What is property valuation in Amsterdam?
The basics of property valuation in Amsterdam: market value, WOZ, valuation date, report purpose and questions to define first.
Property valuation in plain language
A property valuation is an evidence-based opinion about a particular property within an agreed assignment. The conclusion belongs to a purpose, a valuation date, a property description and the information examined for that assignment.
At a glance: a valuation answers a defined value question. Market value, WOZ, purchase price and asking price are related terms with different meanings.
What exactly is being valued?
The valuer considers the property and the right or interest named in the assignment. For a home, floor area, property type, condition, location, leasehold, apartment ownership, permits and comparable market data may form part of the analysis. The relevance of each detail depends on the purpose and valuation date.
Read the report alongside its assumptions. Ask who uses it, which documents were included and which limits are stated.
Market value and WOZ have different functions
The municipality sets the WOZ value for municipal taxes and other statutory uses. Kadaster explains where the WOZ value can be found and that municipal information is leading for that figure. Market value belongs to a valuation assignment with its own purpose, valuation date and reporting framework.
The values can coexist and do not have to match. Use WOZ and market value explained when you first need to identify the value concept in a letter or file.
Four questions before you continue
- What do you need the valuation for?
- Who will receive or review the report?
- Which valuation date and age limit matter?
- Which documents and property features must be examined?
Amsterdam context may include leasehold, apartment ownership, foundations, alterations and local comparable properties. Describe those subjects factually and ask which information belongs to your assignment.
Choose the right next guide
Read about mortgage valuation, purchase valuation, sale valuation or WOZ. To compare methods and conditions, use the comparison guide. For report structure, read the valuation report guide.
This website provides general information. Confirm important decisions with qualified sources or professionals.