Peter LeQuire
Elite Member
- Joined
- Jan 3, 2005
- Professional Status
- Retired Appraiser
- State
- Tennessee
"Wall" is not defined in the Dictionary of Real Estate Appraisal, and the drawing of footings and foundation walls labels as "foundation wall" the structural element that rises from the concrete footing to the sill plate. The most applicable definition given in my antiquated Webster's defines a wall as the "Inside surface of a cavity or vessel." Neither of these accurately describes what a slab is or consists of.
From which I take the following: a monolithic slab foundation does not have a wall in the normally accepted meanings of that term - there might be, however, some basis for calling the area of the slab that rises above the thickness of the footer a "wall" as it is the structural element that rises from the footer to the sill plate. (Being in an area in which slabs on grade are common, I would take exception to the statement that such are not "conventional" but we can take up that argument some other time.)
As a practical matter, I don't know how much energy to spend on this discussion. "None" - to most readers of appraisal reports - probably doesn't make sense, if you think about it: it implies that the house was built without any foundation. (The report is first and foremost a communication device, and we have to remember that to someone reading appraisals on a volume basis "none" as the response in that field probably assumes a problem in the property.)
I believe that I'd report "concrete" rather than put up the argument, and take my chances that someone outside this forum would come up with some cockamamie reason to call doing so "misleading."
From which I take the following: a monolithic slab foundation does not have a wall in the normally accepted meanings of that term - there might be, however, some basis for calling the area of the slab that rises above the thickness of the footer a "wall" as it is the structural element that rises from the footer to the sill plate. (Being in an area in which slabs on grade are common, I would take exception to the statement that such are not "conventional" but we can take up that argument some other time.)
As a practical matter, I don't know how much energy to spend on this discussion. "None" - to most readers of appraisal reports - probably doesn't make sense, if you think about it: it implies that the house was built without any foundation. (The report is first and foremost a communication device, and we have to remember that to someone reading appraisals on a volume basis "none" as the response in that field probably assumes a problem in the property.)
I believe that I'd report "concrete" rather than put up the argument, and take my chances that someone outside this forum would come up with some cockamamie reason to call doing so "misleading."