Comparable Square footage and public records do not agree

[sputnam]

Heated does not require there to be duct vents in the room. The space in the photo has incidental heat. While it appears to meet the definition of GLA... heated, finished, and above the ground... it also may have lower quality finish than the main parts of the dwelling. There is a reason that the Cost Approach on the 1004 has two lines for square foot costs.

 

[J Grant]

Heated does not require there to be duct vents in the room. The space in the photo has incidental heat. While it appears to meet the definition of GLA... heated, finished, and above the ground... it also may have lower quality finish than the main parts of the dwelling. There is a reason that the Cost Approach on the 1004 has two lines for square foot costs.

Agree wrt the heat.

There is also a reason that the cost approach and the sales comparisons approach are different categprs. as well as the reason why the SCA is the approach relied on for res lending appraisals - what counts in the SCA is what the buyer paid for the property, regardless of whether some components of it cost less to build or cost more to build.

Idk what the comp's price was relative to other comps of similar size- that can be commented on if relevant..

 

[Tom D]

I love it when the realtors add the finished basement to the GLA. However, here they are only allowed to use public records GLA which is mostly accurate.

If you actually know a comp GLA is different, you use that correct GLA, but put a comment on your addendum why it is different. That all, and put a note on the listing sheet work file. That photo is a little over the top of being nervous.

Funny thing about CU. It will still ding you for your GLA being different from the group thought, that why you make a slight comment why.

Oh and ansi. Miss ansi make many properties being sf off from the public record sf number around this non ansi area.