In property appraisal, what does a positive adjustment indicate?

A positive adjustment in property appraisal indicates that valuable features have been added to the property. When appraisers conduct a comparative market analysis, they adjust the value of a property based on its unique characteristics relative to comparable properties. If a property has enhancements such as a renovated kitchen, additional square footage, or premium amenities, these features can increase its market value compared to similar homes. Therefore, a positive adjustment reflects the added value attributed to these desirable attributes, making the property potentially more appealing to buyers.

This adjustment process is crucial for ensuring that the appraisal accurately reflects the property's worth in the current market. It helps in setting an appropriate selling price or assessing a fair market value for financing purposes.