Is the appraisal process different from modular home to residential home?
No. The three aopproaches to value (Cost - either Reproduction or Replacement, Income, and Sales Comparison) would still be utilized as appropriate (most likely, the Income approach would not be applicable).
The DATA used in the approaches might be different (e.g. modular costs vs. site-built costs for the cost approach, sales of modular homes as comparables rather than site-built homes, etc.), but the process - the application of the approaches to value - would be the same.
Modular homes can - but don't always - have a lower overall quality than their site-built equivalents in any particular neighborhood. But that difference, if it exists, is no different than, say 2x6 construction vs. 2x4 construction or tile vs. shingle roof. These are all factors that must be analyzed and applied by the appraiser. I myself have seen more than one modular home that exceeded the typical site-built home in its area in quality, design and construction features. Of course, it was no less expensive than a site-built home. As with most things, you tend to get what you paid for whether it was built onsite or off. Just because a home (or building) is of modular construction does not intrinsically mean that it is of lower quality. It just so happens that the majority of modular homes are, in fact, designed to save money. When you think about it, it makes logical sense -- if you are paying a lot of money, you want the ability to custom-design, so the appeal of modular construction (at least high-volume modular construction) trends to the lower quality with fewer custom features.
Bottom line is - again - that you get what you pay for. If you are an experienced home buyer and you can look at a particular home 100% objectively and say that you would pay as much or more for it than a similar stick-built home in the same neighborhood, then a buyer and an appraiser would likely go the same way. If it's a cheap POS, then the opposite would hold true. There's nothing intrinsically bad or even different about modular construction - it all comes down to quality, design, features, and (from a construction standpoint), cost.
What is the difference between a strike team and a task force?
. The difference between a Strike Team and a Task Force is:
A. Strike Teams are in the Operations Section while Task Forces are in the Planning Section.
B. Strike Teams have similar resources while Task Forces are comprised of mixed resources.
C. Strike Teams report to an Officer while Task Forces report to a Leader.
D. Strike Teams have a lower span of control ratio when compared to Task Forces.
What is the appropriate hug between woman and male stranger?
No hug... if a male stranger is trying to hug you, I'd run.... for my life
What is the difference between sales executive and sales officer?
The difference between a sales executive and sales officer will depend upon the company. Most times, a sales executive will have a higher position than a sales officer.
How can you prepare 1x Tae buffer from 50x Tae buffer?
This depends on the final volume you intend on making. Say you want to prepare 500 mL of 1X TAE. You will need 10 mL of 50X TAE to prepare 500 mL of 1X TAE.
What is the difference between a factor and a covariate for multinomial logistic reg?
It is just a factor or categorical variable. On the other hand for instance, If your age is continuous (rather than age brackets) then it would be a covariate. If your age is given as age-brackets, then it wont be covariate.
What is the difference between filed and unfiled commercial property floaters?
Filed forms have been reviewed and approved for use by a state Insurance Department for sale by the insurance company that submitted it for approval. Unfiled forms are floaters an insurance company markets to customers which are subject to later review by a state Insurance Department, if necessary.
What is the difference between horizontal and vertical reservation?
Vertical reservations are those that are in favor of backward classes, scheduled castes, and tribes. Horizontal reservations are those that favor of people who are physically handicapped.
What is the difference between Mockingjay and mockingbird?
A mocking jay is a combination of a real bird and a genetically engineered bird. In other words it's a mocking bird bred with a jabber-jay. A mocking bird is just a real mocking bird.
What is the difference between a braid and a plait?
think before you click
the braid is made of flour milk and shortenings the plait is use so you can eat your food with the spoon and fork XD
What is the difference between Maalox and Gaviscon?
Maalox is a brand name antacid containing Aluminium hydroxide and Magnesium hydroxide to neutralize or reduce stomach acid .
Gaviscon is a non-prescription medication for the treatment of heartburn and GERD. It is produced and distributed in the UK by Reckitt Benckiser and by GlaxoSmithKline in the US and Canada.
What is the difference between 45 acp and 45 colt?
The .45 ACP--which stands for AUTOMATIC COLT PISTOL is used in semiautomatic pistols. The .45 Colt is used in revolvers.
What is the difference between the Latex Gloves and Rubber Gloves?
its called latex gloves and the other glove is called rubber
What is the difference between tapping and taping?
Tapping: you bouncing your pencil point or your finger on a desk. Taping: you using tape to wrap a present.
What is the difference between a sharp 11th and a flatted 5th?
They appear to be exactly the same, but I don't understand why some time a sharp 11 is noted and other times a flat 5 is noted. If there is a reason for this I do not know what it is.
What is the difference between a metre and a square metre?
The metre is a unit of length (linear, on one plane). Metre squared is 2 dimensional, and is considered area.
How do you tell the difference between old and young nipples?
Old nipples are dark brown and rather wrinkly whereas young nipples are pink or very light brown, plump and wrinkle-free!
What is The different between a cheerio And cocktail Frankfurt?
nothing, it just depends where you are. In Queensland mini or cocktail frankfurts are known as "cheerios"
What is the difference between a chewable and an enteric coated tablet?
An enteric coated tablet has a shell that prevents it from dissolving in the stomach. If chewed the shell will be broken and the medicine will encounter the stomach wall. Enteric coatings seek to prevent this because some medicines are harmful to the stomach but not to the small intestine where they are digested.
What is the difference between chrome and polished chrome fixtures?
Polished chrome is shiny like almost mirrored. Chrome is more Matte, less shine