Jake Burhans explains why property valuations fail when comparing homes that differ too much in size or age. A gap larger than 250 square feet puts properties outside true comparability, making price-per-square-foot calculations unreliable. Professional appraisers like Fraser focus on building era and actual dimensions instead.
Yeah, but that's a 3/2. It's a little bit newer and it's about 300 square feet bigger, you know, so it's tough to compare that with the current property. Well, here's the thing. Well, because it's tough to— it's a different build generation as well as built in a completely different time period. So it's just like comparing apples to apples, right? It's hard to compare apples to oranges in that sense. You know, I know it seems technical, but in the reality, when you, when you have Fraser come out and do it, that's what they look at, right? They look at your build. They're going to look at anything over 250 square feet difference is not necessarily comparable, right? You can't really extrapolate price per square foot and all that.
