During the renovation program, one of the key aspects for property owners is the determination of their housing value, as this valuation affects the size of the compensation or the terms for receiving new housing. If the owner disagrees with the amount proposed by the appraisers, they have the legal right to challenge the results obtained.
First stage of challenging the valuation
The first action that an owner who disagrees with the valuation can take is to submit a written application requesting a review of the object's value. As part of this procedure, they must be provided with explanations regarding the methodology used in the appraisal, which market analogues were used for comparison, and how the final value of the property was determined.
Contacting independent experts
If the owner still considers the established value incorrect even after a re-evaluation, they can use the services of an independent appraiser. In case of a significant discrepancy between the results of two appraisals, it is necessary to determine the reasons for this difference. The check focuses on the correctness of analogue selection, including objects from other districts, as well as on the proper consideration of the technical condition of the housing, the cost of the land plot and any additional structures, and the legal status of the property itself.