Real estate appraisals in Frankfurt, the state of Hessen and throughout Germany

As experienced real estate appraisers based in Frankfurt, we provide you with customised appraisals for your properties in Frankfurt, the Rhein-Main region and across the whole of GermanyOur appraisals are tailored to suit your purpose and individual requirementsFor example if an appraisal is required for financial reporting or for tax purposes, the content of our report would reflect the relevant statutory requirementsguidelines and ordinances, in order to provide you with an audit-proof document. 

A market value appraisal is often required in the event of a prospective property purchase or sale. The same applies to property bequests or bank financing secured on a propertyThe classic reasons also include the calculation of an insurance value for insurance purposes. Irrespective of the reason and purpose for the appraisalour reports are always characterised by their impartiality and credibility. 

REAK Kontakt Thomas Kral

Thomas Kral
– Immobilienökonom –

Independent real estate appraisers in Frankfurt and beyond

As independent real estate appraisers, we value your property in an unbiased and professional mannerWe filter the information provided to ascertain the relevant details in order to form a qualified view of your property. 

We will provide you with a customised and detailed appraisal report tailored to the specific purpose of the instructionwhich will also be comprehensible to third partiesThe process and rationale for assumptions will be explained in detailwhich contributes to the transparency of our real estate appraisal reports. 

The description includes details from the land register extract and any rights and encumbrances together with a value-relevant assessment of the location and building description, including the conceptfit-out and state-of-repairWe also include a land value apportionment and essential appendices such as maps and photographs.  

We provide a summary analysis of the strengths and weaknesses of the propertyDepending on the type of property, the appraisal itself is based on one of the three approved valuation approachesThe relevant methods are the sales comparison approach (typically used in the case of residential property and undeveloped sites)the cost approach (typically used for single and two-family residential properties) and the income capitalisation approach (typically used for multi-family residential buildings and commercial properties). 

Your real estate appraisers based in Frankfurt – we understand what’s important to you

The three appraisal methods in Germany are outlined in the German Property Valuation Ordinance (ImmoWertV). Depending on individual requirements, we are also able to carry out appraisals in accordance with international methods (comparison method, investment methoddepreciated replacement cost methodand produce English language reports. 

Your instruction will be processed on a careful and discreet basis as property appraisals are typically also a matter of trustWe are able to bring our significant experience and knowledge to the tableThis includes also a high degree of professional commitmentOur proven qualifications and track record of satisfied regular clients is evidence of the quality and professionalism of the real estate appraisals carried out from our Frankfurt office. 

Sales comparison approach

The sales comparison approach is most suitable for properties whose characteristics allow them to be directly compared to other similar properties and for which there are sufficient comparable prices available in this regardThe sales comparison approach includes an initial assessment of the land value for the propertyThe important factors for this are the location and quality together with the scale and type of permissible developmentThe appraisal is typically carried out on the basis of guideline land valueswhich can be adjusted to match the characteristics of the subject property. 

Sachwertverfahren

Das Sachwertverfahren ist für eigengenutzte Grundstücke wie Ein- und Zweifamilienhäuser sowie Doppel- und Reihenhäuser geeignet. Dem Bodenwert werden die alterswertgeminderten Neuherstellungskosten hinzuaddiert. Über einen Sachwertfaktor können dann die aktuellen Wertverhältnisse auf dem Grundstücksmarkt berücksichtigt werden.

Ertragswert-verfahren

Das Ertragswertverfahren eignet sich für renditeorientierte Grundstücke wie Mehrfamilienhäuser, Gewerbe- und Industrieimmobilien sowie Grundstücke mit Sondernutzungen wie Hotels, Sozialimmobilien und dergleichen. Das Verfahren beinhaltet auch den Bodenwert und kapitalisiert Erträge über die wirtschaftliche Restnutzungsdauer.

Sales comparison approach

The sales comparison approach is most suitable for properties whose characteristics allow them to be directly compared to other similar properties and for which there are sufficient comparable prices available in this regardThe sales comparison approach includes an initial assessment of the land value for the propertyThe important factors for this are the location and quality together with the scale and type of permissible developmentThe appraisal is typically carried out on the basis of guideline land valueswhich can be adjusted to match the characteristics of the subject property. 

Sachwertverfahren

Das Sachwertverfahren ist für eigengenutzte Grundstücke wie Ein- und Zweifamilienhäuser sowie Doppel- und Reihenhäuser geeignet. Dem Bodenwert werden die alterswertgeminderten Neuherstellungskosten hinzuaddiert. Über einen Sachwertfaktor können dann die aktuellen Wertverhältnisse auf dem Grundstücksmarkt berücksichtigt werden.

Ertragswertverfahren

Das Ertragswertverfahren eignet sich für renditeorientierte Grundstücke wie Mehrfamilienhäuser, Gewerbe- und Industrieimmobilien sowie Grundstücke mit Sondernutzungen wie Hotels, Sozialimmobilien und dergleichen. Das Verfahren beinhaltet auch den Bodenwert und kapitalisiert Erträge über die wirtschaftliche Restnutzungsdauer.

Frequently asked questions

Our real estate appraisals are prepared on the basis of a multitude of primary data and secondary information provided by owners, authorities, market reports and our own research and calculations. We work totally independently of any brokers or other interested parties with fee positions. We work exclusively on your behalf. After our initial conversation, we select the appropriate method, which best serves the purpose and objective of the individual instruction. 

In order to prepare a meaningful real estate appraisal, we typically require the address and registered parcel number(s) of the property, land register extract(s), location/cadastral plan and floor layout plans. In the case of multi-family residential buildings and commercial properties, we also require a rent roll with information on the occupied areas and letting information such as rentsIn any event a calculation of residential/usable areas is very useful tooIn the case of the appraisal of condominium apartments, we require the shared ownership deed and in the case of operational properties such as hotels, we also need key operating data such as revenues and profit and loss accountsWe will provide a list of required documents at the start of the instruction. 

That depends above all on the quality of the documents provided and the complexity of the propertyThe work required to prepare an appraisal report is dependent on the type and size of the property and the quality and currency of the documents providedWe would be happy to agree time plan with youand make every attempt to comply with more urgent deadlines. In the case of basic properties, the work would typically take around 2 weeks from instruction and 3 to 4 weeks in the case of larger building complexes. 

A real estate appraisal carried out by our company reflects all relevant key dataThe most important factors for the assessment of the land value and building value naturally include the location and surrounding areathe state of repairthe building concept and fit-out, local building law and in the case of leased properties also lease contract informationThe regional property market is also heavily influenced by economic conditionsdemographic factors and interest rates in the event of property financing.