Official Valuation of Garages and Storage Rooms
Official valuation approved by the Bank of Spain.
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Valuations of parking spaces and storage rooms for any purpose
Purchase and sale transactions
An appraisal ensures that the transaction price reflects the actual value of the land. In rural transactions, where multiple variables such as agricultural use, buildability, and location come into play, a professional appraisal protects both the buyer and the seller.
Contradictory assessment or before the Tax Agency
It allows you to challenge tax assessments that do not reflect market reality. If the tax authorities assign a value higher than the actual value and this results in higher taxes, an official appraisal serves as a defence tool in tax proceedings.
Inheritance or separation
Ensures a fair and technically supported distribution of rural assets. In inheritance or property division situations, an objective appraisal prevents disputes and facilitates agreements.
Expropriation
It is essential for defending the real value of the land before the Administration. In expropriation proceedings, the appraisal allows for claiming adequate and technical compensation.
Non-monetary contribution to a company
The appraisal certifies the value of the land when it is incorporated as a corporate asset. It provides transparency and regulatory compliance in commercial processes.
Mortgage guarantee for loans
It is essential for a financial institution to accept the property as collateral. It establishes the mortgage value of the land, facilitating access to financing.
Assets for Collective Investment Institutions or Pension Funds
It allows rural assets to be valued within regulated investment vehicles, complying with transparency and auditing requirements.
Coverage of technical insurance provisions
It is used to value properties that form part of the technical backing of insurance companies, in accordance with the requirements of supervisors and auditors.
Benefits of valuing parking spaces and storage rooms with Gloval
Official report valid for banks and public bodies
Accepted for mortgage valuations, inheritance and divorce proceedings
Approved appraisers throughout Spain
Personalised advice and prompt service
Over 40 years of experience in property valuation
What documentation is required to value a parking space and storage room?
We will provide you with personalised advice on the documentation required to prepare the office valuation report, which will depend on the purpose of the assignment. The most commonly used documents are:
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Simple Note.
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Cadastral reference.
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Registration Certification.
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Cadastral Documentation.
Factors influencing the valuation of a parking space
Location
Market situation
Type of post
Accessibility
Dimensions of the square
Maintenance costs
Factors influencing the valuation of a storage unit
Area
Morphology
Location
Accessibility
Safety
How do I request a valuation for a parking space and storage room with Gloval?
01
Request an online valuation of your parking space and storage room
Complete the form in just 2 minutes and get an instant quote. You can sign up directly online and you will receive an email with the list of documents needed to start the valuation without any complicated procedures.
02
We will arrange a visit to your parking space and storage room in less than 24 hours.
We will contact you promptly to arrange an appointment with an approved valuer. We will adapt to your availability and answer any questions you may have to ensure that the process is quick and convenient.
03
Receive the official valuation report by email
The delivery period of 3 to 5 business days will begin once the quote has been formally approved, the site visit has been completed, and all required documentation has been submitted. This period may be affected if additional inquiries to public agencies (City Hall, Land Registry, etc.) are required as part of the process.
Basic concepts regarding the valuation of parking spaces and storage rooms
A valuation of a parking space or storage unit carried out by an accredited appraisal firm like Gloval will help you determine its value and serve as a reliable tool for decision-making. Here are some of the reasons why you might need an Official Valuation Report:
- Buying and selling transactions.
- Rental transactions.
- Liquidation processes.
- Assessing value as part of an inheritance.
- Legal purposes.
- Tax-related matters.
When assessing a parking space or storage room, factors such as:
Garage
- Location: Area where it is located.
- Market: Supply and demand in the area where it is located.
- Type of space: If it is outdoors, floor where it is located, independence, etc.
- Access: Existence of ramps, maneuverability.
- Size: Square meters.
- Maintenance: It is important to know the annual costs that the community must assume to keep the space in good condition.
Storage Room
- Surface area: The main aspect to consider when assessing a storage room.
