Appraise-It's automatic adjustment system can calculate adjustment values for your comps' bedrooms and bathrooms. This can also apply to the Other (blank) comp grid rows.
Appraise-It follows a simple two-step process when performing automatic room adjustments. First, it uses the values you specify in the Adjustments addendum to calculate the total value of the rooms in all properties; then, it subtracts the value of each comp's rooms from the value of the subject's rooms. 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 room 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 number of rooms.
6. Enter your comp or listing's number of rooms.
7. An adjustment based on the difference between the subject and comp or listing's number of rooms will be inserted in the adjustment column.
In this example, the subject's bathrooms are valued at $10,000 while Comp 1's are valued at $15,000, resulting in a -$5,000 adjustment. When working with both full and half baths, the results can be more complicated and are explained here.
See Also
How does Appraise-It calculate time adjustments?
How does Appraise-It calculate bath adjustments?
How does Appraise-It calculate square footage adjustments?
How does Appraise-It calculate basement adjustments?
