Q1 or Q2

[mhaldane]

Tons of functional obsolescence...that's all I can see

Agreed. I've come across a few of these and they usually sell for less than a same size/quality house.

 

[factsandtruth]

"EPIC HOMES" on the discovery channel are Q1 homes...

 

[JSmith43]

While the loans made on Q1 properties don't wind up going to FNMA/FHLMC, there are many lenders (at least in my experience) who package and document their non-conforming loans to GSE standards - including the use of the GSE forms, UAD compliance and all the rest.

And, like everyone in this forum, I hope that you're prevailing in your illness: we all hope for the best possible outcome for you.

Ditto those comments. Rich Heyn & his contributions to appraiser's understanding of various issues, I consider the voluntary gift of sharing with us his point of view on many topics to be a gift of strong point of guiding lights & enlightenment for many of us.

The best to you, indeed!

 

[Rich Heyn]

I'm fine, thanks. Had a 20 pound liposarcoma taken out along with a kidney in April. There's a 60% chance that it will return, but there are lots of folks with worse prognosis. I was pretty sick for a long time and took four or five months to fully recover from the operation, but I feel pretty good now and don't have to go back to the oncologist until May. Thanks to all for the concern.

 

[J Grant]

Rich, so great to hear you are feeling better! You sounds like a strong person and 2015 promises to be a good year.

Do you ever drink Aloe Vera Juice? I added it recently to diet and it is a great health tonic (drink it cold otherwise it tastes yucky)

 

[JSmith43]

I'm fine, thanks. Had a 20 pound liposarcoma taken out along with a kidney in April. There's a 60% chance that it will return, but there are lots of folks with worse prognosis. I was pretty sick for a long time and took four or five months to fully recover from the operation, but I feel pretty good now and don't have to go back to the oncologist until May. Thanks to all for the concern.

There is positive research with respect to Ketogenic diets to defeat cancer by starving it of glucose, while allowing healthy cels to convert ketone to glucose, something cancer cells can't do, I guess.

Here is a doctor/skeptic that was once a proponent of Ketogenic diets, who recently revised his views. The trend is uncertain as to the support of the theories. Drug companies hate the idea since that would lop off a serious income stream, if successful.

There has been controversy in a possibly rigged FDA study in the '90's where the positive results were apparently withheld from the patent owner.

There are current FDA studies under way.


Skeptics article:http://www.chrisbeatcancer.com/dr-gonzalez-dismantles-ketogenic-diet-for-cancer/

 

[BNICK]

This is a very unusual home. It was a barn built from stone in 1920 with a full basement. People bought it and made it into a house. Used very high quality materials inside. The cost to renovate the property was nearly 800,000. I can rate the interior clearly as Q1. But the exterior still looks pretty much like the old barn in terms of the facade. Of course you would never be able to build the outside with these kinds of materials today. It would cost a fortune. But it still looks like an old barn. So to me it's a Q1.5. I have included an exterior picture.

Opinions wanted.

 

[BNICK]

Do not be overwhelmed by the the remodel the subbject is Q3 AT best

 

[Fargo1]

Q2 kitchen vs Q1 kitchen

From back at page 2 - I'd argue that first kitchen is a Q3 at best. That 2nd picture might be Q1 though.

Q1= "Is there's a bigger, better, or more expensive material I can get in place of this one here? Seriously, I've got a lot of coin and I can send my jet to Japan for a toilet seat if that's what it takes. Are you sure we can't resurrect this Frank Lloyd guy...his stuff is the shizzle." You're hiring 1%'er craftsman from around the country, at least, to do a lot of the specialty work. If you can see drywall somewhere a mistake has been made.

Q2= "I've got more money than sense, but just barely." Almost nothing you can touch in a C2 home can be sourced at a home depot and the guys standing around the front looking for work don't have the skills to execute many of the construction methods and materials being used.

Q3=Really nice residential construction. Fundamentally, the materials and methods are no different from a tract home. There's a little more effort on design. Materials can be mostly be sourced locally, maybe not from home depot, but from from a nice specialty store in the next big city over is no problem. The home depot crew can do most of the work as long as they've got competent supervision.

One of the things I check out sometimes to keep my Q1 Q2'er calibrated is this site.

http://www.flickr.com/groups/photographyforrealestate/pool/

Here you'll see some work from top photographers shooting some of the nicest homes in the country.

I like those defiitions. Thats pretty much how I read them too.