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unusual paint scheme

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444nutman

Thread Starter
Senior Member
Joined
Jun 20, 2007
Professional Status
Certified Residential Appraiser
State
Florida
The subject has a Miami Hurricane theme to the front of the home. I have attached a picture. My thought is being in florida unless you are a die-hard Cane fan this house is not appealing. There is also 3 cars in the backyard. Any ideas?
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
The subject has a Miami Hurricane theme to the front of the home. I have attached a picture. My thought is being in florida unless you are a die-hard Cane fan this house is not appealing. There is also 3 cars in the backyard. Any ideas?

That doesn't seem like a big deal to me. It's a small conc. block house, and wouldn't take much to repaint.
 

sunnycal

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Joined
Mar 28, 2007
Professional Status
Licensed Appraiser
State
California
I agree with Mr. Leggett the paint is a minor thing that could be painted over for very little expense. What would your adjustments be based on? I matched paired analysis? Also, what do the cars have to do with anything? If the home were sold the cars would be removed. They are personal property and don't have anything to do with the subject's value.
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
I like the old cars, especially the truck. If they left them behind, I'd strip 'em down for a restore.
 

iguana

Freshman Member
Joined
Oct 24, 2007
Professional Status
Certified Residential Appraiser
State
Virgin Islands
The underwriter will be concerned about the paint scheme shown in the photos. I would recommend a cost to cure. The vehicles in the back yard are private property and can be removed easily. No problem.
 

paragonrea

Sophomore Member
Joined
Sep 5, 2007
Professional Status
Certified Residential Appraiser
State
Florida
Make downward adjustment of $100,000 for poor taste, GO NOLES.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
I like the old station wagon. Would sell for a ton with a fresh paint job and some 24s.
 

PropertyEconomics

Elite Member
Joined
Jun 19, 2007
Professional Status
Certified General Appraiser
State
New Mexico
Cost to Cure .... $100 bucks .. if you are worried about such a small amount then you dont have much to worry about. The amount of paint to rid the property of the "sign" would be very minimal in my opinion .. the rest looks fine.
I dont see an issue here.
 
Joined
Nov 7, 2005
Professional Status
Certified Residential Appraiser
State
Florida
"Fresh paint would greatly enhance marketability"

that is almost as good as the one I had with religious icons all over it - including crosses stuccoed into the exterior wall. I did make a cost to cure on that one
 
Last edited:

Josh Shapiro

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Joined
Jan 17, 2006
Professional Status
Certified Residential Appraiser
State
Florida
We have quite a few of them here in Tampa. But then again they are across the street and on adjacent streets to the stadium. They make pretty good money on the weekends. Parking alone can bring in 4-500 a weekend during the season.
 
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