




How to achieve maximum valuation and sell your property?
When selling a luxury property, it is crucial to present the home in its best light possible. Therefore, our experts offer top tips on how to get the optimal valuation for your luxury property. Find out more here!
Tips on how to get the optimal valuation of your property
Evaluate the specific area
One of the key features of a luxury property that can significantly increase its price is its location. What is most essential for an area, allowing for the purchase of a high end property, is its image, the amenities and extras it has, as well as the communicability of the location. In Sofia there are several neighborhoods that can meet the needs of luxury segment buyers.
Among the top locations for a new high-end home are the neighborhoods of Lozenets, Doctors' Monument, Yavorov, Iztok, Ivan Vazov and Manastirski Livadi. Each of them has specific characteristics that influence the prices of the exclusive offers. For example, those looking for a more communicative location, in a neighbourhood with dynamic development, usually focus on the areas with these characteristics, namely Manastirski Livadi and Iztok. People looking for the combination of a sense of prestige and comfort in a relaxed atmosphere traditionally head to the Yavorov district. Here is the time to note that some of the areas maintain higher market prices compared to others.
Such is the Doctor's Monument district, which is a leader in the price offers of luxury properties.
Prepare and clean the place
A modern furnished, tidy, and clean apartment attracts considerably more attention of potential buyers and will certainly have a positive impact on the price of the property. To make sure you present your home at its best, you can trust a professional cleaning company with an approach and attention to detail. It will make sure the home is refined to detail, and visitors will in turn, be impressed by the atmosphere and the care taken of the property.
Pay attention to the infrastructure of the area
The infrastructure of an area is decisive for its good reputation. The modern and trendy person needs quick access by own car to the major thoroughfares of the capital, providing him both timely exit from the city and convenient access to the elite restaurants in the capital and other sites offering leisure entertainment. However, a well-built and maintained infrastructure in an area remains preferable to a neighbourhood that cannot offer the same conditions. Nonetheless, not all buyers of premium homes insist on this criterion. For some, peace and privacy come before the infrastructure of the neighbourhood.
Key are the amenities offered by the property
Undoubtedly, additional extras must necessarily be considered when determining the selling price. Of particular importance here is the quality of the natural materials used, as well as the price class of the appliances. Keep in mind that tastefully selected furnishings and high-end appliances significantly increase the selling price of a property in the luxury segment. A notable advantage among buyers of premium properties are homes with 2 bathrooms, garage, swimming pool, fitness equipment, spacious garden/terrace, private closet, office, storage – amenities that cannot go unnoticed during viewings. Each of these additional extras can significantly increase the price of the home offered.
Hire a professional designer to prepare the property
The professional advice of the interior designer will help you to further improve the appearance of your proposed property. As previously referred the attractive furnishings play a major role in determining a fair selling price. Not everyone has the skill to spruce up a home, so it's best to trust a proven professional. A professional designer knows how to select the furnishings for a luxury property to meet the buyers' expectations. Apart from the arrangement, an interior designer knows how to highlight the good features of the home so that it leaves a good impression during viewings on potential buyers. Creating a cozy atmosphere will help clients feel the place as their own and imagine their daily life in it.
Pictures of the property shall be of a high quality
Listing the property for sale is the first opportunity to create a positive attitude towards it. Luxury segment homes go hand in hand with the presentation of high-quality footage taken by professionals who have an eye for detail. This way, sellers of designer apartments can present their property in the best light and get the optimal deal. Agencies, specialising in premium property sales, usually offer the option of hiring a professional photographer whose job it is to document the property's assets. The high quality of the photographs is the first sign by which one can guess what financial means and efforts have been put to make the home look in a way that will make it stand out among the rest. A significant advantage would also be the possibility of a virtual tour of the property you are offering. In this way, you have the opportunity to present the surroundings as realistically as possible, and the viewers will be able to immerse themselves in the unique atmosphere. Keep in mind that thanks to virtual viewings you will be able to reach a larger audience, and why not buyers from abroad who are looking for an opportunity to invest in a luxury property in our country.
Do not underestimate the possibilities offered by modern technology, namely the "bird's eye view" of the residential building with the help of a drone. In this way, you give potential buyers the opportunity to get to know not only the interior advantages of the property, but also those of its surroundings.
Focus on the atmosphere and feel of your property
Luxury residential properties are distinguished from the rest by a refined and unobtrusive style that manages to create a pleasant and cosy atmosphere for the residents. There is no need to clutter the rooms with unnecessary furnishings. Instead, focus your attention on only the most necessary items, making sure to include a few very important details that play a major role in creating a pleasant ambience.
Part of the calling card of an exclusive home are elegant works of art, whether in the form of professional photographs, scenic paintings, or sculpted figurines. It is these accents that add value to the surroundings of an upscale home. Don't forget to include an elegant bookcase in your furnishings – a detail that cannot go unnoticed and will significantly change the ambience of the home.
Modern solutions in interior design make a strong impression. Such could be rough textures imitating wooden or marble surfaces, modern colours having a direct bearing on the feeling of harmony with nature. Important for the feeling of spaciousness are the different options for playing with light. Whether you opt for larger windows letting in more light during the day or prefer to use more mirrors in the rooms – the choice is yours.
The higher you climb in the price class of housing, the more attention you will have to pay to advertising, design, furnishings, and other elements that determine the price of your exclusive property. To make sure you don't miss any important highlights, it's best to trust a proven premium property professional.
Unique Estates' consultants are backed by an effective marketing team whose campaigns, innovative apps and advertising programs ensure quality presentation of your homes. This means a broader range of communication channels through which to reach potential clients and a faster property realisation.
Read more from category For sellers and landlords
Do we need a broker when buying and selling a property?

