p19tlp5tvjstv8ap1c8r1gsp13e96.jpg
In the world of property valuations, there's no such thing as the "perfect" comparable sale, because it's nearly impossible for an appraiser to find an exact replica of a subject property. So when a comparable property has a feature that is not the same as the subject property, an appraiser will make an adjustment to the comparable's sale price to account for the difference. From design and architecture styles to energy efficiency, here's a look at some of the most common or costly home features that get adjusted in appraisal reports. The data, from CoreLogic, is based on a national sample of 1.3 million appraisals completed between 2012 and 2015.
p19tlp5tvs1u8u9gf18n43o21hjb7.jpg

Design Style

Frequency of Adjustment: 5.36% Median Adjustment Amount: -$2,000
p19tlp5tvt1i4s1b0312941jvh1kcm8.jpg

Energy Efficient

Frequency of Adjustment: 7.72% Median Adjustment Amount: $1,000
p19tlp5tvum9bprn15p41u9vacs9.jpg

Location

Frequency of Adjustment: 18.17% Median Adjustment Amount: -$3,000
p19tlp5tvv1tdi1ke41fir1bvi8a.jpg

View

Frequency of Adjustment: 20.27% Median Adjustment Amount: -$1,000
p19tlp5tvv131br01bnvu0deo7b.jpg

Heating/Cooling

Frequency of Adjustment: 21.87% Median Adjustment Amount: -$500
p19tlp5u001008n8104kpljgic.jpg

Date of Sale

Frequency of Adjustment: 22.64% Median Adjustment Amount: -$3,897
p19tlp5u01m3l1g521hndrh31g65d.jpg

Overall Condition

Frequency of Adjustment: 53.91% Median Adjustment Amount: -$5,000
p19tlp5u021p0n15rv13j3uj1fm0e.jpg

Porch/Deck

Frequency of Adjustment: 55.88% Median Adjustment Amount: $1,000
p19tlp5u03pfmvt1s47176qlomf.jpg

Number of Rooms

Frequency of Adjustment: 70.43% Median Adjustment Amount: -$750
p19tlp5u05jsgjaa1qi1l891v6sg.jpg

Living Area

Frequency of Adjustment: 96.38% Median Adjustment Amount: $720
MORE FROM NATIONAL MORTGAGE NEWS