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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?
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Caitlyn,
What are your other comparables selling for, sp/sf and sp-land / sf? Hard to build a deck for $5/sf.
 

Howard Klahr

Senior Member
Joined
Oct 4, 2004
Professional Status
Certified General Appraiser
State
Florida
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

Elite Member
Joined
Feb 8, 2004
Professional Status
Certified Residential Appraiser
State
Connecticut
Can you support the $5/SF adjustment is the Question ??
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
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

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
TSTM

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

AMF13

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
TSTM.

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

Dublin ohio

Senior Member
Joined
Mar 20, 2008
Professional Status
Licensed Appraiser
State
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.
 
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