Appraise-It's automatic adjustment system can calculate adjustment values for your comps' living area, car storage, and porch/patio/deck. This can also apply to the Other (blank) comp grid rows.
Appraise-It follows a simple two-step process when performing automatic square footage adjustments. First, it uses the values you specify in the Adjustments addendum to calculate the total value of the square footage in all properties; then, it subtracts the value of each comp's square footage from the value of the subject's square footage. The result is entered as the adjustment in your comp grid.
1. With your report open in Appraise-It, go to Contents ⇨ Adjustments, or click the Adjustments icon on the toolbar.
2. Enter the value of a square foot in the adjustment field.
3. Check the Automatic box.
4. If desired, enter a threshold percentage in the Adjust? column.
5. Close the Adjustments Addendum and navigate to your sales or listings grid, then enter your subject's square footage value.
6. Enter your comp or listing's square footage value.
7. An adjustment based on the difference between the subject and comp or listing's square footage will be inserted in the adjustment column.
In this example, the subject's Gross Living Area is valued at $10,000 while Comp 1's is valued at $15,000, resulting in a -$5,000 adjustment.
See Also
How does Appraise-It calculate time adjustments?
How does Appraise-It calculate bath adjustments?
How does Appraise-It calculate room count adjustments?
How does Appraise-It calculate basement adjustments?
