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Which Approach to Value an Addition to a Daycare in a Dwelling

What is the best way to value an addition to a Daycare?

  • Use the cost approach solely. Add cost of addition to the existing depreciated house

    Votes: 2 100.0%
  • Blend the effective age of house plus addition and comp with similar sized houses

    Votes: 0 0.0%
  • Hunt 2 states for comparable Daycare. Don't stop until you find at least 2 sales.

    Votes: 0 0.0%
  • Use the sales approach and make an across-the-board adjustment for the addition

    Votes: 0 0.0%
  • Drink heavily

    Votes: 0 0.0%

  • Total voters
    2
  • This poll will close: .
Idk if it applies here, but a dated assumption was that commercial use was a higher HBU then residential, but with demand and price of res properties outstripping commercial in some areas, that is no longer a default assumption,

Daycare and group homes are sort of a low-level upgrade from residential use- idk if real commerical use is allowed in this res area - -
It's far more common than not in the urban/suburban areas for residential uses to be more valuable on a price/sf basis than office uses. (assuming similar quality/condition levels and general locations) . A group home is a arguably a residential use even if not under conventional occupancy. In this region most R1 zoning regs also allow small group homes by right; and many allow larger group homes by use permit.

Seeing how fashionable its become in our society for single moms to marry the State instead of a man I would guess that congregate living may be a viable alternative for some. There are already vids out there with women talking about teaming up to share households in order to get by. Same with those men who have figured out that they're better off living single and in minimalist environments.
 
It's far more common than not in the urban/suburban areas for residential uses to be more valuable on a price/sf basis than office uses. (assuming similar quality/condition levels and general locations) . A group home is a arguably a residential use even if not under conventional occupancy. In this region most R1 zoning regs also allow small group homes by right; and many allow larger group homes by use permit.

Seeing how fashionable its become in our society for single moms to marry the State instead of a man I would guess that congregate living may be a viable alternative for some. There are already vids out there with women talking about teaming up to share households in order to get by. Same with those men who have figured out that they're better off living single and in minimalist environments.
I love how you populated an imaginary group home ! Do you comment like that in your appraisals? ( I know you don't but it would be funny")

"The appraiser inspected the property as of x eff date. It was full of lazy single mothers leeching off the state, though a couple of units were occupied by single men who figured out they were better off that way. "

lol - that aside, I've seen res dwellings cut into smaller units that are rented out . But a licensed group home is something else and the tenants can be kind of dicey - some are out on parole, others are in drug or alcohol rehab programs or are farmed out y the state -

I did see one lovely group home, run by a very caring woman - filled with mentally disabled adults but she took great care of them, they were well dressed, sitting in a living room watching TV - I chatted with a few briefly just introduced myself why I was there - they all looked healthy and well fed and it seemed more like a big family. However, some of those homes are poorly run and have drug activity, assaults taking place among residents, etc. It can vary, and some areas end up banning group homes after neighbors organize and complain.
 
I wonder how a daycare license gets awarded in different areas - is the license for the person running the daycare center, or for the property, or for both?
 
As a tangent, as housing gets more expensive, "group living" may become a more economically viable form of occupancy for low income singles and couples.
Certainly there has been an 'RV explosion' in my part of the world. RV campsites are going up almost overnight - and most of them are full within a few weeks of opening. They're not campers any more - they're permanent residents.
 
I love how you populated an imaginary group home ! Do you comment like that in your appraisals? ( I know you don't but it would be funny")

"The appraiser inspected the property as of x eff date. It was full of lazy single mothers leeching off the state, though a couple of units were occupied by single men who figured out they were better off that way. "

lol - that aside, I've seen res dwellings cut into smaller units that are rented out . But a licensed group home is something else and the tenants can be kind of dicey - some are out on parole, others are in drug or alcohol rehab programs or are farmed out y the state -

I did see one lovely group home, run by a very caring woman - filled with mentally disabled adults but she took great care of them, they were well dressed, sitting in a living room watching TV - I chatted with a few briefly just introduced myself why I was there - they all looked healthy and well fed and it seemed more like a big family. However, some of those homes are poorly run and have drug activity, assaults taking place among residents, etc. It can vary, and some areas end up banning group homes after neighbors organize and complain.
I knew you'd appreciate that crack.

As it turns out, charity-funded halfway houses for convicts, sober living for drug addicts and single mom shelters have all come up in my appraisals on such properties. Of those, some get govt grants and others don't. But only the single moms are on social media all day everyday saying how they are independent and don't need no man to help them raise their kids - while at the same time taking money from either those men or the State for it.

You have never seen a group home for men who can't take care of themselves. Nor will you ever. Our society doesn't care what happens to men. (Me neither, for that matter). But women are privileged.

You know what they say - it's the thought that counts.
 
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As it turns out, charity-funded halfway houses for convicts, sober living for drug addicts and single mom shelters have all come up in my appraisals on such properties. Of those, some are govt funded and others aren't. But only the single moms are on social media all day everyday saying how they are independent and don't need no man to help them raise their kids - while at the same time taking money from either those men or the State for it.

You have never seen a group home for men who can't take care of themselves. Nor will you ever. Our society doesn't care what happens to men. (Me neither, for that matter). But women are privileged.

You know what they say - it's the thought that counts.
You certainly have your opinions!

FWIW, here's mine: it would be a lot cheaper for the state, in the long run, to offer a stipend to some folks not to get pregnant if a woman or not to make women pregnant if a man.

Oaky, my non-PC rant over, society cares about men and women - idk why you think otherwise. If you see more women post about their plight on social media, so be it. Men will take out their frustrations in shooting rampages and violence. Get back to me on which is worse.

Women are not so much privileged as vulnerable when they have young children to look after ( as would be men if they are the ones tasked) The problem is, having a young dependent child makes it impossible to work, and for a lower income worker, the pay is so poor that paying for child care is not possible,

Okay, moving on from there - men are in prison in higher numbers and in halfway houses and on parole in higher numbers. Unfortunately, women in our disturbed society are becoming addicted in greater numbers and doing time in greater numbers.

When I lived in NYC, they had what were called SROs - single-room occupancy buildings. A disheveled alcoholic or addict occupied each disgusting room, and it was scary just entering one of those places. Really sad- animals never sink so low. Even the dumbest, simplest animal behaves better than we humans do.
 
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