- Morphology: The more regular a storage room is, the easier it will be to take advantage of the available space.
- Location: Area in Wherever it is located.
- Accessibility: Its location within the building, elevator availability, and proximity to ramps.
- Security: The presence of a concierge, security alarms, and surveillance systems increases the value of this space.
Valuing a garage or storage room means determining its economic value on the market at a specific point in time. To do this, a technician analyses aspects such as the location, both in terms of the building in which it is located and its position within that building (e.g. basement floor), surface area, accessibility, state of repair, characteristics of the building and prices of similar properties in the area. This valuation is useful in transactions such as sales, inheritances, property divisions or financing applications, and provides an objective indication of how much that space is worth.
A valuation of garages and storage rooms is a technical report that determines the actual market value of these spaces at a specific point in time. To prepare it, a qualified professional analyses aspects such as the location, both in terms of the building in which it is located and its position within that building (basement floor, etc.), surface area, accessibility, general condition, demand in the area and other relevant factors. This document is useful in transactions such as sales, inheritances, mortgages or asset valuations, and provides an objective and justified reference as to how much they are worth.
You should request a valuation of your garage or storage room when you need to know its real value for an important transaction: for example, if you are going to sell it, include it as collateral in a mortgage, distribute an inheritance or carry out a property valuation. It is also useful if it is part of a joint transaction with a home or premises, or if you need to justify its value to an administration or in legal proceedings.
When the garage or storage room comes into play in property or financial decisions: if you are going to sell, buy, inherit, use it as collateral or register its value in a company. It can also be useful for resolving disagreements between owners or formally recording its value for third parties.
The value of a parking space or storage room is estimated based on several factors: location, size, ease of access, condition of the property, and legal status (whether or not it is linked to another property). Although reference prices are available on websites and in registries, only a professional appraisal can provide an accurate and reliable value.
Yes, it is valued equally. The difference lies in the fact that a garage or storage room attached to a dwelling is usually considered an annex to the dwelling and its value is included in the value of the property as a whole, generally at a price per square metre lower than that of the dwelling, and it cannot be sold separately. On the other hand, if it is independent and has its own registered property, it is valued as a separate unit.
The valuation of garages and storage rooms is usually based on methods that analyse their market value according to characteristics such as location, both in terms of the location of the building in which they are located and their position within that building (e.g. basement floor number), size, access (e.g. difficulty of manoeuvring), or the general condition of the property. The technician may use different methodologies depending on the purpose of the report and the availability of comparable information (for sale and for rent for garages or absence of a market for sale for storage rooms), adapting the approach to each case to offer a valuation in line with market reality.
The process of valuing a garage or storage room with Gloval usually takes 3 to 5 working days, provided you have all the necessary documentation at the time of application. The technician will contact you within 24 hours to schedule the visit, and after the inspection, will deliver the official report within the same estimated time frame.
The valuation of a garage or storage room can be valid for different purposes, but it must be adapted to each case. If it is needed for a mortgage, it must be an official valuation carried out by a company approved by the Bank of England. For a sale or inheritance, a technical valuation may suffice if no financial institution is involved. Even if the object being valued is the same, the purpose determines the type of report required and its legal validity.
If the garage is an unmarked space or the storage room is in a common area without physical enclosure, the valuation becomes more complicated. In these cases, it is essential that there is a registry or cadastral reference that certifies its identification and is confirmed after physical inspection, as without this documentation, formal valuation may not be possible. Furthermore, the lack of demarcation, enclosure, signage or physical separation may reduce their market value and limit their acceptance as collateral in processes such as mortgages or property divisions.
Yes, a garage or storage room can be valued even if it is rented out. In these cases, the valuer will take into account the current rental agreement, as this influences the value of the property. If the rent is stable, in line with market rates and the tenant is solvent, it can be considered a good income-generating asset, which could increase its valuation. However, if the rent is below market value or the contract limits its use or availability, this could have a negative effect on the valuation.