OverviewUse the Cost Adjustments screen to enter or select the following optional items for the estimate: Indicated Value by the Income Approach |
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Note: All of the items on this screen are optional. If you do not make an entry for the option, Commercial Estimator uses the default listed on the right side of the screen.
The local multiplier adjusts the calculated costs to the location of the building. Commercial Estimator automatically uses a local multiplier based on the ZIP or Postal Code entered on the General Information screen (using the local multipliers in Section 99 of the Marshall Valuation Service or Commercial Cost Explorer). To override the automatic local multiplier for an estimate, enter the desired multiplier in this field (using a number between 0.1 and 6.00).
Example: To set the Local Multiplier to 1.15, enter 1.15 in this field.
Commercial Estimator automatically includes an appropriate amount of architect's fees in the calculated costs, based on the building’s occupancy, class and quality. To override this for an estimate, enter the architect's fee percentage in this field (as a number between 0 and 99.9). To eliminate architect's fees from the calculations, set the architect's fee percentage to 0.
Example: To set the architect's fee percentage to 7.5%, enter 7.5 in this field.
The report date is the date of the costs in the report. To get costs for a different date, enter the date of the report for the cost data you want to use (in the format of mm-yyyy).
Costs are available for current or prior dates only. The earliest date available is October 1975, and the latest date is the current month and year.
Example: To calculate the costs as of March, 1997, enter 03-1997 in this field.
Use these three fields to enter the Indicated Values by the Income Approach and Sales Comparison Approach, and the Estimated Market Value. The values you enter here print in the reports for reference purposes.