Monday, December 3, 2007

What Price A Seaview?

Okay - so you want to sell your property, or you've found the perfect acquisition - what's the real value?

An agents real task is bridging this gap between buyer and seller - no seller is going to under price their property, and no buyer is going to offer more than asked....

As a general rule on the Riviera - across the board - calculate on average 5,000 € per m².

But that's the easy part - what price for a seaview or terrace? Garage or pool?

In general, a constructor will count half the size of a terrace as 'liveable' - thus the additional price of a 20 m² terrace would be 50,000 € (1/2 x 20 m² x 5,000 €/m²).

A garage can be anywhere from 15,000 - 45,000 € depending on its suburb or parking density.

Other factors that need to be calculated include :

  • condition - often you can knock off a large sum arguing that it needs a new kitchen
  • aspect - morning or afternoon sun
  • ceiling height - belle epoque, mezzanines
  • flooring - parquet, tiles, carpet
  • monthly charges and services - and whats included or voted on recently
  • taxes - habitation and fonciere taxes vary from city and region
  • view - sea, garden, autoroute?
  • accessibility - elevator, local transportation or shops
  • room sizes - can walls be knocked out to make make larger
  • COS residual - can it be expanded
Often it is best to get a third opinion - even from a friend - as what you may have fallen in love with looks like a workers nightmare to unbiased eyes.

For more info, please feel free to contact us at info@lipsproperty.com our visit our web for useful information

No comments: