- Dec 10, 2017
- Professional Status
- Certified Residential Appraiser
I am completing an FHA appraisal for a lender and I have the following scenario. All cabinet doors as well as cabinet drawers have been removed from the kitchen. In addition, the center island countertop has also been removed. In my view, the kitchen is still fully functional as all appliances are installed and in working order, there is a functional sink and there is sufficient counter space and cabinetry for food prep and storage. I am of the opinion that the kitchen still meets FHA MPR despite the deferred maintenance as it is fully functional. I am thinking I need to develop a cost to cure for the deferred maintenance and adjust in the sales grid in addition to analyzing the impact on overall property condition. I do not feel like these should be FHA conditions for repair. Any thoughts?