Abbreviations In Appraisal Report

Discussion in 'Urgent - Help Needed' started by Neil Melby, Jan 22, 2004.

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  1. Neil Melby

    Neil Melby Junior Member

    0
    Mar 17, 2002
    Professional Status:
    Licensed Appraiser
    State:
    South Dakota
    I am reviewing an appraisal, and need help on some abbreviations used in the report.

    In fence/pool etc the abbrev. WPT is there. What does that mean?

    Under appliances:

    DW = Dishwasher
    HP = ?
    DP = ?
    Gdo = ?

    Thanks for your help!


    Neil Melby
     
  2. Ryan Nyberg

    Ryan Nyberg Senior Member

    0
    Jan 15, 2002
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Washington
    The following are what I use in the sketch and on page 1.

    HP= Heat Pump

    Don't know about the others though.
     
  3. Pam Hinrichs

    Pam Hinrichs New Member

    0
    Sep 24, 2003
    Gdo = Garbage Disposal?
     
  4. Mountain Man

    Mountain Man Elite Member

    0
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Georgia
    WPT
    Whirlpool Tub?? That'd be my guess.

    DP
    I would have said disposal. But that could be Gdo like Pam said.


    HP
    Heat pump.
     
  5. G-man

    G-man Member

    0
    Feb 4, 2002
    Professional Status:
    Licensed Appraiser
    State:
    Ohio
    WPT = Whirl Pool Tub?
     
  6. Mike Garrett RAA

    Mike Garrett RAA Elite Member

    1
    Jan 14, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    GDO.....Garage Door Opener!
     
  7. Randy Beigh

    Randy Beigh Senior Member

    0
    Jan 16, 2002
    There are several different ways to tell if the appraisal is a bad appraisal. Seems to me, that if the reader has to second guess what the writer was trying to say, this a bad appraisal.m Sure hope the rest of the report than this.
     
  8. Damon Pedersen

    Damon Pedersen Junior Member

    0
    Jan 18, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Iowa
    Have you seen anything about an IV yet?

    I think that would stand for Inflated Value

    Damon :lol:
     
  9. Mountain Man

    Mountain Man Elite Member

    0
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Georgia
    Damon, "Inflated Value" is a lender’s term. That is NOT recognized in the appraiser's world. ;) We use "highest and best value" to describe those appraisal practices. :)
     
  10. Terrel L. Shields

    Terrel L. Shields Elite Member

    50
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    DW = Dishwasher
    HP = ?
    DP = ?
    Gdo = ?

