A property has a poor floor plan because it has only 1 ½ bathrooms in a market that clearly requires 2 or 2 ½ bathrooms. This problem could be corrected for about $5,500 by moving some interior walls around. The floor plan problem is fairly common in this market, and there is enough data to show that homes with this problem sell for $160,000 and homes without the problem (i.e., with 2 baths) sell for $170,000. This house is 30 years old. Adding the half bath during construction could have cost $1,000. This problem is best defined as
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Which approach is usually the most applicable for appraising…
Which approach is usually the most applicable for appraising residences?
Adjustments are made
Adjustments are made
A technique for extracting adjustments directly from the sal…
A technique for extracting adjustments directly from the sale prices of comparables based on the contribution of a single feature is called
Property sale prices
Property sale prices
This is the first questions.
This is the first questions.
Effective age is
Effective age is
Adjustments for real property rights conveyed reflect
Adjustments for real property rights conveyed reflect
The total construction cost of a structure requires consider…
The total construction cost of a structure requires consideration of which of the following?
If the appraisal assignment requires an estimate of market v…
If the appraisal assignment requires an estimate of market value