Manage valuation settings (Basic Cost - Commercial)

Create and manage the following settings for Basic Cost Commercial valuations:

Round To Values: Values used when rounding building and land values.
Cost Data Sets: Cost data set years.
Components: Building components, such as Porch or Pool.
Land: Land components, such as Number of Acres.
Class Types: Class types, such as Metal Frame.
Condition Types: Types of condition, such as Average.
Occupancy Types: Types of occupancy, such as Apartments.
Section Types: Section types and codes.

Prerequisites

View Settings permission is required to view the Valuations panel.

Edit Appraisal Settings permission is required to add, edit, or delete valuation settings.

Manage round to values

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.

On the Round To Values panel, select Edit.
Populate the fields.

Round Building Values To: Enter a number to use when rounding building values.
Round Land Values To: Enter a number to use when rounding land values.

Note: Round To Values must be 1 or a number divisible by 10.

Select Save.

The values are added and display in the Round To Values panel.

Manage cost data sets

Add a cost data set year

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Cost Data Sets panel, select Add.
Enter the Year for the cost data set.
Select Add Year.

The year displays in the Cost Data Sets panel.

Delete a cost data set year

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Cost Data Sets panel, find the year and select the Delete icon.
If the cost data set is eligible for deletion, select Yes on the confirmation message.
Note: If the cost data set is currently in use on an appraisal, it cannot be deleted.

The year is removed from the Cost Data Sets panel.

Manage components

View component details

Note: View Reference Data permission is required to view the Components panel.

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Components panel, view component details.
Select the expander icon to view Characteristics and Cost Lookup Keys for a component.

Add a component

Note: Edit Appraisal Settings permission is required to add and edit components.

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Components panel, select Add.
Populate the Component Attributes.

Name: Enter a name for the component.
Type: Select a type, either Building, Building Improvement, or Land Improvement.
Input Unit: Select an input unit, such as acres or feet.
Use Adjusted Base Cost: Select to use the adjusted base cost.

Select Next: Characteristics.
Populate the Characteristics.
1. Enter the characteristic name in Characteristic 1 field.
2. Select Add Row.
3. Enter a Value.
  
  Tip: To delete all Values under a Characteristic, select the Delete button beside the Characteristic name.
4. Repeat as needed.
Select Next: Cost Lookup Keys.
To select an Available Lookup Key, highlight it and select the right-facing arrow icon.

Tip: To deselect a lookup key, highlight it in the Select Lookup Keys section and select the left-facing arrow icon.

Select Create Component.

The component displays in the Components panel.

Edit a component

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
In the Components panel, select Edit.
Adjust the Component Attributes, Characteristics, and Cost Lookup Keys as needed.

Note: The Type and Input Unit Component Attribute fields cannot be edited.

Tip: To delete all Values under a Characteristic, select the Delete button beside the Characteristic name.
Select Save.

The information is updated in the Components panel.

Reorder components

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Residential.
On the Components panel, select Reorder.
On the Reorder Components modal, select a component Type.
Select and drag the sort row icon (3 horizontal lines) to reorder the components.
Select Reorder Components.

The sort order is updated in the Components panel grid.

Manage land components

Note: View Reference Data permission is required to view the Land panel.

Add a land component

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Land panel, select Edit.
Select Add Row.
Populate the fields.

Name: Enter a name for the land component.
Input Unit: Select Acres, Each, Feet, Lots, or Sq Ft.
Include in Acre Counts (optional): Select to include the land component in acre counts.
Include in Lot Counts (optional): Select to include the land component in lot counts.

Select Save.

The land component displays in the Land panel.

Edit or delete a land component

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Land panel, select Edit.

Edit a land component: Adjust the information as needed.

Delete a land component: Select the Delete icon.

Select Save.

The information is updated in the Land panel.

Manage class types

Add a class type

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Class Types panel, select Edit.
Select Add Row and populate the fields.

Name: Enter a name for the class type.
Report As Code: Enter the code that will display for the class type on reports.

Select Save.

The option displays in the Class Types panel.

Tip: You can change the order of the building conditions from the Edit Class Types screen by dragging the Reorder icon.

Edit or delete a class type

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Class Types panel, select Edit.

Edit a class type: Adjust the Name as needed.
Delete a class type: Select the Delete icon.

Select Save.

The information is updated in the Class Types panel.

Manage condition types

Add a condition type

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Condition Types panel, select Edit.
Select Add Row and populate the fields.

Name: Enter a name for the condition type.
Report As Code: Enter the code that will display for the condition type on reports.

Select Save.

The option displays in the Condition Types panel.

Tip: You can change the order of the exterior wall options from the Edit Exterior Walls screen by dragging the Reorder icon.

Edit or delete a condition type

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial .
On the Condition Types panel, select Edit.

Edit a condition type: Adjust the Name as needed.
Delete condition type: Select the Delete icon.

Select Save.

The information is updated in the Condition Types panel.

Manage occupancy types

Add an occupancy type

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Occupancy Types panel, select Edit.
Select Add Row.
Populate the fields.

Name: Enter a name for the occupancy type, such as Apartments.
Section: Select a section, such as Apartments, Clubs, & Hotels.
Report As Code: Enter the code that will display for the occupancy type on reports.

Select Save.

The option displays in the Occupancy Types panel.

Edit or delete an occupancy type

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Occupancy Types panel, select Edit.

Edit an occupancy type: Adjust the fields as needed.
Delete an occupancy type: Select the Delete icon.

Select Save.

The information is updated in the Occupancy Types panel.

Manage section types

Add a section type

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Section Types panel, select Edit.
Select Add Row.
Populate the fields.

Name: Enter a name for the section type.
Report As Code: Enter the code that will display for the section type on reports.

Select Save.

The option displays in the Section Types panel.

Edit or delete a section type

From the left-side navigation, select Settings > Appraisals.
On the Valuations panel, select Basic Cost - Commercial.
On the Section Types panel, select Edit.

Edit a section type: Adjust the fields as needed.
Delete a section type: Select the Delete icon.

Select Save.

The information is updated in the SectionTypes panel.