Sf Adjustments

[Caitlyn Stuart]

Is it inappropriate to use a sf adjustment of $5.00 on a 600 s.f. dwelling that is inferior to other properties in the neighborhood? What comment would be appropriate?

 

[Elliott]

Caitlyn,
What are your other comparables selling for, sp/sf and sp-land / sf? Hard to build a deck for $5/sf.

 

[Dublin ohio]

Hard to build a deck for $5/sf.

Just priced material only this summer. about $6/sf just for material

 

[Howard Klahr]

adjustment of $5.00

Are you referring to an adjustment of $5.00 per sq ft or a dollar adjustment of $5.00. I would question ones ability to sufficiently measure and support a dollar adjustment totaling $5.00 especially considering the spread in adjusted values exceeding the adjusted amount i.e. the reconciliation likely rounded the conclusion greater than $5.00.

 

[jay trotta]

Can you support the $5/SF adjustment is the Question ??

 

[J Grant]

Is it inappropriate to use a sf adjustment of $5.00 on a 600 s.f. dwelling that is inferior to other properties in the neighborhood? What comment would be appropriate?

Do you mean $5 per sf ?
The price range of the comps can indicate the contributory per sf . The lowest I can recall making was $10 for older, fair quality MF house , and that was years ago . I believe the price range was 60k.

 

[Terrel L. Shields]

TSTM

Run sensitivity analysis on it, bet the results will be inconclusive.

 

[Tim The Enchanter]

TSTM.

That's not what she said.
Umm. What does that mean?

 

[Ms. Janet]

TSTM.

That's not what she said.
Umm. What does that mean?

Too small to measure

 

[Dublin ohio]

Is it inappropriate to use a sf adjustment of $5.00 on a 600 s.f. dwelling that is inferior to other properties in the neighborhood? What comment would be appropriate?

Seems awful low to me. A 10% difference in GLA would only be a $300.00 adjustment. Guess it would depend on sale prices of comps. On a 30K property that $300.00 would be 1%. On a 60K property it would be 1/2%. Pretty high degree of accuracy IMHO.