Calculation of utilizable value (“Nutzwert”) as part of the process of converting tenancies into condominiums or owner-occupied units (“Parifizierung”)

What can we do for you?

We obtain the extract from the land register and the extract from the cadastral plan of the land register.
We determine whether the property in question is, in the first case, suitable for conversion into individual ownership units.
Where this is shown to be the case, we calculate the usable floor area according to the legislation WEG 2002, using approved construction or as-built plans that have an official validation stamp, or using as-built plans based on building surveys that we have made ourselves.
We discuss and agree with you the civil law designation of the rooms.
We produce a site plan with heights that shows the site boundaries according to the official survey documents compared with the course of the boundaries (fences etc.) as measured on site or in accordance with the negotiated and determined site boundaries. We also graphically depict the facilities associated with the individual apartments such as cellars, parking spaces, terraces, gardens etc.
From this material we then produce the Parifizierung plans which show in colour the individual independent units. Based on the material referred to we can then produce the final valid Nutzwertgutachten.

The Nutzwertberechnung (utilizable value appraisal) determines the relationship of the parts owned by the individual co-owners (for example of a condominium) to each other and defines a method according to which, for example ,the shares of the service costs to be met by the individual owners can be calculated. On the basis of the utilizable values determined a condominium ownership agreement must be made that is then signed by all co-owners.

The basis for the calculation of the utilisable value is the usable floor area. The usable floor area is the entire floor area of an apartment or other space less the thicknesses of the walls and the wall openings, door openings, stairs, open balconies, terraces of the particular apartment and less the cellar and attic spaces in as far as they are unsuitable for residential or commercial purposes. Features or circumstances that can significantly increase or reduce the value of a specific dwelling unit in comparison to another unit in the same building are taken into account by means of a system of additions and deductions.

The result of this calculation is the Nutzwert (utilizable value) of a condominium (common-hold apartment). If the utilizable value report differs from the actual circumstances by at least three per cent each owner or intending owner can, within a year, call for the utilizable values to be determined by law. The same applies in certain cases to subsequent alterations.

Competence and quality from two different worlds of building offer you a decisive advantage!