Multiple bathrooms, how to show as a number?

[Anthem]

In my market it is not uncommon to have 3 or more half baths so, I report it the same way our MLS does.. If I have 6 full and 3 half, it is 6.3 .... Of course I add an explanation for the reader.

 

[PropertyEconomics]

How about just a "yes" or "no" in the "bathroom" box.

Adjusting for bathrooms is silly unless they're causing some sort of functional obsolesence.

You are on the cutting edge of redefining appraisal theory. :Eyecrazy: How about we say that we do not know all markets and that in some markets it may make a difference and in others it may not ... and how about we say that some appraisres adjust depending on what their market says and others just make up new rules as they go along.

Its the latest trend.

 

[CANative]

I was trolling for a de-bait and I just threw out a little chum... chum. I've heard the phishing is good around these waters.

Bathroom adjustments (especially powder rooms) are taken from the lists we inherited becuause they can't be supported in any assignment other than new tract homes and even then I'd question it.

Same with fireplaces.

 

[PropertyEconomics]

I was trolling for a de-bait and I just threw out a little chum... chum. I've heard the phishing is good around these waters.

Bathroom adjustments (especially powder rooms) are taken from the lists we inherited becuause they can't be supported in any assignment other than new tract homes and even then I'd question it.

Same with fireplaces.

And in the mean time misleading some who come here seekign real answers not some ramblings of an old dude that is bored with how things should be and wants to spice things up a bit. :laugh:

 

[CANative]

My mission is to get appraisers to think like appraisers and not FannieFormat form-fillers. It's a long-term project.

Edit: Old dude?!! I'm in the prime of my income earning years. If I had any income to speak of I'd rub $100 bills in your face!

 

[CANative]

Please show me a true matched pair of sales with the powder room (or even a couple of baths) which you have isolated that one feature and where the difference is about $5000 for the bath and $2500 for the half bath.

Or if you can't show me a sample of your work in exctracting the adjustment.

 

[PropertyEconomics]

Please show me a true matched pair of sales with the powder room (or even a couple of baths) which you have isolated that one feature and where the difference is about $5000 for the bath and $2500 for the half bath.

Or if you can't show me a sample of your work in exctracting the adjustment.

Yada yada yada ... always the same ... yada yada yada ......

 

[CANative]

Yada yada yada ... always the same ... yada yada yada ......

We finally agree on something.

 

[Rice Brewer]

So I assume when you get ready for work in your "half bath" you bathe in the toilet?????

Opps, I meant to say " 3/4 bath".

 

[Tim Hicks (Texas)]

Fannie just changed it's reporting for its REO reports.
2 full one powder room -- not 2.5 -- now 2.1
So (guessing) 2 full + two powder rooms = 2.2
Fannie apparently never heard of a 3/4 bath

That is because a 3/4 bath is a ridiculous concept. I haven't had a bath in over 35 years, but I have 1-2 showers a day and I feel I am cleaner after a shower than a bath. Soaking is dirty water is clean???

I see bathtubs with no shower attachments, is that a 3/4 bath? I see showers with no bathtubs. They still serve the same purpose. Showers are easier for older people, too. They can out a chair in a shower, but fall and break hips getting out of bath tubs.

The 3.1 for three and half baths makes since because, if you have 3 full and two half baths, 3.2 makes more sense. But then again, most appraisers are too stubborn to change how they do things.