19/09/2025
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.
