Which documents are needed?
Houses, apartments, holiday homes and other buildings
The condition of these properties has a significant effect on their value. I therefore send clients a short questionnaire and ask for selected photographs. In many cases, this information allows me to prepare a valuation without an on-site inspection.
Land
For land, I can generally use Czech cadastral records, the municipality’s land-use planning documents and the public Land Parcel Identification System (LPIS). Further information may be needed depending on the type of land.
When is an on-site inspection needed?
Mainly when the available documents do not allow a sufficient assessment of the condition, extent of the buildings or their actual use.
If the information is insufficient, we agree on additional documents or an on-site inspection.
When should you choose a more detailed valuation?
If you only need a valuation for inheritance proceedings, I aim to keep the process as straightforward as possible. The report is shorter and avoids unnecessarily lengthy descriptions. The value calculation and comparison with actual sales are still retained.
However, if you already know that you will later sell the property, buy out other co-owners, divide assets or use the valuation for another property decision, I recommend considering a full, more detailed valuation with an on-site inspection.
This allows a closer assessment of the actual condition, fittings and any defects. The resulting report can then be used both for inheritance proceedings and as a basis for subsequent decisions.
It is therefore best to agree the scope of the valuation in advance according to its intended purpose.