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Sf Adjustments

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Caitlyn Stuart

Junior Member
Joined
Aug 9, 2002
Professional Status
Certified Residential Appraiser
State
Pennsylvania
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?
 
Caitlyn,
What are your other comparables selling for, sp/sf and sp-land / sf? Hard to build a deck for $5/sf.
 
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.
 
Can you support the $5/SF adjustment is the Question ??
 
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.
 
TSTM.

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