Reporting Underground Eletricity

[Barry Kirsch]

If you determine underground electricity, or lack thereof affects value... where do you usually report that? Addendum?

Thanks!

Barry

 

[Farm Gal]

market grid AND cost approach

explain in addendum...

 

[Mike Garrett RAA]

Little secret...select comps that are in the same neighborhood and they will probably have the same utilities. No adjustment.

 

[Restrain]

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