to exchange the garage. If the garage size or location does not suit you, you can exchange it. But, before taking possession of a new garage, it is important to evaluate yours and see how the exchange object was valued. If their value is equal, this indicates a possible exchange without additional payment.
• When registering an object as an inheritance. When you inherit a garage, you must go through this procedure without fail.

Room assessment procedure

It is impossible to objectively calculate the cost of a room in a communal apartment if you only use the classical comparative methodology, which is used to evaluate a room in individual housing. According to this approach, a specific property is compared with similar offers on the market.

However, if you make some amendments to the methodology, then this is quite possible. Such edits include:

• general condition of the house, entrance, common areas and rooms. Without this information, it is impossible to know how to evaluate a room for sale;
• quality of work of service organizations;
• date of the last cosmetic and major repairs;
• presence, age and condition of utilities and engineering networks.

Since rooms are living spaces, it is imperative to take into account other factors that influence people’s living conditions and, accordingly, the price of real estate:

• distance from transport hubs;
• general improvement of the territory;
• availability of infrastructure nearby and so on.

Why do you need to determine the cost?

An assessment of the cost of a room is needed in all cases when a change of owner is planned or the status of the property changes, for example, when:

• purchase and sale;
• valuation for a bank or court;
• registration of inheritance;
• conclusion of a marriage contract;
• providing information to the guardianship and trusteeship authorities;
• registration of documents at the embassy;
• insurance and so on.

For each case, this action must be performed by a specialist appraiser who has the appropriate knowledge and license. The result of his work will be a document called “Expert Conclusion”, where the value of the property will be indicated.

How is the cost calculated for the court and notary?

Assessment can be carried out for different purposes:

• For the court.
• To register an inheritance.
• For the sale of property.

The features of each procedure will be discussed further.

Evaluation for court

To conduct an assessment for the court you need:

1. Contact a specialist and discuss the price of the work performed.
2. Choose a time for inspection.
3. Meet with the appraiser and sign all the necessary papers and their photocopies.
4. Pay for the services provided and sign the acceptance certificate for the assessment report.

You can also send a report by courier service and receive documents, and then pay for the services provided.

Valuation for inheritance

To order an assessment for an inheritance, you should seek help from an organization that provides such services. The process of carrying out such a procedure consists of the following stages:

1. Contacting the company and submitting a complete list of documents.
2. Carrying out a garage assessment based on a personal inspection of the property.
3. Receiving a report on the work that has been done with a detailed plan, drawing and other papers.

Valuation upon sale

When conducting a sales valuation, you must ensure:

• Access to the assessment object.
• Knowledge of garage placement features.
• Point out any difficulties you may have when using it.
• Agree on the goals and functions of evaluation.

Cost of the appraiser's service

The final amount that the appraiser will have to pay is influenced by two groups of circumstances: the general condition of the property and the individual characteristics of the room.

The first group includes:

• location of the house;
• condition of the surrounding area;
• the condition of the entrance, apartment, utility networks, their area and length;
• number of neighbors;
• type of building.

The second group includes:

• availability of repairs;
• condition of the room;
• its area;
• the presence of a loggia/balcony.

This is what the estimated cost of work in Moscow and the region looks like.

Processing time is 2-3 days.

More information in the article “Cost of appraising an apartment.”

Deadlines

The price for assessment services is determined on an individual basis. It depends on the documents, the labor costs of the appraiser, and the amount of work that is performed. The price of services often does not depend on the price of the object. The approximate cost is from 2500 rubles. This applies to the Moscow region.

All regions of Russia have their own prices. And they depend, first of all, on which organization evaluates the garage. For example, the BTI examines the property, and takes money for extracting the right to property from the register.

Required documents

To assess the premises, in accordance with legal norms, you need to provide a specialist with a set of documents.

They will have to be collected from different institutions. So, from the Technical Inventory Bureau you need to get:

• technical passport of the object. If you have a cadastral passport for a room in a communal apartment, it is enough;
• floor plan of the building;
• brief written support (explication) for the floor plan.

Legal documents:

• passport of an individual or details of the customer company;
• confirmation of state registration of ownership of the property or equity participation agreement;
• description of encumbrances on the apartment with supporting documents, if any.

Read about other features of the procedure in the material “What you need when appraising an apartment.”

Kinds

Conducting an assessment indicates the completion of work, the composition of which depends on the tasks required to be completed. First, the specialist clarifies from the customer the need for a property valuation. And only after that the goals, purpose and use cases are taken into account.

Expert assessment includes:

1. Setting goals.
2. Carrying out an inspection.
3. Creation of an agreement.
4. Collection of information.
5. Choice of methodology.
6. Property valuation.
7. Inspection of upgrades on site.
8. Preparation of an assessment report.

The result of the assessment is a document that contains data about the object and the method used.

Calculation of the cadastral value of an object

Only an expert can accurately answer the question of how to calculate the cadastral value of a room in a communal apartment. The following formula is used as a rough guide:

Cadastral value of a room = cost of the apartment / area of ​​the apartment x area of ​​the room.

As we have already found out, only approximate data can be obtained in this way.

Rosreestr divisions have complete information about all real estate in the country. Rare exceptions include objects for which ownership is not registered. However, the cadastral value of a communal apartment is most likely contained in the Rosreestr database.

If the residents have registered ownership of the room, then you can get the necessary information from the Rosreestr website online. Such information is considered public and is available to anyone free of charge.

If the communal room is not registered as independent property, you need to initiate the allocation of a share in the common living space. After this, the owner will receive an extract from the Unified State Register of Real Estate, which will indicate the value of the shared property, taking into account the total price of the apartment.

You can find out the cost of a room in several ways:

1. Order a certificate from the Multifunctional Center (MFC) office indicating the cost of the premises in accordance with the cadastre data. The waiting time for a response takes up to two weeks. Please note that the market and cadastral value of real estate may vary greatly. Price fluctuations reach 40% both up and down. Therefore, it is not profitable for the owner of the premises to operate with data obtained in this way.
2. Rate a room using an online service.
3. Order the services of a qualified appraiser. He will provide the most objective information relevant to the situation on the real estate market. The response time is up to one week.

Before making any transaction regarding an apartment, we advise you to find out how the cadastral value of real estate is determined.

Do you want to know how much your apartment in Moscow really costs?

Incredibly, you will only need 15 seconds to fill out the necessary form and instantly see a detailed conclusion about the cost of the apartment on the screen of your computer or phone.
An online resource developed and supported by Savills in Russia will help you make an accurate assessment.

The Savills.expert on-line apartment cost calculator gives you a unique opportunity to get an estimate of the cost of an apartment based on the prices of real transactions, information about which is collected and updated literally every minute.

In this case, the price of an apartment is estimated using the Savills.expert calculator without human intervention, using elements of self-learning artificial intelligence. At the same time, our calculator uses the same algorithms and valuation methods as professional real estate appraisers.

Online room assessment

An online assessment of a room in a communal apartment is available on the Internet. This can be done using a special calculator located, for example, on. The calculation method is based on an analysis of the database of advertisements and specialized reference books used by experts.

Real estate valuation using such calculators is an automated method of comparative analysis.

As a rule, the error of the obtained figure does not exceed 5% of the conclusion that the expert will make. However, when concluding any transaction to change ownership or obtain an encumbrance on real estate, you must use the services of an appraiser.