appraisalaska
Sophomore Member
- Joined
- Nov 29, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Alaska
I have a home in a semi-rural area that does not have local building codes (no inspections, no permits, etc). I have a property built in 1999, and all bedrooms in the home lack windows with the minimum required 5.7 square foot opening (they have 5.4). Scope of work is determining market value for a conventional loan purchase, so I don't have the added direction from FHA.
My question is, are egress window requirements 'grandfathered' in? I spoke with a local builder that thought it was 5.3 square feet at time of the property's construction. I have conflicting answers from both of the appraisers in my office and can't seem to find any concrete direction either way.
Anybody face this before that has insight?
My question is, are egress window requirements 'grandfathered' in? I spoke with a local builder that thought it was 5.3 square feet at time of the property's construction. I have conflicting answers from both of the appraisers in my office and can't seem to find any concrete direction either way.
Anybody face this before that has insight?