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1 Story Vs 2 Story
- Thread starter Charles Sciba
- Start date
- Status
Mile High Trout
Elite Member
- Joined
- Feb 13, 2008
- Professional Status
- Certified Residential Appraiser
- State
- Colorado
DMZ & Kennedy have great points here.
When dealing with higher end markets, the comparative stature can provide offsets which contribute towards a more streamlined pricing and market acceptance of variable builds. Consider the value in use, because as Residential Guy stated, the high end features may just set them further apart.
Knowing how many ranches were in the area in the first place is helpful.
This issue is easiest to tackle when all the bi's tri's and two's typically do not represent with a full basement like the ranch will have. Then comparative stature may be similar. If they all have basements, the ranch will have less comparative stature, but will still enjoy a higher ppsf cost to build on many occasions. Determining weather the buyers in the market have supported the higher ppsf cost of ranches is the appraisers challenge.
When dealing with higher end markets, the comparative stature can provide offsets which contribute towards a more streamlined pricing and market acceptance of variable builds. Consider the value in use, because as Residential Guy stated, the high end features may just set them further apart.
Knowing how many ranches were in the area in the first place is helpful.
This issue is easiest to tackle when all the bi's tri's and two's typically do not represent with a full basement like the ranch will have. Then comparative stature may be similar. If they all have basements, the ranch will have less comparative stature, but will still enjoy a higher ppsf cost to build on many occasions. Determining weather the buyers in the market have supported the higher ppsf cost of ranches is the appraisers challenge.
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