Property Valuation
When appraising a historic home in Texas, an appraiser may need to adjust comparables for 'architectural appeal' or 'historical significance' because:
AHistoric homes always sell for more than comparable non-historic homes
BSome buyers place premium value on historical features, which should be reflected in comparable adjustments if supported by market data✓ Correct
CTREC requires special appraisal procedures for historic homes
DHistoric homes are not subject to normal appraisal standards
Explanation
Market participants may pay a premium for historic features, character, or architectural significance. USPAP-compliant appraisers should analyze comparable sales and make supported adjustments reflecting any value difference the market places on such features. All adjustments must be market-supported.
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