Hi. You can use a variety of methods to calculate resale value of flat. You can use the method of finding out the per square foot rate. You can do a lot of things within this, which includes researching similar properties to yours. I will give you a detailed method that you can use to calculate the base price of your property for resale.
Method to Calculate the Base Price of Resale Properties
Begin by looking at similar properties in your area. Determine the selection of properties on the basis of the property area, type, layout, age and configuration and compare their per sq. ft. rate.
Once you get an idea of the rates in your area for similar properties to yours, you can adjust for differences between those properties and yours. Factor in differences like the condition, amenities or location of the properties.
Then, multiply the adjusted per square foot rate by the total square footage of your property to get a close approximation of the base resale value.
I hope this helps.
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Hi there, The cost of resale apartments could differ based on the location, neighbourhood, age of the apartments, and many other factors. The formula to calculate the resale value of a flat is as folows:
Value or resale flat = value of undivided share of land + depreciated value of building and amenities + value of overheads, expenses, etc.
The base price can be calculated roughly by knowing the per sq ft price of the properties in your area and multiplying it to the per sq ft area of your house. This is how you can check the value of your flat.
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Madhu parekh
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2023-03-12T23:23:18+00:00 2023-03-19T19:19:46+00:00Comment
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