- Jun 3, 2008
- Professional Status
- Certified Residential Appraiser
Having a little trouble trying to grasp exactly how effective age of a property is determined, I understand the book definition of effective age, guess what I am looking for is what factors should I be looking for when doing a property inspection that will indicate an appropriate effective age. I understand that effective age is subjective, Am I right in my thinking that when determining effective age, using 5 year increments (ie a 35yr old property) is acceptable, and trying to determine the CORRECT effective age to the year is futile if not impossible. Unfortunately I am without a sponsor at the present time to get this information from.