Definition
Feature adjustments account for amenities. Pool adds value; older HVAC reduces value. Two-car garage versus three-car creates adjustment differences. These adjustments vary by market—what's valuable in one market might be worthless in another.
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Feature adjustments reflect the market value of specific amenities and characteristics. A property with a pool might command a $15,000-$25,000 premium, while a three-car garage adds value compared to a two-car garage. Feature adjustments vary significantly by market and property type. High-value features in one market may have minimal value in another, requiring careful analysis of local market preferences.
Pro Tip
Research what features your market values before investing in improvements. Some upgrades add full value; others add less.
Example
A comparable home sold for $430,000 but lacks a deck, while the subject property has a newly built deck. A positive feature adjustment of $8,000 is made to the comparable sale for this difference.