O'Reilly logo

REO Boom: How to Manage, List, and Cash in on Bank-Owned Properties: An Insiders' Guide for Real Estate Agents by Tim Shah, Aram Shah

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

[APPENDIX M]

Market Adjustments and Repair Costs

Market Adjustments Compared to Subject Property

Square Footage Adjustment $50/sq. ft (Very Good)

$30/sq. ft (Average)

$40/sq. ft (Good)

$25/sq. ft (Poor)

One Extra Bedroom $1100–$ 2400

One Extra Half Bathrom

$2400–$ 3500

One Extra Full Bathroom $3300–$ 4400

Additional Extra Rooms (Unfinished)

$10–$ 20/sq.ft.

One Incomplete Basement $10–$ 15/sq. ft.

One Complete Basement

$20–$ 25/sq. ft.

One Single Garage $2400–$3300

One Double Garage

$4400-$7000

One Single Carport $1650-$2400

One Double Carport

$2400–$3300

Centrally Heated vs. Non Centrally Heated $2400–$ 3300

Central A/C Systm vs. Non Central A/C System

$3300–$ 4400

Major Electric Upgrading $2,000
Home ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required