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Updated over 5 years ago,
ARV and FMV - adjusting comps prices
Hey BPers, I’ve got another question for you all.
I’ve been working through educating myself more and more on how to use comps to determine FMV and ARV, and I think from face value i understand comparing all the bones of comps such as bed rooms, size, year, condition, garages, location, etc etc.
My subject property is a top/bottom duplex where the garage is behind the building which I believe is less desirable. Furthermore the way you have to enter the units via a stair case in front is also less desirable than some of the comps.
While my subject property on paper has all the same basic features as some comps, like I said I think the comps are more desirable in the way the garages are placed, and the entrance to the units.
So how do I go about puttting a value on this type of thing?
Thanks guys!