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What is the proper UAD format for vehicle storage?

Discussion in 'UAD' started by Mainer, Aug 18, 2011.

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  1. Mainer

    Mainer New Member

    0
    Jan 1, 2010
    Professional Status:
    General Public
    State:
    Maine
    The fannie mae guide says garage/carport - text

    So to me that would be 2Att;0Crpt for a home that had a two car attached garage and no carport. Some lenders has said that is the way it should be done.

    Others have said however, that the number of open spaces also needs to be included. So if the above property has a 4 car driveway:

    2Att;0Crpt;4Opn

    It just doesn't make any sense to muddy up the grid with something that 99.9% of appraisers in our area never adjust for - the number of open spaces.

    So, which is it? Will UAD accept Garage/Carport, or does it have to be Garage/Carport/Open?

    Thanks
     
  2. zdfenton

    zdfenton Junior Member

    2
    Nov 13, 2008
    Professional Status:
    Certified General Appraiser
    State:
    Wisconsin
  3. Mainer

    Mainer New Member

    0
    Jan 1, 2010
    Professional Status:
    General Public
    State:
    Maine
  4. Lloyd Bonafide

    Lloyd Bonafide Senior Member

    0
    Jan 15, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    What's the problem with a little more mud? :new_smile-l:
     
  5. Mainer

    Mainer New Member

    0
    Jan 1, 2010
    Professional Status:
    General Public
    State:
    Maine
    I'm so looking forward to the phone calls about why we didn't adjust because comp #1 had room for 4 cars and the subject has room for 6 cars. and the inevitable "well I drive a smart car/mini cooper/other small car so I can fit at least 8 cars in my driveway."
     
  6. Pilgrum

    Pilgrum Senior Member

    13
    Mar 6, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Nevada
    Put what ever you want in the grid field. you can put Garage 2, 2 Garage, 2 stalls, 4 stalls, or something like Gar2/1,150SF. What ever works for you.
    On page 1 you are allowed to use just a number in the driveway field or the garage/carport fields.
     
  7. HF Mudd

    HF Mudd Senior Member

    9
    Jul 31, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    One can never have enought Mudd!

    :icon_mrgreen:
     
  8. Noreen

    Noreen Senior Member

    5
    Feb 5, 2011
    Professional Status:
    Certified Residential Appraiser
    State:
    New Hampshire
    On my second UAD, I had a 3 car garage and 1 Carport and 10+ car driveway. the UAD will prompt you on how it wants it presented. This is a drop down of the side of the screen and it has you answer the questions in the order it positions them.
     
  9. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    149
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    No kin to Fannie CEO Daniel Mudd, right?
     
  10. zdfenton

    zdfenton Junior Member

    2
    Nov 13, 2008
    Professional Status:
    Certified General Appraiser
    State:
    Wisconsin
    The fact that they put "text" when they are so specific in other areas suggests they give some latitude in this field. I have had multiple reports run through the UCDP already and didn't get any kickback in this area, so it seems pretty clear you can do what you want.
     
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