ANSI measurement, townhouse-style condo

[robertwells]

Hello all, Just curious if anyone would chime in on their take on measuring a two-level, INTERIOR unit, townhouse-styled condo(?). As a condo and interior unit, is my understanding correct that it would just be on interior walls, not adding on for wall space between units to the left and right (whereas if a two level townhouse PUD, you would?)?

Thanks!

Bob

 

[Dublin ohio]

Hello all, Just curious if anyone would chime in on their take on measuring a two-level, INTERIOR unit, townhouse-styled condo(?). As a condo and interior unit, is my understanding correct that it would just be on interior walls, not adding on for wall space between units to the left and right (whereas if a two level townhouse PUD, you would?)?

Thanks!

Bob

Q14. Does Fannie Mae require condominiums to be measured per the ANSI standard? The standard should not be used if the architectural design is an apartment-style or multifamily building. When measuring a condominium or co-op that is part of an apartment-style or multifamily building, Fannie Mae’s policy of using interior perimeter measurements for the subject property should be applied. Irrespective of ownership type (condominium, co-op, fee simple, etc.), the ANSI standard must be followed (if legally permissible – see the Annex to the ANSI standard, page 4, for more information) for houses with detached or attached architectural design including townhouses, rowhouses, and other side-by side houses.

 

[Fernando]

Q14. Does Fannie Mae require condominiums to be measured per the ANSI standard? The standard should not be used if the architectural design is an apartment-style or multifamily building. When measuring a condominium or co-op that is part of an apartment-style or multifamily building, Fannie Mae’s policy of using interior perimeter measurements for the subject property should be applied. Irrespective of ownership type (condominium, co-op, fee simple, etc.), the ANSI standard must be followed (if legally permissible – see the Annex to the ANSI standard, page 4, for more information) for houses with detached or attached architectural design including townhouses, rowhouses, and other side-by side houses.

Doesn't make sense, does it? All condos should be measured interiorly. Fannie making up rules to confuse everyone.

 

[robertwells]

Q14. Does Fannie Mae require condominiums to be measured per the ANSI standard? The standard should not be used if the architectural design is an apartment-style or multifamily building. When measuring a condominium or co-op that is part of an apartment-style or multifamily building, Fannie Mae’s policy of using interior perimeter measurements for the subject property should be applied. Irrespective of ownership type (condominium, co-op, fee simple, etc.), the ANSI standard must be followed (if legally permissible – see the Annex to the ANSI standard, page 4, for more information) for houses with detached or attached architectural design including townhouses, rowhouses, and other side-by side houses.

Thanks for the response, just to verify, you are to tack on perhaps .5 of a foot on either side, to account for halway into common walls, even though condo and interior unit (this is different to "old" days of if a condo, only interior measuremtns included, correct(?) Thanks again

 

[Fernando]

So how do you deal with a semi detached townhome condo? Also 0.5 estimate on detached side when appraiser can actually measure it?
Same floorplan whether interior or semidetached. Confusing and inconsistent.

 

[Dublin ohio]

Thanks for the response, just to verify, you are to tack on perhaps .5 of a foot on either side, to account for halway into common walls, even though condo and interior unit (this is different to "old" days of if a condo, only interior measuremtns included, correct(?) Thanks again

Basically that is it. End units start on outside wall. You split the difference for interior unit walls. Kind of silly wanting measurements to the inch or 1/10 of a foot and then have to basically estimate interior wall thickness. So standard 2 x 4 construction would be approx. 1/2 of 4 3/4" (assuming standard 2 x 4 and 5/8 drywall on both sides)

 

[Dublin ohio]

Doesn't make sense, does it? All condos should be measured interiorly. Fannie making up rules to confuse everyone.

Whether it makes sense or not. It is only confusing if you choose to make it so.

 

[Fernando]

It's not isolated incident. I was confused. Original poster was confused.
Many other appraisers are confuse and will make wrong measurements thanks to Fannie's confusing and inconsistent standards.
There will be different measurements from different appraisers no doubt. I'm being realistic.

 

[robertwells]

It's not isolated incident. I was confused. Original poster was confused.
Many other appraisers are confuse and will make wrong measurements thanks to Fannie's confusing and inconsistent standards.
There will be different measurements from different appraisers no doubt. I'm being realistic.

I did just hear back from a Fannie Rep...Here is her response with my question posted..."You are correct, the width measurements should be to the exterior finish of the outside wall or to the centerlines between houses". I did specify it was a condo...Bob

 

[robertwells]

Basically that is it. End units start on outside wall. You split the difference for interior unit walls. Kind of silly wanting measurements to the inch or 1/10 of a foot and then have to basically estimate interior wall thickness. So standard 2 x 4 construction would be approx. 1/2 of 4 3/4" (assuming standard 2 x 4 and 5/8 drywall on both sides)

Thanks, Dublin, so with your hypothetical example posed, would it be an addition of about .4-.5 X 2 (both sides)? Bob