J Grant
Elite Member
- Joined
- Dec 9, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Florida
so no adjustment?
There may be an adjustment in some cases, in many others not ( as you see by the posts ) I know it frustrates people to hear this, but it depends. Individual property and market area and local preference as well as price points /other upgrades of the properties factor into it. I've isolated roofs for adjustment ( new roof vs old, or S tile or high quality metal vs cheap comp tile ), but other times just considered it qualitatively (meaning the roof upgrade might see the house reconcile at a higher $ value but not receive a line item adjustment )
In some lower price markets this can even be an over improvement ( cost of upgrade does not get returned on sale) aka market sees it as a super adequacy.