Are you facing the challenge of determining the true value of your possessions? An accurate valuation is often more complex than expected. This article will show you how to avoid pitfalls and make informed decisions.
Chat with ImmoGPT for free now.
With access to Google, BORIS, and Deep Research.
The topic briefly and concisely
A professional appraisal of valuable assets by experts minimizes financial risks and provides a solid basis for decision-making.
In the case of property valuations in inheritance situations, an independent appraisal can often reduce the tax burden by up to 50% compared to the standard valuation by the tax office.
Specific expertise in provenance, material value, and current market conditions is essential for accurately assessing the value of art, antiques, and jewellery.
What truly makes our assets valuable? In 2010, goods and services worth 2.4 trillion euros were produced in Germany. However, the monetary value is only one aspect. Especially in the case of inheritances, sales, or insurance matters, an objective valuation of valuable assets is crucial. You need fast, trustworthy market values without conflicts of interest. This article guides you through the key aspects of evaluating various asset classes and shows you how to obtain data-driven recommendations.
Principles of Valuation: More than Just Numbers
The evaluation of goods is a complex process. Quality often emerges only through societal communication about objects. Social structures such as recognised experts and certificates play a significant role. For many Germans, online reviews are crucial when purchasing; 78% of women rely on them for information. However, caution is advised: fake reviews are common. The Bewertungsgesetz (BewG) provides a legal framework in Germany, but it is not always sufficient. A professional evaluation for luxury goods takes individual factors into account. The complexity of inheritance or sales decisions often requires more than standard procedures. A well-founded evaluation is the first step towards security.
Accurately determine property values: avoid pitfalls
Especially in the case of inheritances, property valuation is crucial. In Germany, inheritance of real estate is subject to taxation. [2] The tax office often determines the value in a blanket manner, which can lead to tax burdens being up to 50% higher. [2] A professional market value appraisal according to § 194 BauGB provides a remedy. [2] Such appraisals are often essential in hereditary communities to avoid disputes. [6] For rented residential properties, often only 90% of the market value can be taken into account. [3] Valuing high-value items such as real estate requires expertise. Take advantage of the possibility to prove a lower value through an expert's appraisal. [4] This can significantly reduce your tax burden.
Important aspects of property valuation include:
Location and market environment: Analysis of current comparable objects.
Condition and features: Consideration of renovation needs or modernisations.
Legal circumstances: Examination of land register entries and encumbrances.
Utilisation potential: Assessment of alternative usage possibilities.
Energy efficiency: Influence of the energy value on the selling price.
A thorough analysis of these points leads to a realistic valuation. This provides a solid basis for sales or inheritance decisions.
Art and Antiques: Expert Knowledge is Crucial
The evaluation of art and antiques requires specialised experts. The Federal Association of Publicly Appointed and Sworn as well as Qualified Experts (BVS) names experts for this purpose. [2] These assessors determine the replacement or fair market value, for example, for insurance purposes. [2] A publicly appointed expert with over 30 years of experience can provide assurance here. [3] The preparation of reports for luxury goods is their core task. The experts also advise on sales or purchase plans. [2]
What do experts focus on when evaluating?
Provenance and authenticity: A complete history significantly enhances the value.
Artists and periods: Well-known names and sought-after periods command higher prices.
Condition and restorations: Original condition is usually more valuable than restored items.
Rarity and market demand: Unique objects with high demand are particularly valuable.
Artistic quality and historical significance: Above-average execution and relevance.
The complexity of these factors makes amateur evaluation nearly impossible. Trust certified experts for luxury goods assessments.
Jewellery and Precious Metals: Material Value and Expertise Matter
The material plays a major role in jewellery appraisal. Gold, silver, platinum and gemstones determine the fundamental value. [2] The carat content of gold and the size of gemstones are crucial. [2] Current gold prices significantly influence the evaluation. [2] Online services offer initial assessments, often within 48 hours. [2] For an accurate online appraisal of luxury items, detailed information and photos are required. [5] Hallmarks provide insight into the purity; 750 gold contains 75% gold. [5] Branded jewellery, e.g. from Cartier, often achieves prices above the pure material value. [5] The authentication is particularly important here. A professional appraisal takes all these aspects into account.
International Framework: EU Regulations for Luxury Goods
The European Union has introduced new obligations for dealers of luxury goods. The 6th Anti-Money Laundering Directive ((EU) 2024/1640) was published on 19 June 2024. [1] These regulations affect dealers of yachts, aircraft, and luxury cars. [1] The aim is to better integrate transactions involving luxury goods into anti-money laundering regulations. [1] Due diligence obligations now also apply to dealers of valuable metals and gemstones. [1] Additionally, there are specific appraisal guidelines in the luxury sector concerning sanctions, for example in the context of Russia. [3] Goods with a value of 300 Euros or more can be considered luxury goods. [3] These international requirements increase the complexity of valuation and trade. A thorough understanding of the current legal situation is essential.
Risk minimisation through professional assessment
The danger of incorrect valuations in luxury goods is significant. An inaccurate estimate can lead to financial losses. This applies to selling, insuring, or inheritance matters. Hidden costs and market uncertainty are real risks for owners. A data-driven recommendation from experts minimises these dangers. Regular revaluations can highlight value increases and optimise hedging strategies. Consider the hedging options for luxury items. A professional valuation is an investment in your financial security. It provides transparency and a solid foundation for important decisions. This way, you avoid costly mistakes and unlock the full potential of your assets.
wertvolle-guter-bewerten
The valuation of valuable assets requires expertise and care. Whether it's real estate, art, or jewellery – an objective assessment protects against losses. It enables informed decisions in complex situations like inheritances. Do not rely on estimates, but on certified appraisals. Auctoa offers you, as a digital companion, AI-supported real estate valuations and strategic advice. Contact us now without obligation or chat for free with our ImmoGPT to clarify your questions. This way, you safeguard the true value of your assets.
Additional useful links
Statistisches Bundesamt offers a page on construction and real estate price indices.
Statistisches Bundesamt publishes a press release with current data on real estate or construction prices.
Bundesfinanzministerium provides information on the Valuation Act (BewG) and the Property Tax Act (GrStG).
Gesetze im Internet provides access to the German Property Valuation Ordinance (ImmoWertV 2022).
Gesetze im Internet contains a specific section (§6) of the German Property Valuation Ordinance (ImmoWertV 2022).
Deutsche Bundesbank publishes the Financial Stability Report 2023.
Gesetze im Internet offers the German Inheritance Tax Act (ErbStG).
FAQ
How quickly can Auctoa carry out a property valuation?
Auctoa specializes in quick and neutral evaluations. The exact duration depends on the complexity of the object, but we strive for prompt processing. Contact us for an initial assessment.
What documents are required for a property valuation?
Typically, we require land register extracts, construction plans, living space calculations, energy performance certificates, and, if applicable, rental agreements. You will receive a detailed list as part of our appointment.
Does Auctoa also appraise goods other than real estate?
Our core focus is on AI-powered real estate appraisals and strategic consulting. For other valuable assets such as art or jewellery, we recommend specialised, certified experts.
How much does an appraisal at Auctoa cost?
The cost of an appraisal is tailored to the type and scope of the assignment. Request a free, no-obligation quote to receive accurate pricing information.
Is an online assessment just as reliable as an on-site appraisal?
Our AI-powered online tools provide very accurate initial assessments. For complex cases or legally binding reports, an on-site inspection by an expert is often sensibly complementary or necessary.
How can the ImmoGPT chat help me?
Our ImmoGPT chat can answer initial questions about property valuation, help you clarify your needs, and guide you through the process of a valuation request. It offers quick, data-driven information.
