COURSE OVERVIEW:

This workshop will review the characteristics that determine construction quality for residential properties by use of the Marshall & Swift Valuation Service. House images will be included in the presentation and will lead to extensive classroom participation. Actual construction costs will also be considered as a guide to determining quality. Images will also assist in the discussion on rating homes for condition in relationship to the definition and description for each condition rating. The determination of condition will lead directly into calculations for effective age. Effective age will be defined and demonstrated on how to extract it from the market. Several data sets will be provided for the students to calculate effective age and how to use for the development of a depreciation or percent good table. Topics discussed are: USPAP review, cost approach, quality, condition, physical deterioration using effective age, functional obsolescence, external obsolescence and depreciation and effective age extraction.

THIS CLASS SESSION WILL BE A ONE DAY SESSION ON MONDAY. INSTRUCTION WILL BEGIN AT 8:00 AM.

MATERIAL PROVIDED

• Printed reference material will be provided on the first day of class.

ATTENDANCE WILL BE TAKEN EACH DAY AND LAA CREDIT HOURS WILL BE UPDATED FROM SIGN IN ATTENDANCE SHEET. CERTIFICATE OF ATTENDANCE ARE AVAILABLE UPON REQUEST AFTER THE WEEK OF THE COURSE. E-MAIL EDUCATION@LOUISIANAASSESSORS.ORG TO REQUEST A CERTIFICATE IF NEEDED FOR YOUR REFERENCE.