Can a swimming pool be included in the GLA?

[J Grant]

ResGuy is a good guy!

 

[residentialguy]

ResGuy is a good guy!

Don't even get into it with Skip with a Chip. Clowns don't engage in a meaningful conversation. You're just supposed to laugh at them not talk with them. :laugh:

 

[DMZwerg]

The subject property is in MI afterall. I would think there is market for indoor pools in a climate where outdoor pools are only used from June through September. I have seen my fair share of indoor pools in southeastern MI and have treated each scenario as I thought the market would react to the space.

Often, in the local markets in SE WI, the adjustment for a pool house with indoor pool is roughly the same as the adjustment used for GLA. Therefore, if not separated from the rest of the house even with a wall just counting it *AS* GLA would not be incorrect in most of my local markets.

So, why did I throw out other ideas?
Because all adjustments and comments come from analysis, and so each and every appraiser should be lining up what is discussed with data from there own local markets and figured out where exactly things fall there.

 

[residentialguy]

all adjustments and comments come from analysis, and so each and every appraiser should be lining up what is discussed with data from there own local markets and figured out where exactly things fall there.

Exactly!

Well....looks like another one joins "that little pack out into the darkness without a flashlight" :laugh:

 

[Gregory Beck]

Hello,

I’m appraising a kind of “unique property”. The subject has an indoor swimming pool. The swimming pool is in extension of the living room. In fact the swimming pool is in the living room, there are no walls to separate the swimming pool area and the living room. Can this be considered as GLA?

Thanks for your help!

If it's usable all yr and liveable all yr and under the same roof and in the same house you can count it as living area. my .02 cents

 

[NUTSaboutAPPRAISING]

Hello,

I’m appraising a kind of “unique property”. The subject has an indoor swimming pool. The swimming pool is in extension of the living room. In fact the swimming pool is in the living room, there are no walls to separate the swimming pool area and the living room. Can this be considered as GLA?

HI Ion,
I haven't read all of the responses to your question but some things to additionally consider are: funtional obsolescence, over-improvement, and marketability of the dwelling. I think your lender will want some comments to those effects. Good luck.