Valuing “Options” (continued)

VA value estimates for options

·   must be based on real estate market data (that is, what do they contribute to the home’s basic value).  Cost handbook data can only be used to supplement insufficient market data, and

·   generally, should not vary considerably from one subdivision to another in the same real estate market.

VA will consider requests to increase the established value of options and make appropriate changes if warranted by sufficient and valid market data.