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Value of a terrace

Started by newbuyer99
about 16 years ago
Posts: 1231
Member since: Jul 2008
Discussion about
I am trying to figure out how to factor in a large terrace (say 200-500SF) when doing comps of rental apartments. Does having that kind of terrace make an apartment $500/month more than an equivalent apartment with a balcony? $1000/month more? What about compared to an equivalent apartment with no outdoor space at all? Thanks
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