Overimprovement
Senior Member
- Joined
- May 31, 2017
- Professional Status
- Certified Residential Appraiser
- State
- Kentucky
Said the pot.Sarcasm.
Said the pot.Sarcasm.
Love to hear your suggestions on new musicThe music was not better, you just got too old to find good new music.
I took the ANSI course in person. After the course we had a zoom call with someone at Fannie Mae. The course instructors seemed to have cleared a bunch of the staircase stuff with Fannie before they started their classes. Basically yes, its included on both floors, you don't normally subtract it out. Doesn't make sense, but I suppose its all for the sake of consistency.I just completed the McKissock ANSI course and I am now completely confused as to the standard pertaining to staircases. So, from my understanding after this course, the finished staircase is counted as part of the finished area (GLA) on both the finished first and second floor. Is this correct? According to my understanding of the course, the only time a square footage deduction is made is when the staircase does not align with the second floor and obviously when there is a foyer area. Is this correct? The staircases are counted twice? I am so frustrated, I have taken the course, purchased and read the entire standard, researched online, and I cannot get a simple answer. Is the staircase counted as GLA on the first and second floor? If it is not, where do we subtract the staircase measurement, on the first or second floor? I am going insane, please help! McKissock makes you complete four case study examples and none of the examples subtract the staircase.
It doesn't make sense with spiral staircase. Fannie making up their rules which doesn't make practical sense.I took the ANSI course in person. After the course we had a zoom call with someone at Fannie Mae. The course instructors seemed to have cleared a bunch of the staircase stuff with Fannie before they started their classes. Basically yes, its included on both floors, you don't normally subtract it out. Doesn't make sense, but I suppose its all for the sake of consistency.
Although now that I think about it I am curious how spiral staircases work with the new measurements...
Agreed. I try and get around it by increasing my GLA adjustment thresholds. Usually I add an extra 75 square feet of buffer in addition to my normal 75 to account for the differences. Ultimately I think if you’re taking the differences into account in your reconciliation you can cancel out the nonsense in the end.It doesn't make sense with spiral staircase. Fannie making up their rules which doesn't make practical sense.
It actually increases square footage which does not meet assessors records. Inexperienced appraisers will make mistakes in the appraisal analysis.
So the addition has no access to the other part of the house. Just exterior access?. Or are you saying the ceiling height in the addition is the problemI had to drop an assignment because of the new ANSI standard. Local Measuring standards had an attached addition with one roof line and an outside entrance classed as GLA. ANSI said it was a Casita and not GLA. The Lender wanted me to change the GLA from 5200 sqft to 2300 sqft. That is a bit of a shift in value. I couldn't do it. I should include it was specifically built in a manner to be consistent with local standards to be classed as GLA.
Not in the states I work.It actually increases square footage which does not meet assessors records.
Because they are just as expensive to build or more so if there were no stairs? Was recently in a 3 story with 3 separate staircases and a spiral case from 2nd to 1st floor. Two stairs up. different one down plus one went all 3 floors and a spiral.They're tiring and why should more stairway homes be rewarded in larger gross area
So the addition has no access to the other part of the house. Just exterior access?. Or are you saying the ceiling height in the addition is the problem
Wait. Couldn’t you just add the additional square footage in an additional line item and adjust the square footage accordingly and comment? If it has value it, has value and there are ways of getting to it.I had to drop an assignment because of the new ANSI standard. Local Measuring standards had an attached addition with one roof line and an outside entrance classed as GLA. ANSI said it was a Casita and not GLA. The Lender wanted me to change the GLA from 5200 sqft to 2300 sqft. That is a bit of a shift in value. I couldn't do it. I should include it was specifically built in a manner to be consistent with local standards to be classed as GLA.