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Foundation Walls

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App601

Junior Member
Joined
Sep 7, 2014
Professional Status
Certified General Appraiser
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Puerto Rico
This forum is for USA appraisers

The typical construction in USA calls for properties with basements

According to definition foundation walls are the basement walls
Typical construction in Puerto Rico does not have basements in the property
Yet 99% of appraisers write RC in "Foundation walls"

Has some USA appraisers , appraised properties without basements and what do you write in foundation walls?

I normally write 'See additional comments" and in additional comments write "none' and the definition of foundation walls

What do USA appraisers write in properties with no basement?
 

RSW

Elite Member
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Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
Slab, Block, Brick, Masonry. What ever the material is.
 

App601

Junior Member
Joined
Sep 7, 2014
Professional Status
Certified General Appraiser
State
Puerto Rico
Slab, Block, Brick, Masonry. What ever the material is.
I am saying about properties WITHOUT a basement and without Crawl space only concrete slab for foundation
 
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gregb

Elite Member
Joined
Sep 3, 2011
Professional Status
Certified General Appraiser
State
California
Fannie form asks for foundation with four boxes. Concrete slab is the answer for 95% of properties in California without a basement. Form does not ask about "foundation walls."
 

CANative

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Jun 18, 2003
Professional Status
Retired Appraiser
State
California
Fannie form asks for foundation with four boxes. Concrete slab is the answer for 95% of properties in California without a basement. Form does not ask about "foundation walls."

It asks about "foundation walls" in the exterior description column to the right of the foundation description column.

Just enter concrete (or slab.) No one really cares.
 

App601

Junior Member
Joined
Sep 7, 2014
Professional Status
Certified General Appraiser
State
Puerto Rico
Fannie form asks for foundation with four boxes. Concrete slab is the answer for 95% of properties in California without a basement. Form does not ask about "foundation walls."
Yes it is in 'Exterior description' 1st line
 

App601

Junior Member
Joined
Sep 7, 2014
Professional Status
Certified General Appraiser
State
Puerto Rico
It asks about "foundation walls" in the exterior description column to the right of the foundation description column.

Just enter concrete (or slab.) No one really cares.
You may be right that no one really cares
The best proof is appraisals in PR without a basement
99% of appraisers write RC but 99% are wrong
When the URAR was revised in 2005 I asked myself a question
What is the difference between Foundation Walls and Exterior Walls?
There was a page in usinspect.com that included all house components that was discontinued and it was there... basement walls
I miss that page

I wonder if an FHA report is audited in Atlanta and one person will question
"How does this property that has None or "0" in basement and does not have a crawl space can have foundation walls?
 

App601

Junior Member
Joined
Sep 7, 2014
Professional Status
Certified General Appraiser
State
Puerto Rico
A slab is a foundation.
but is not a foundation wall

A foundation wall must be below grade according to the definition
But since most properties in US have basements you have to put something in there

I am looking for an appraiser that has appraised one with NO basement nor crawl space and see what he wrote there
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
I've appraised many slab foundation homes. The foundation walls are concrete for lack of a better response.

You're way overthinking this.
 
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