Many reasons lead people to estimate the exact value of all their possessions. But since it's not all about the bank account, owners tend to overvalue them, which could lead to legal action. This is the reason why it is necessary to rely on the help of experts. Property hunters are also very good relays in this exercise (you can contact one of them by clicking here )
Even if you don't have a specific reason, it's important to assess your wealth. Knowing the facts will make it easier for you to make decisions in the future. However, there are a number of things that drive people to value their wealth. For example, a person wishes to acquire a new property and wishes to know how much he can bet.
Furthermore, it’s a good way to secure your future. If you don't know how much you have, you could make risky investments or end up broke after an impulsive decision. It is better to know your position before embarking on any business. See here.
First of all, be aware that assets can be financial, real estate or professional. First, real estate. The best way to assess them is by comparison. To do this, ask a real estate agent, because he will be of great help to you. It will give you an exact estimate of the value of your home and properties.
Apart from the comparison method, you can also use the estimate by income, that is to say in relation to the profitability of the property. This is a method rather reserved for rental properties, and we will thus base ourselves on the price of rents. Finally there is the discount method which consists of taking the initial value of your property and discounting it to obtain an approximate value.
If the life insurance policy is redeemable (in the savings phase), its value will be added to the final estimate of your assets. To do this, you can simply add the value of your contract to the total sum. You must declare your contract from 1st January of the year of declaration.
In addition to real estate and the life insurance contract, there is the valuation of furniture and valuables. Indeed, they represent a good part of your heritage. For furniture, it is not necessary to remember all the prices of your business. The tax authorities accept that the total value of the furniture represents 5% of your total assets.
However, you can challenge it if you think your furniture is worth more than that. Moreover, the estimate at 5% is not very advantageous according to the statements. With regard to valuables (jewellery, watches, precious objects, etc.), you can easily take the net value of the sale price and update it as well.
It is best to hire a lawyer for all administrative procedures. It will also prevent you from making mistakes. Don't you think of making a false statement about the value of your assets, because the government intends to take strict measures against fraudulent people.
Parisearch is a real estate agency in Paris.
Connected 24 hours a day to the market and its network, it responds to all requests for research or sales of real estate in Paris and the Ile-de-France.
Its objective is to accompany its customers in the realization of their project of life by securing their step and by allowing them to reach rare goods (off-market) which will make their happiness and will answer perfectly their criteria.