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interior finish and windows are all
inferior. The addition is a large second
living room.
Many of these factors might affect
how a buyer perceives this area. The
In both examples, the appraiser might
say the addition has a positive impact
on the value, but in the second that impact is limited and does not have the
same contributory value as additional
GLA because of inferior workmanship
and limited functionality compared to
other homes of similar size. This can
affect the value of the home, which can
impact the underwriting of the loan.
