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ANSI and basements

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Tom4value

Senior Member
Joined
Dec 4, 2016
Professional Status
Certified Residential Appraiser
State
Massachusetts
I have seen three video classes on ANSI. One says you have to include the basement, finished or unfinished, in the sketch. Another says you don't. On the third, the two instructors contradicted the other! Can someone please tell me if basements are a mandatory requirement on a sketch when ANSI is required?
Thanks
 
ANSI requires "the clear and separate distinction of above-grade and below-grade areas" for both finished and unfinished areas. IMO the easiest way to meet this requirement is by providing a sketch showing the above-grade and below-grade levels that distinguishes between finished and unfinished areas. The dimensions of all sides of the finished an unfinished areas should be included to ensure compliance with the ANSI reporting requirement.
 
I have seen three video classes on ANSI. One says you have to include the basement, finished or unfinished, in the sketch. Another says you don't. On the third, the two instructors contradicted the other! Can someone please tell me if basements are a mandatory requirement on a sketch when ANSI is required?
Thanks
ANSI makes no mention of sketch requirements.
 
So I have a yes and a no.and a “yes and no”.
 
It’s $25 and thirty minutes of your time. Just do it.
 
ANSI is a measurement standard. Not a reporting standard. Statement #2 in the FNMA statement of limiting conditions that we sign. States that the appraiser has provided a sketch of the improvements (I am paraphrasing). Is the basement not part of the improvements?. Many of my clients have it as an assignment condition.
 
I've always sketched basements.... I hope I've never spent as much as 30 minutes doing the basement sketch.
I’m implying that OP should spend $25 and 30 mins reading ANSI. Any confusion about sketching requirements will immediately clear up.

To your point though, I once spent an hour measuring the basement of an 8,000sf home. I was a rookie and it was my first really big house. It was the kind of property where nowadays I know to bring help. On the main floor, I had to piece together graph paper because the footprint was so large, so the basement was drawn to a different scale. Also, the basement did not line up to the exterior foundation on the main level and there were only a few windows so it was extremely disorienting. The backup batteries on my disto failed so by the end of it I was using my tape. It was also the middle of winter and I didn't take my parka off so by the end of it I was sweating bullets.
 
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