    Disposal / double pane /
    Garage Door opener
    Heat Pump
    My list below
    TAX CARD ABBREVIATIONS
    ADW - ASPHALT PAVING
    AGDW - AGGREGATE CONCRETE DRIVEWAY
    AGPS - AGGREGATE CONCRETE PATIO
    AGSW - AGGREGATE CONCRETE WALKWAY
    BRE - BREEDER HOUSE
    BREE - BREEDER HOUSE W/ EQUIPMENT
    BRO - BROILER HOUSE
    BROE - BROILER HOUSE W/ EQUIPMENT
    BSMP - BRICK/STONE MORTAR PAVEMENT
    CARPORT2 - ASPHALT FLOOR DEDUCTION
    CARPORT3 - DIRT FLOOR DEDUCTION
    CBWX4 - 4" CONCRETE BLOCK
    CBWX6 - 6" CONCRETE BLOCK
    CBWX8 - 8" CONCRETE BLOCK
    CDW - CONCRETE DRIVEWAY
    CLFX10 - 10' CHAIN LINK
    CLFX4 - 4' CHAIN LINK
    CLFX5 - 5' CHAIN LINK
    CLFX6 - 6' CHAIN LINK
    CLFX8 - 8' CHAIN LINK
    CP - CARPORT
    CPSF - CARPORT STORAGE - FRAME
    CPSM - CARPORT STORAGE - MASONRY
    CS - STANDARD CONCRETE
    CSL - LIGHT CONCRETE
    FFA - GARAGE - FRAME FIN ATTACHED
    FFAG - GARAGE - FRAME FIN ATTACHED
    FFB - GARAGE - FRAME FIN BUILT-IN
    FFBG - GARAGE - FRAME FIN BUILT-IN
    FFD - GARAGE - FRAME FIN DETACHED
    FFDG - GARAGE - FRAME FIN DETACHED
    FIREPLACE1 - SINGLE ONE STORY
    FIREPLACE2 - SINGLE TWO STORY
    FIREPLACE3 - DOUBLE ONE STORY
    FIREPLACE4 - DOUBLE TWO STORY
    FUAG - GARAGE - FRAME UNFINISHED ATTACHED
    FUDG - GARAGE - FRAME UNFINISHED DETACHED
    GEP - GLASS ENCLOSED PORCH
    HEATACS1 - SOLAR LIQUID SYSTEM
    HEATACS2 - SOLAR AIR SYSTEM
    HEATACS3 - SOLAR LOW RANGE
    HEATACS4 - SOLAR HIGH RANGE
    LAY - LAYER HOUSE
    LAYE - LAYER HOUSE W/ EQUIPMENT
    MFA - GARAGE - MAS FIN ATTACHED
    MFAG - GARAGE - MAS FIN ATTACHED
    MFB - GARAGE - MAS FIN BUILT-IN
    MFBG - GARAGE - MAS FIN BUILT-IN
    MFD - GARAGE - MAS FIN DETACHED
    MFDG - GARAGE - MAS FIN DETACHED
    MUA - GARAGE - MAS UNFINISHED ATTACHED
    MUAG - GARAGE - MAS UNFINISHED ATTACHED
    MUB - GARAGE - MASONRY UNFINISHED BUILT IN
    MUBG - GARAGE - MASONRY UNFINISHED BUILT-IN
    MUD - GARAGE - MASONRY UNFINISHED DETACHED
    MUDG - GARAGE - MASONRY UNFINISHED DETACHED
    MW - WALLS BRICK OR STONE
    OP - OPEN PORCH
    OP2 - 1/2 OPEN PORCH or 2nd OP
    PCA - PATIO COVER, ALUMINUM
    PCB - PATIO COVER, BUILT UP
    PCF - PATIO COVER, FIBERGLASS
    PCS - PATIO COVER, STEEL
    POU - POULTRY HOUSE
    POUE - POULTRY HOUSE W/ EQUIPMENT
    PS - PATIO SLAB
    SEP - SCREEN ENCLOSED PORCH
    SRFX2 - 2 RAIL SPLIT FENCE
    SRFX3 - 3 RAIL SPLIT FENCE
    SRFX4 - 4 RAIL SPLIT FENCE
    TUR - TURKEY HOUSE
    TURE - TURKEY HOUSE W/ EQUIPMENT
    UB1-S - UTILITY BUILDING 1-S
    UB1-X - UTILITY BUILDING 1-X
    UB2-S - UTILITY BUILDING 2-S
    UB2-X - UTILITY BUILDING 2-X
    UB3-D -- UTILITY BUILDING 3-D
    UB3-S - UTILITY BUILDING 3-S
    UB3-X - UTILITY BUILDING 3-X
    UB4-D - UTILITY BUILDING 4-D
    UB4-S - UTILITY BUILDING 4-S
    UB4-X - UTILITY BUILDING 4-X
    WC - BRICK/STONE WAINSCOT
    WD - WOOD DECK
    WFX5 - 5' WOOD PRIVACY FENCE
    WFX6 - 6' WOOD PRIVACY FENCE

    COMMON APPRAISAL ABBREVIATIONS


    2 CAR ATT - 2 CAR ATTACHED [GARAGE]
    AG POOL - ABOVE GROUND POOL
    AVG - AVERAGE
    BRK VEN - BRICK VENEER
    CC - CONCRETE
    CHA - CENTRAL HEAT AND AIR
    CLF - CHAIN LINK FENCE
    CONT - CONTEMPORARY
    CP - CARPORT
    CSM- CASEMENT WINDOW
    DISP - DISPOSAL
    DW - DISHWASHER
    EA - EFFECTIVE AGE
    F-FAIR
    FH - FAN HOOD
    FHA - FORCED HOT AIR
    FP - FIREPLACE
    G-GOOD
    GBA - GROSS BUILDING AREA
    GLA - GROSS LIVING AREA
    HC- HOLLOW CORE WOOD
    HW - HOT WATER TANK
    IG POOL - IN GROUND POOL
    LAM-LAMINATE
    MTL - METAL
    N/A - NOT APPLICABLE OR NOT AVAILABLE
    NG - NATURAL GAS
    P-POOR
    REL - REMAINING ECONOMIC LIFE
    RK - ROCK
    RN - RANCH
    RO - RANGE OVEN
    S, E, N, W, SE NE, ETC. - CARDINAL DIRECTIONS
    SF - SQUARE FOOT
    SH / DH- SINGLE HUNG (WINDOW) / DOUBLE HUNG
    SP / DP - SINGLE PANE or DOUBLE PANE
    TEL - TOTAL ECONOMIC LIFE
    TRAD - TRADITIONAL
    TYP - TYPICAL
    VYL - VINYL
    WD PRIV - WOOD PRIVACY [FENCE]
    WIN AIR - WINDOW AIR CONDITIONER
    WP - WHIRLPOOL [JETTED] TUB
    XL-EXCELLENT

    BOECKH CLASSIFICATIONS
    Boeckh Residential Cost Books classify houses by age with
    S - simple box house
    A - plain house AA - Pre-1980
    B - average house BB - Pre-1980
    C - better house CC - Pre-1980
    D, X, T - Higher quality houses
    X, Y, Z - Pre- 1940 houses with X being the lowest quality and Z being the highest
     
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