For owners
Your property can express more value.
Nice analyses the current value of the property, identifies its potential and structures a measurable enhancement project, from design to the final result.
Who it is for
An existing asset can become a new opportunity.
- A property received through inheritance or succession
- An apartment to renovate
- A property that is hard to sell in its current condition
- A large property with subdivision potential
- An unused or low-yield property
- A property to sell or rent out more effectively
Nice does not simply carry out the works. Before any intervention a financial strategy is defined, checking whether the required investment is really able to produce new value.
Current value
The starting value must be real, documented and agreed.
Before developing the project, the current market value of the property is defined. The value is not determined on the basis of the owner’s expectations alone, but through concrete data:
- Micro-area and location
- Characteristics of the building
- Floor, orientation and natural light
- Condition of the property
- Energy class
- Planning and cadastral compliance
- Comparables actually sold
- Average absorption times
- Transformation potential
- Any valuations by agencies or independent surveyors
The agreed value is the basis of the Business Plan and makes it possible to measure transparently the value actually produced by the operation.
Final destination
Sell better or rent out: the strategy is defined before the works.
Enhance and sell
Nice develops the operation with the aim of increasing the commercial value of the property and accompanying it to the final sale.
Enhance and keep
Nice can redesign and subdivide the property to increase its value and its capacity to generate income.
At the end of the development, the owner keeps the new units and all future rents.
Nice does not withhold monthly percentages on rents and does not remain tied to management for years.
The path
Six phases, from analysis to result.
- 01Property analysis
- 02Defining the current value
- 03Potential study
- 04Enhancement Business Plan
- 05Design and development
- 06Final result
Remuneration
A fee linked to the value actually created.
The owner pays an initial fee for the analysis, design and management of the operation.
This amount is later deducted from the overall final fee: it is not added on top, it is part of it.
On top of this there is a variable component, linked to the result and calculated on the net increase in value actually produced, according to criteria agreed before the project starts.
In the case of a sale, the result is calculated on the value actually achieved. If the owner keeps the properties to rent them out, the result is determined on the final market value certified at the end of the works.
For selected operations with specific characteristics, Nice may consider tailored forms of participation.
Illustrative example
An example of enhancement
Purely illustrative example: it does not constitute a promise of return.
| Agreed initial value of the property | €1,000,000 |
|---|---|
| Total investment in the enhancement | €171,750 |
| Total final value of the three units | €1,420,000 |
| Gross increase in value | €420,000 |
| Net value created before Nice’s fee | €248,250 |
| Return on the capital invested in the enhancement | 144.54% |
| Overall return of the operation | 21.19% |
| Final net benefit to the owner, after Nice’s fee and VAT | approx. €184,000 |
In this example, every 100 euros invested in the works are recovered and generate a further 144.54 euros of net value before Nice’s fee.
Purely illustrative data. Costs, values, taxation, timing and results vary according to the characteristics of the property and the market.
FAQ
Frequently asked questions
Not necessarily. In most operations ownership remains directly with the client. Nice analyses, structures and coordinates the project.
No. Capital remains under the client’s control and payments are made according to the terms defined in the contract.
No. Nice operates in real estate advisory and Development Management. Brokerage activities are entrusted to licensed professionals and agencies.
No. Nice defines the strategy of the operation and coordinates designers, technicians and contractors, controlling timing, costs and quality.
No. The Business Plan may provide for the sale or for keeping the units for subsequent rental.
Through analysis of the micro-area, the building, the condition of the property, comparables, documentation and real market conditions. Where necessary, valuations by agencies or independent surveyors are considered.
In the standard model, the investment required for the enhancement is borne by the owner.
Through a fee defined before the engagement and, where provided, a variable component linked to the net value actually created.
No. If the owner decides to keep the properties, Nice’s engagement ends when the enhancement is complete. Subsequent rents and future value growth remain with the owner.
For selected operations with specific characteristics, Nice may consider tailored forms of participation.
No real estate investment can guarantee a certain return. Nice reduces risks through in-depth analysis, a prudent Business Plan and constant cost control. Part of our fee is linked to the result achieved.
Let’s talk about your real estate project.
Whether it is a new investment opportunity or a property you already own, the first step is understanding the goals, characteristics and potential of the operation.