How Will ANSI Measurement Standard Going to Improve Appraisal Accuracy?

[Mark K]

In the 8 counties I cover. I have yet to see any use any dimension less than 1 ft. Except on angled walls. Since almost all plans are at least to the inch. Obviously, none of these counties gets their dimensions from the "plans".

They might get the measurement from the plans and then round to the nearest foot like they do here.

 

[Zoe]

Took class yesterday and someone who knows says FNMA is really considering making ANSI the standard. I didn't know ANSI had changed a little on like upper rooms on outside walls over a garage had changed where you don't include outside wall in that room where the ceiling is sloped and it has no outside wall. The new standard is still the same on ceiling heights and all.

But it is real. They are seriously considering. I look for it to happen. I think that is good for appraisers because there is standard that everybody will do it the same on a room like that. It won't be shoulder height, or knee wall height or any other means. It will be ANSI, which is a standard. If you haven't taken ANSI in a few years, it may be time if you do GSE work. I think the new standards can be bought for $25. Idk if the class provides a copy or not.

The ceiling height limitations will still be the same. It's gonna happen. Somebody is moving your cheese. LOL

 

[Zoe]

@DWiley can probably back up what I am saying about FNMA.

 

[Zoe]

The guy who taught the class yesterday was in the meeting that voted on the changes to the standards, so it is real and likely going to happen. Bryan Reynolds was in the committee that helped develop the new ANSI standards. So it is real and FNMA is serious.

 

[Zoe]

They changed it either last year or this year. I don't know date yet. The only thing that really changed is including outside wall width in GLA where there is no outside wall in the room I think. They changed it where you don't include width of outside wall where there is no outside wall in that room. You still include outside wall where there is an outside wall.

The biggest change will be if FNMA requires it and somebody goes behind another appraiser and checks where one is using ANSI standards and one is not according to FNMA requirements. I think there were only two appraisers on the committee that helped change the ANSI standards.

 

[ramrcdk]

Around here: The adoption process to ANSI has been the predominate used Standard and was the-preferred in CE courses I've taken.
Most often, 99.99% of the time I don't use Tax Data in reports. Exception: to state that the subject property was live-measured using ANSI Standards
& to assume the Tax department actually live-measured would be an assumption.

The percentage of difference referenced below in the two sources ( live measure & tax assumed) : __would be__ found acceptable in market reactions.

Named SF Sources:
Similarly found in sales comparisons, MLS sketch attachments are used for the Report's grid square footage. Historic MLS and other available sources were also checked for acceptable use differences. Otherwise, further comments would result. ((( Example: I call and ASK the agent where they obtained the marketed SF & apply comments.)))

A SF buffer prior-to applying an adjustment for the square foot differences used in the SCA Section is ___% and found acceptable in current trend market reactions.

 

[Zoe]

That doesn't mean you don't give value to heated square feet that is not included in GLA. That has always been the case based on market data.

 

[Zoe]

What would be sweet is if FNMA would share their data with us that they stole. That's a different animal. But you see how that would help because it would not only be measured by an appraiser using ANSI but the comparable data would as well if FNMA had an appraisal report certifying to using ANSI. It would just give more credibility and accuracy in the application of approaches to the appraisal process.

 

[Joe Flacco]

Interior SF based on Matterport scans is what is going to be standard for comparison purposes in the future. It will be the most widely used method of calculating structure size of buildings. No question about it.

 

[djd09]

USPAP doesn't require the appraiser to measure anything