STAGES IN APARTMENT BUILDING SALE
RELIABLE PARTNERS IN APARTMENT BUILDING SALES
POINTS TO NOTE WHEN SELLING AN APARTMENT BUILDING
The pitfalls generally arise prior to the sale and result in your failing to achieve the maximum sales price:
The central aspect for investors is the rental income to be generated. Well-developed apartment buildings offering secure cash flows through effective asset management have their own target group – as do houses with low average rentals and rather neglectful asset management. Before entering into a sale, it makes perfect sense to involve one of our known asset managers to thoroughly restructure the administration of your apartment building.
FABRIC OF THE BUILDING
The fabric of the building, the age of technical facilities and the condition of individual apartments, inevitably play a significant role for the sales price of your property. An entire property which requires constant investment for modernisation and refurbishment is a different proposition from an “all-round carefree package”.
TYPES OF EQUIPMENT AND FITTINGS
Alongside the general condition of the building, the equipment and level of refurbishment of apartments is of great importance for the achievable price of the property. Aspects such as the size of apartments, bathroom fixtures and fittings, fitted kitchens, high quality flooring, modern high-quality windows, balcony and effective room layout, play a significant part in the achievable price of the entire apartment building.
EXISTING RENTAL AGREEMENTS
What is the status of existing tenancies in the building? How are the rental agreements structured? Are they for limited or unlimited periods? Do they afford particular rights to tenants, such as the right to sublet or additional use at no cost of a garden or other area? All these aspects are decisive for the quality of rental agreements and accordingly for estimating the sales price.
Wallfeld Anlageimmobilien conducts the entire process of assessing the market price of an apartment building.