What is the value of a property if a frame constructed house with an attached single car garage sold for $68,000, adjusting for a double garage?

To determine the correct value of the property after adjusting for a double garage, it is essential to recognize the added value that a double garage brings compared to a single garage. The original sale price of the house, which is $68,000, reflects the property's current value with a single car garage included.

The adjustment for the double garage should be based on how much more buyers are willing to pay for the convenience and functionality that a double garage provides, which often varies by market conditions and specific property comparisons. Suppose in this case, the adjustment made results in an addition that leads to a final calculated value of $68,750.

This figure considers the market adjustment for the added utility and desirability that typically accompanies properties with larger garage spaces. Therefore, adding this specific adjustment reflects a realistic increase in property value.

In contrast, other values presented do not accurately reflect the appropriate adjustment for the double garage, leading to choices that don't align with standard market practices of adjusting property values based on enhancements.