Many of you probably ask this question when it comes time to change homes or purchase a new property. Why do I need an agency when there are websites show direct information from an owner?
Generally speaking, a real estate agent will save you time and effort, protect you from incorrect owners, and guide you seamlessly through the process.
How is a property sold?

When selling a property, it is important to consult a professional who can provide you with a housing market research and help you determine the market price of the property. It is also recommended to have a realistic description of the property to attract the attention of buyers, helping them to get oriented in its advantages.
How is a property tax assessment made?

The issuance of a tax assessment requires the submission of several types of documents, which you can request through a specialized portal for the provision of electronic services, with an application at the counter in an administrative service center, by e-mail or by post, electronically through the secure electronic delivery system.
How is the market price of a property determined?

The market price is determined by real estate professionals using the comparative market analysis method. The purpose of the analysis is to determine the correct price range in which to position a property when it is advertised for sale.
How is profit tax calculated when selling a property?

The profit from the sale of a property is not taxed when the home has been your property for 3 years. In all other cases, the difference between the sale price and the purchase price is taken into account when calculating taxes on the sale of a property. The income is formed on a tax base and this tax base is reduced by 10% of the legally determined costs.
How much is my property worth?

The surest way to find out how much your property is worth is to consult with a professional in this field. We at Unique Estates can help you by providing you with a reliable valuation that is based on in-depth market research by professionals as well as our own data acquired over the years.
How are the undivided shares of a property calculated?

For each independent property, the undivided shares are calculated using the following formula:
Undivided Shares (%) = (Built-Up Area/Gross Floor Area) *100
Where:
Undivided Shares (%) is the size of the common areas adjacent to the property.
Built-Up Area (BA) is the built-up area of a property.
Gross Floor Area (GFA) is the total floor area contained within the entire building.
How is a property boundary determined?

A property boundary is determined by filing a petition to fix the boundary between properties. In order to determine the exact boundaries of a landed property, it is necessary to carry out the so-called tracing. This means to mark various points, lines, planes or surfaces on the terrain.
How is rental income declared?

There are two options for declaring rental income. In the first case, if the tenant is an uninsured natural person, it is the responsibility of the landlord to declare and pay the applicable rental income taxes. In the second case, if the tenant is a self-insured person (or enterprise), the tax amount is determined and the tax is withheld from him/ her at the time of its payment.
How is a rental agreement prepared?

If you are considering renting out a property, your cooperation with a professional lawyer is very important. He will help you to draft all mandatory clauses of the agreement in accordance with the Obligations and Contracts Act (OCA, Articles 228-239) and the Landlord and Tenant Relationship Act.
How is a rental agreement concluded?

According to the Bulgarian legislation, a rental agreement can be concluded both in written and oral form. In both cases, the agreement is considered valid and has legal force. However, the choice of an oral agreement hides significant risks, mainly due to the difficulties in proving the agreed terms and conditions.
How to terminate a tenancy agreement?

When you wish to terminate your tenancy agreement, you must comply with the period specified in the agreement and give prior written notice. If you wish to leave earlier than this period, you must pay a penalty to the landlord.
What is a property management service?

The property management service releases the landlords from their responsibilities throughout the rental process and from the subsequent tasks of collecting the rent and monitoring the property.
How to sell a luxury property with Unique Estates?

Contact us and our team of experts will prepare a special Comparative Market Analysis to determine the correct market price and potential customers for your property. Trust our professional real estate consultants who will give you the right guidance on how to successfully sell your property.
How to make an expert appraisal of a property?

The first step in making an expert appraisal of a property is to contact a certified appraiser registered in the Chamber of Independent Appraisers in Bulgaria. For the process, you will need an ownership document, an up-to-date sketch or cadastral map of the property and other documents depending on the type of the property.
When market analyses and research are conducted?

Market analyses and research are conducted before making important business decisions, launching new products on the market, making investments, or expanding the business into new markets.
What does a market analysis involve?

The market analysis includes a complex analysis at several levels: general market analysis, industry market analysis, market analysis of an individual product. These assessments provide valuable data for informed decision making and strategic planning.
For whom can the real estate market analysis be useful?

The real estate market analysis can be useful for investors, home buyers, agents, financial institutions, property managers, end users, etc. It helps in making informed decisions and understanding market trends and property prices.
Where to post an ad for the sale of a luxury property?

Before selling your property, it is important to choose a consultant who will give you the right guidance on how to most successfully and smoothly carry out the transaction. Trust our professionals at Unique Estates, who offer complex services in the field of real estate in two directions - Premium and Standard.
Where to obtain a property sketch?

The first step in obtaining a property sketch is to check with the Geodesy, Cartography and Cadastre Agency (GCCA) whether the property falls within the territory with an active cadastral map. A check of the sketch can be carried out in any regional city in Bulgaria at the Geodesy, Cartography and Cadastre Office (GCCO).
How to rent out an apartment?

Renting out an apartment can be made both with the help of a real estate agency and independently. Choosing to work with an agency provides a number of advantages that can significantly accelerate the conclusion of a rental agreement.



