When developing the rating ask yourself a simple question. Is the house better or worse then other houses in the street or is it similar? Don’t dwell on it, your immediate reaction is what we are looking for here.
If you say similar then we have the answer the property is rated as a 5 out of 10. If you say better then we now know it is rated at something greater than 5 and likewise if you say worse then it is rated at something less than 5.
Now let’s select a rating either above or below 5 based on your answer.
As the typical property in your street has a rating of 5, this is what we shall begin with. Add or subtract 1 to, or from 5 each time you answer the following questions.
If the answer is yes or no by a “country mile” then add or subtract 2. If it is neither better nor worse do nothing:
Houses
Does it look better than most properties in the street? Add 1 if yes, subtract 1 if worse
Is it newer or in better repair than other properties in the street? Add 1 if yes, subtract 1 if worse
Is the house larger then is usual for the street? Add 1 if yes, subtract 1 if worse
Does the house have more bedrooms then is usual for the street? Add 1 if yes, subtract 1 if worse
Is the land content more than is usual for the street? Add 1 if yes, subtract 1 if worse
Does the property have a better view or aspect than other properties in the street? Add 1 if yes, subtract 1 if worse
Units
Is the block of units better than others in the street. Better facilities and newer? Add 1 if yes, subtract 1 if worse
Is the interior of the unit in a better state of repair than you would find in the same block or others in the street? Add 1 if yes, subtract 1 if worse
Does the unit provide a larger living area than is normal for units in the area? Add 1 if yes, subtract 1 if worse
Does the unit have more than 2 bedrooms? Add 1 if yes, subtract 1 if worse
Does the unit have a better than typical view for the street? Add 1 if yes, subtract 1 if worse
Is the block of units situated in a better location than others? Add 1 if yes, subtract 1 if worse
Where the outcome of the above is more then use a rating of 10 and likewise a low rating can not be less than 0.
