From The ValuVault: Condition vs. Quality — What’s the Difference
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From The ValuVault: Condition vs. Quality — What’s the Difference
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In this week’s ValueVault episode, Charlie Johnson explains why condition and quality aren’t the same—and why that matters for price. – Condition = upkeep: repairs, cleanliness, wear and tear – Quality = materials and craftsmanship: economy/basic vs. custom/luxury build – A home can be in excellent condition, but builder-grade quality, or high-end quality, but poorly maintained – Appraisers use UAD ratings: Condition C1–C6 and Quality Q1–Q6 to keep reports consistent – Pricing and marketing should reflect both: maintenance level and construction/finish level 📌 Appraisers: Support adjustments using UAD C and Q ratings plus paired sales (condition vs. quality impacts). 📌 Agents/Sellers: Describe upgrades by type and grade (e.g., quartz counters, custom millwork) and note recent maintenance. Bottom line: Condition is upkeep. Quality is craftsmanship. Both affect value differently.
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