- Jan 17, 2002
- Professional Status
- Certified Residential Appraiser
- North Carolina
Determining a justifiable bath or bedroom adjustment is really tough to pin down, especially when you are dealing with properties in the $500,000+ range. I always use comp sales with the same bedroom/bath counts when possible, but is there a good method for justifying the value of an additional bath or bedroom? Paired sales is the first method I would attempt to try, but it rarely seems to define an appropriate well-defined adjustment (especially if other factors had to be adjusted for first like square footage, quality, garages, etc.). In a recent "adjustments" class I took, the instructor used mass data comparing multiple 3 bedroom homes to 4 bedroom homes. Makes sense, but I wonder what other factors contributed to any value difference found (factors that weren't considered because every sale in the data set was not analyzed individually).