ANSI

[RCA]

Well that's the standard. The issues are:

1. First of all make the decision whether or not the room can even be considered part of the GLA because of the "over 50%" requirement.

2. If you are to include the room, then you need to calculate the area that has a ceiling height of 5' or more, in the fastest and simplest manner possible. I would suggest that you need more math. What I have provided is a gateway to creating your own formulas specific to your market.

In other words, the cry-babies here are simply not thinking about what they are doing --- mathematically.

And no one is saying you can't also include the areas that don't qualify as GLA per ANSI. ANSI is saying they don't think it is necessarily worth messing with, i.e. they don't require it. In some cases, they are wrong. But that is there decision to make. But if your market values certain areas the same as GLA, that ANSI doesn't allow as such, just report the areas separately. If you want, then even at the same value as standard GLA.

Then in any case, others can relate your calculations to their calculations if they didn't throw in those extra areas that fall out side of ANSI.

 

[Dublin ohio]

Use a little math, and it is not so difficult .... at least for the simple case:


View attachment 59834

That's cracking a peanut with a sledgehammer

 

[Gregory A Hicks]

Ok so is a cottage with a finished attic a 1.5sty or a 1 sty with a finished attic (floored, heated, finished, and meets ANSI)?

 

[djd09]

there are no such terms as 'attics' or 'basement' in their world. it is either above or below grade with qualifers.

 

[RustyTapeMeasure]

Part of my mind is still in 8th grade. I laughed at this post "(the buckle of the tape, the difference between a taught and a saggy tape, the width of the gutter your are bouncing your laser off of etc.)"
On a more serious note, my girlfriend is now also requiring a personal ANSI method starting April 1st.

 

[Mejappz]

The appraiser Illuminati slams the ANSI standard. Says it will lead to an avalanche of complaints to the State-Board Start at the 13: 00-minute mark.

 

[djd09]

cert 23 unintended user(s) plural are going to be 'highly confused' (subjective fact)

 

[Trenton]

there are no such terms as 'attics' or 'basement' in their world. it is either above or below grade with qualifers.

This is what I'm trying to figure out. Most split-levels in my market area include a lower level which is partially below grade in the square footage (used by county/tax records and MLS). HUD/FHA states that it is acceptable to make exceptions like this based on local norms, so I do just that, and make the requisite commentary. But the way the ANSI letter from Fannie reads, it seems that lower levels are unable to be included in GLA if they are even a tiny bit below grade. Seems weird that FNMA would be more stringent than HUD on this matter...

 

[residentialguy]

On a more serious note, my girlfriend is now also requiring a personal ANSI method starting April 1st.

Just remember with ANSI, measuring starts from the very beginning to the end. Don't stop at the gutter.

 

[shrubberyvaluation]

And no one is saying you can't also include the areas that don't qualify as GLA per ANSI. ANSI is saying they don't think it is necessarily worth messing with, i.e. they don't require it. In some cases, they are wrong. But that is there decision to make. But if your market values certain areas the same as GLA, that ANSI doesn't allow as such, just report the areas separately. If you want, then even at the same value as standard GLA.

Then in any case, others can relate your calculations to their calculations if they didn't throw in those extra areas that fall out side of ANSI.

This is the reason I say larger gross adjustments do not make a property less similar. You can have almost identical houses with one being slightly different where ANSI does not consider an area GLA and you have large gross adjustments that just cancel each other out.