Real Estate Valuation Adjustments

[Kelly Githens]

Need some help quantifying Appraisal Adjustments and am willing to share my findings with those that respond. My name is Kelly Githens. I’m a General Appraiser in the State of Oregon. I’m working on a project that has three parts: 1) Merging/updating two appraisal eBooks; 2) Creation of a house valuation Tool (http://integratedresidentialreinvesting.com/); 3) Creation of an online course for those who want to learn how to value houses with the tools and background I provide. I’m seeking opinions of the various types and amounts of Adjustments, preferably in a percent format so that adjustments from one area are transferable to other areas of the country. Glad to share the results of my research with contributors.

Adjustment Items

Location:

-Negative: Busy Road, Freeway, Landfill,

-Positive: Park, River, Ocean, Lake

-GLA

Basement:

-Finished

-Unfinished

-Bedrooms

-Bathrooms

-Street Appeal

Parking:

-Garage Bay Adjustment

-Driveway

-On Street

Condition:

-Good

-Average

-Fair

-Poor

Functional Utility:

HVAC:

-Baseboard

-Radiant

-Forced Air

-Central AC

Amenities:

-Patio

-Deck

-Fireplace

-Outbuilding

-Sprinkler System

-Other