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» Financing » Valuation » Topics begins with N » Normal manufacturing costs


Page modified: Saturday, June 24, 2006 09:36:08

Normal manufacturing costs (NHK) or usual manufacturing costs are needed for the determination of the real value of a building.

The usual manufacturing costs can be inferred under normal conditions from the project documents. If these manufacturing costs no more are well-known, the historical normal manufacturing costs must be determined. For the determination of these historically resulted manufacturing costs ("§ 21 exp. 4 WertV) there are construction costs tables. These indicate the average construction costses (normal manufacturing costs), which are to be set surface for a certain building type per m

Became generally accepted meanwhile the normal manufacturing costs 1995 (NHK 95), which were replaced in the meantime by the normal manufacturing costs 2000. Opposite the NHK 95 some building types were again taken up, the DM values by "€ values and the VAT rate was replaced was adapted of 15% to 16%. The current version NHK 2000 is attached to the guidelines for the determination of the market values (market values) of properties (valuation guideline) from 19 July 2002 (plant 7 to the WertR2002).

Historical normal manufacturing costs can be inferred also from the following tables:

  • Guidelines for the evaluation of the real estate property (BewRGr), given change of the Federal Ministry for finances
  • Tables for the determination of the new building value of buildings (Ross/Brahmann/Holzner)
  • Tables of (estimation and determination of real estate values)
  • Bird tables and building evaluation corresponding to real market conditions)
  • Tables of (building appoximate values for the derivative of the objective value of buildings)
  • BKI - Construction costses 2005 (construction costs information center of German architectural associations)

The term is used with this meaning only in the building industry. In the cost calculation he does not find use.

See also

  • Property valuation

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