Real Estate Valuation Magdeburg

According to the German Building Code, the average site values for land must be determined for the entire area (§ 196 BauGB). In Magdeburg, this is done by an expert committee at two-year intervals. On the basis of purchase price collections, this committee draws up standard land values for comparable properties, which can include individual streets as well as entire city districts. Insights into the corresponding standard land value maps and information by telephone are generally free of charge. However, this does not apply to written information.
In Magdeburg, the standard values vary considerably. While an average of X to Z euros per square meter is achieved in suburban areas, in areas close to the city center it is already over 400 Y.
As a property buyer or seller, you can use standard land values to estimate the market value of your property. Our experienced property experts from Saxony are the right contacts for this.
Where can I find the rent index for Magdeburg?

The average rents in the individual districts of Magdeburg depend not only on the location but are also influenced by factors such as flat size, year of construction, modernization, and furnishings. The City of Magdeburg’s Citizens‘ Service not only provides the rent index, but also a brochure on operating costs.

For a very rough estimate, you can use our free property value calculator. However, this only considers the parameters you feed it with – and these are significantly fewer than your property documents show. The value that a (free) online calculator gives you for your property in Magdeburg is never as accurate as the calculation by a certified property expert. The calculator not only lacks some parameters, but also current comparative values, real impressions of the condition of the building and ultimately the expertise and specialist knowledge of our surveyors.

A property valuer draws on the following documents to carefully value a property:

• current extract from the land register
• building permit
• building description
• construction drawings, floor plans of all storeys, sections, and views
• valid energy certificate
• current cadastral map/site plan
• cubature calculation (enclosed space and gross floor area)
• calculation of usable floor space
• calculation of living space
• overview of significant damage, repairs, and modernizations over the past 30 years

For condominiums, the property surveyor in Magdeburg will also need the declaration of condominium and the current rental statement or rental agreement.

A valuation report in accordance with § 194 BauGB is valid in court. It is the most detailed form of a valuation report and is required for divorces, inheritance disputes or other legal proceedings. A publicly appointed and sworn expert from our Magdeburg office prepares the valuation report, which is usually 30 to 60 pages long.

A court-certified property appraisal includes, among other things:

• checking and, if necessary, re-determining the property measurements and calculations (floor space, volume, etc.)
• detailed property documentation in text form or with suitable attachments (such as a city map or photo documentation)
• an analysis of important public registers (land register, development plan, land use plan, etc.) to determine value-influencing data
• For rented properties, a list of all rents
• a differentiated valuation including justifications and explanations of the data sets used and other sources (not applicable in the short appraisal report that is not court-proof)

Would you like to know exactly what the scope and value of a Heid property valuation report is? Get an idea right away and browse through a real market value appraisal.
We take the needs of our clients just as seriously as data protection. We can only show you a real market value appraisal with the client’s consent. Please understand that this view copy is not an appraisal from Magdeburg.

We are not the only property surveyors in Magdeburg, but we are very good at what we do ¬– and most of our clients agree. All of our property experts are publicly appointed and sworn and have been certified many times. This means that our market value appraisals also stand up in the Magdeburg district court and are accepted by tax officials.