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Updated over 3 years ago,
How to look at comparables properly-guidance
Hi there,
I’m looking at comparables for an 1800 sq foot ranch with 3bed and 2.5 bath with 2 car garage that is an 80’s bungalow and needs updating; however, I’m looking at most homes and they are significantly larger or updated inside. What do I deduct or add for extra bedrooms, extra rooms overall, square footage, 2 car garage, 2 story vs 1 story? Do you all just determine price per square foot and then multiply that by the square footage of the property your interested in and then add and deduct for garage , extra room after you get the value. Any input on how you determine the value of the property your interested in when other properties are larger, smaller, etc, would be appreciated. Thank you!