Property Valuation
A Minnesota appraiser is adjusting comparables for a swimming pool that the subject property has but the comparables do not. The appraiser adds $15,000 to each comparable. This makes the comparables:
AMore comparable to the subject, increasing each comparable's adjusted value✓ Correct
BLess valuable than the subject after adjustment
CEqual to the subject in terms of this feature
DIncorrect - pools should be subtracted not added
Explanation
When the comparable lacks a feature the subject has (like a pool), the appraiser ADDS the pool's value to the comparable to make it equivalent to the subject. The adjusted comparable value is $15,000 higher. This is correct: to bring the comparable up to the subject's level, add the value of missing features. The adjusted comparables should then bracket the subject's value.
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