Bare concrete flooring

[KYLECODY]

Doing an older house where they are living on the concrete slab. Not decorative concrete or painted concrete, just the original pour...say theyre going to add flooring once their loan goes through....Dont believe this is an automatic repair. Planning on adjusting under condition but not making it "subject to." Agree or no? Thanks.

 

[CANative]

Agree.... you're welcome.

 

[Tom Woolford]

Yup, you got it!

 

[Lobo Fan]

Floor coverings are not required by FHA as an MPR itm. You can make it a condition to bring it up to average condition, but you cannot cite it as being an FHA requirement. I attended a seminar at the Denver HOC last year and this issue was discussed for almost 30 minutes.

 

[TimberRidge]

You'll also need to adjust for your subject having a GLA of 0 sq.ft. since the entire house is technically "unfinished".

 

[Riick]

You'll also need to adjust for your subject having a GLA of 0 sq.ft. since the entire house is technically "unfinished".

ROTFLMAO....:laugh:
Your chapter and verse citation is....... ??

 

[TimberRidge]

ROTFLMAO....:laugh:
Your chapter and verse citation is....... ??

The American National Standard for Single-Family Residential Buildings:
Square Footage-Method for Calculating approved by the American National Standards Institute, Inc. (ANSI)

Living Area Criteria



Living area (sometimes referred to as "heated living area" or "heated square footage") is space that is intended for human occupancy and is:

1. Heated by a conventional heating system or systems (forced air, radiant, solar, etc.) that are permanently installed in the dwelling - not a portable heater - which generates heat sufficient to make the space suitable for year-round occupancy;
2. Finished, with walls, floors and ceilings of materials generally accepted for interior construction (e.g., painted drywall/sheet rock or panelled walls, carpeted or hardwood flooring, etc.) and with a ceiling height of at least seven feet, except under beams, ducts, etc. where the height must be at least six feet four inches [Note: In rooms with sloped ceilings (e.g., finished attics, bonus rooms, etc.) you may also include as living area the portion of the room with a ceiling height of at least five feet if at least one-half of the finished area of the room has a ceiling height of at least seven feet.]; and
3. Directly accessible from other living area (through a door or by a heated hallway or stairway)

Bare concrete floors are unfinished floors. You wouldn't count a basement area with finished drywall floors & ceilings and bare concrete floors as finished. Why would an above grade area be any different?

 

[CANative]

A bit of functional obsolesence doesn't make a property unlivable. The evidence? They're living in it.

 

[Ken B]

I guess that if I cut a 2" diameter hole in my drywall and expose the insulation behind it, by ANSI standard, my home has no GLA?

 

[NC Appraising]

Wow!! I never realized that FHA insured incomplete homes!!

So the next new construction I get that's suppose to have $20,000 in hardwood floors, but only has unfinished concrete floors because it's a slab, I'll complete the appraisal "as-is" and give a $20,000 CTC.


Here s a quote from the Chief Appraiser at HUD from Cali:
"FHA does not accept incomplete homes. I would argue that this threatens the "security" of the property's continued marketability. Make the report "subject to". The DEU has the authority to waive the condition. If waived, the DEU may have to answer for it, but..."

Brad Pack, give him a call.




Me:

This section is mis-understood.

The old handbook made a reference to "bare wood" IE. (bare floors)
A wood floor's finish that has worn off to expose the
bare wood must be sanded and refinished. However, a
wood floor that has darkened with age but has an
acceptable finish does not need polishing or
refinishing.


ML Letter: no longer requires correction:
"defective floor finish or coverings (worn through the finish or badly soiled carpeting". So, after reading the above, floor finishes do have to be there, but they can be worn out, and still be acceptable.
http://www.HUD.gov/offices/adm/hudcl...es/05-48ml.pdf



Some will argue that some where else in the badly written handbook states that bare floors are acceptable. In my opinion and using common sense, and not reading it the way that I want to read it, means the old reference to "worn or bare wood finishes" stated above.




What's next, kitchen cabinets can be missing, as long as there is sink? Every door can be missing. Every piece of drywall can be missing except where there are electrical wires?


Get a 203K, THATS WHAT THERE FOR, in some cases.