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Fannie update & FHA Jan 10, 2025 update

Tom D

Elite Member
Gold Supporting Member
Joined
May 22, 2015
Professional Status
Certified Residential Appraiser
State
Pennsylvania
The FHA appraising world has moved an inch. Finally, we don't have to say covered, or uncovered, on a porch, deck patio, etc. There are some interesting things to read.
 

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The FHA appraising world has moved an inch. Finally, we don't have to say covered, or uncovered, on a porch, deck patio, etc. There are some interesting things to read.
Because that covering made all the difference in the value estimate! I bet it takes the reviewers 1 - 2 years to get up to speed on this.
 
I used to have a covered porch. Then I renovated and pushed an addition to make room for another bedroom (increase my home value).
I missed my covered porch which helped my front door from paint peeling from the sun and rain water coming into my front door. Oh well.
 
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