S & I Büro Neumann

Expert appraisals  / property valuations

An appraisal is the well-founded representation of past experiences and the deduction of conclusions concerning the effective judgment of an occurrence or state through one or more experts.

An appraisal contains a generally trustworthy assessment of facts with regard to a posed question or a given goal.
 

There is a general distinction to be made with regards to ordering and carrying out an appraisal as a:

  • private appraisal (with the variant of expert adjudicator)

or

  • court appraisal


The area of those placing orders for private appraisals is unbounded and can originate from, for example:
-  private persons
-  companies
-  insurance agencies
-  organizations (administrations, unions, etc.)
 
A private appraisal in the form of damage assessment to determine the existing damages and deficiencies of a building has the advantage of out-of-court settlements when possible conflicts arise with building contractors, general contractors, pre-built home producers, or anyone else who has participated in the construction process.  
 
 Valid in Germany:
According to the Federal Court of Justice (“German Supreme Court”), the costs of an appraisal concerning the cause and extent of acquired defects/damages, including those expected to possibly occur, are to be counted as resulting damages. They are to compensated for according to § 13 Abs. 7 VOB/B.

According to the German VOB/B, there is no need to set a deadline as the damage arises from the outset along with the claim to subsequent improvements.

The appointment of a court ordered appraisal takes place in civil courts (district courts, state courts) within the framework of an independent proceedings for the takings of evidence and generally requires an order to take evidence, whereupon questions are answered regarding existing deficiencies.

 

Drawing up of appraisals to determine the market value of property and real estate

The market value describes the current value of a property or real estate. Determining the market value requires that numerous factors be taken into account- various ones lead to  depreciation (such as immissions, site contamination, changes in usage due to political decisions, etc.) as well as those to an appreciation (for ex. geographic location) 

The appraisal of property and real estate is a procedure governed by regulations which applies fundamental expert knowledge to determine the market value of developed and undeveloped
properties or real estate on a given day within the course of usual business transactions.


The professional fee for value assessment appraisals can be freely agreed upon or agreed upon according to the stipulations given in HOAI (professional fee ordinance for architects and engineers).

In HOAI, the minimum and maximum price charges for the appraisal of real estate and buildings is set according to the following table.

Price charges according to paragraph 34 of HOAI – Value assessments (table given only in parts)

 

 (Market) value in Euro  normal Level of difficulty  high level of difficulty
 min    max  min max
 in Euro  in Euro
75.000
100.000
150.000
175.000
200.000
250.000
300.000
350.000
400.000
437
543
735
767
860
977
1071
1149
1207
537
664
881
938
1051
1193
1304
1397
1479
517
643
856
912
1017
1157
1264
1356
1425
733
910
1203
1278
1432
1628
1779
1908
2012

Preparation of damage assessments as a court or privately engaged expert for proceedings involving securing of evidence and the necessary legal action thereafter.

Preparation of surveys on damage assessment and construction defects.

  • Comprehensive property review and documentation of existing damages and defects
  • advice on necessary repair and renovation measures
  • determination of possible value depreciation    

 

Your advantage:

  • Neutral and objective representation of the state and condition of a property
  • Work often leads to out-of-court settlements among the parties involved (building contractor, owner, etc.)
  • Substantial cost reduction
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