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Updated almost 12 years ago,
Subject Property Wood Frame Exterior Comps Brick Exterior How to Adjust?
EDIT: Siding is VINYL not wood.
About to pick up another rental for myself potentially. The problem is the subject property has a vinyl frame exterior and all the comps have brick exterior, and because of this doesn't really conform to the rest of the neighborhood.
Subject Property
1450 sq ft/ built 1987/ exterior vinyl / ARV ???
Comps:
1. 1530 sq ft / built 1987/ exterior brick/ Sales Price 112,000
2. 1480 sq ft/ built 1999/ exterior brick/ Sales Price 108,000
3. 1540 sq ft/ built 1987/ exterior brick/ Sales Price 109,000
I am not sure how to value the wood frame exterior and deduct from the ARV since the surrounding com parables are all brick.
Thanks everyone