When you buy a home, you should know that apart from the price of the property itself, There are other added taxes that you will have to face. But how much will I have to pay? The answer, in most cases, lies in the cadastral value.
prefabricated houses They are the option that has been most successful in recent years.. Thanks to its low manufacturing costs, the short time it will take to have it finished and its multiple customization options, it is an ideal option for all types of owners.
However, and of course, they are not exempt from certain taxes either. If you like know the cadastral value of your prefabricated house, You have come to the right place. Next, we will tell you what the cadastral value of a prefabricated home is, the documentation you need to determine it and its main factors. Take note!
What is cadastral value and why is it important?
The cadastral value is an estimate of the value of a real estate property that uses the tax administration to calculate local taxes, such as the real estate tax (IBI). This value is determined by applying various criteria, such as location, size, quality of construction, equipment and characteristics of the land.
In the case of prefabricated homes, the cadastral value remains relevant, since the quality of construction is also taken into account, the land where it is located and other factors. The importance of the assessed value for manufactured homes lies in its direct impact on the local taxes that owners must pay. A higher assessed value generally translates into higher taxes.
Steps to determine the cadastral value
To know what the cadastral value of your prefabricated home is, You must follow a series of steps:
First of all, and taking into account the Technical Project of your home, go to the local cadastre office that is linked to your town hall. This will be in charge of evaluating the characteristics specific to your home, such as the constructed area, materials used, number of rooms, sanitary facilities, etc. It will also take into account the area you are in.
Once the cadastral value has been calculated, They will give you an official notification that you can appeal for a possible correction if you didn't agree with it. With this cadastral value, taxes such as IBI and other payments associated with your property will be calculated. Of course, you should keep in mind that this value may be reviewed and updated periodically.
Required Documentation
You expressly request the calculation of the cadastral value of your prefabricated home, make sure you have all the relevant documents. In general terms, this includes the deeds of new construction, technical project, construction plans, building permits and any other documentation that supports the existence and characteristics of the home.
Differences between cadastral value and market value
The most important difference between both values is that the cadastral value is for tax purposes, since It is used as a basis to calculate your taxes, while market value is the estimated price at which a property can be sold on the open market. This value is determined by the supply and demand of the real estate market.
Furthermore, the evaluation method of both values is different. The cadastral value is based on previously established formulas and criteria, while market value is much more flexible and takes into account variables such as recent sales, depending on market conditions and the area.
Thus the cadastral value will not be used in commercial operations, since it may not reflect the real market value of a property. In the case of the modular homes, the market value will also take into account factors such as technological innovations, their success in the real estate market, the energy certificate, the heating system, the level of energy self-sufficiency or the quality of the materials.
In this way, if you want to know how much your prefabricated home is worth for future buyers, We advise you not to focus so much on the cadastral value as on the market value, and that you hire a good expert to carry out an appraisal on your modular home.
Factors that influence the cadastral value
- Built area and land: Generally, the larger the surface area, the higher the cadastral value.
- Geographic location: Properties located in consolidated urban areas or with high demand usually have a higher cadastral value.
- Building characteristics: The quality of construction and the materials used influence the cadastral value. Elements such as age, state of conservation and structural amenities can be considered.
- Infrastructure and services: Proximity to infrastructure and public services, such as transportation, schools, hospitals and commercial areas, can increase the cadastral value of a property.
- Equipment and facilities: The presence of equipment and amenities within the property, such as heating systems, air conditioning, or special installations, can also affect the cadastral value.
- Land use: Properties intended for residential, commercial or industrial use may have different cadastral values.
Tips for Modular Home Owners
The first thing you should do is get good professional advice like that offered by Modular Home. Maintain your home well, keep the complete documentation and make updates registered in the cadastre office of your town hall.
Optimize as much as possible the improvements of Energy Efficiency of your modular home, since they will significantly increase the cadastral value. With all this, you will be able to manage and possibly improve this crucial information in your property in the future.
