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4 Car Carport + 1 Boat Port Vs. Adjust..

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Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
O.K. I'll forget it. That's real easy since I don't know what it was about in the first place. :D
 

Judy Whitehead (Florida)

Senior Member
Joined
Jan 20, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Actually, I remember what the post was about. I was going to answer you the other morning and had to go in the field all day. Sorry. Your post was how to adjust for what sounded like a built-in carport and boat storage underneath a stilt home on the Gulf against a one car garage/two car garage.

I would bet that most of the people on the forum don't run into that situation very often - only those of us in coastal states.

What you described can differ from market to market. In other words, you would have to pair sales of homes with garages as compared to homes with built-in carports to see if the market recognized any difference. It sounds like the homes with the garages might be grade level (you didn't specify that) and the carport ones were stilt homes (you didn't specify that either).

In this market, I have been unable to prove that the market recognizes a difference between stilt and on-grade homes. The market differences appear to be primarily in the location (i.e. direct gulf access, etc.) and amenities with the home. You might start with the cost approach and compare that against the sales with carports and garages (assuming all other adjustments can be accounted for) and see if the market appeared to indicate a preference for one or the other.

Why are you pounting? I haven't been reading the forum much until the last few days so don't know any past history that may cause you to be upset. Your question about market adjustments was actually a fairly complicated one and you actually didn't give quite enough information. Anyway, I hope this helps.....
 
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