• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Reporting Underground Eletricity

Status
Not open for further replies.

Barry Kirsch

Freshman Member
Joined
Feb 17, 2003
If you determine underground electricity, or lack thereof affects value... where do you usually report that? Addendum?

Thanks!

Barry
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
market grid AND cost approach

explain in addendum...
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Little secret...select comps that are in the same neighborhood and they will probably have the same utilities. No adjustment.
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
If you can PROVE that a market differential is due to above-ground vs. underground electric, then make an adjustment. However, in 30 years, I've never been able to isolate that this required an adjustment. Generally, homes in a neighborhood all have similar utility service, so it rarely comes up.

Roger
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks