José June 14, 2007 Real estate Visits: 72 View Comments Print this post Send this post Copyright Jose Ramirez

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Residents of properties in existing buildings, we wonder why our properties are not worth the same as the newly built if they are basically the same. The one great question posed by the clash between our expectations and objective and subjective criteria that determine the value of properties. The first thing to do is ask not how much you value you as owner, but how much would be willing to pay a typical buyer for it. Here I will explain how this works and give you some suggestions to Maximise the value of your property.
Here:

Those who buy are not only based on objective criteria such as number of rooms or living area. They also have preferences for certain materials, finishes and layout of the spaces that are defined by fashion. These factors seem entirely subjective but significant impact in determining the value of a property.

In the new property distribution is different spaces, bathrooms have whirpools and have larger storage areas. Besides, the windows are of a different style and quality, and so the same equipment in the bathrooms and kitchen. Also, the amenities and common areas of the condominium are different. They have more parking spaces per apartment and an electric plant and a tank with more capacity. Finally, it is new and has not been depreciated. Many details are added to the new property very different to the existing one. Buyer pays for new projects that difference that produces the greatest satisfaction.

We can recognize in the new project market trends. From this we can remodel and update our property. With that reduce the depreciation but will not have a new property. We can not completely alter its distribution, nor can we add facilities or amenities that are not originally contemplated. Nor can replace structural elements or the plumbing and electricity.

Our property has its particular market. The existing property has customers who want them are not looking for a new property. In our buyer is not interested in the fashion retail, not that style of window, no need so many parking lots such as the looking for a new property. Our buyer is not willing or do not have the money to pay to obtain the satisfaction of the new.

This is just part of an article published in the newsletter sent every two months on request. If you want to read it in its entirety you can do in the wiki .