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Hole in drywall

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jmedina

Freshman Member
Joined
Jun 28, 2007
Professional Status
Licensed Appraiser
State
California
Hello Fellow Appraiser;

Easy question here. Based on guidelines and such, it seems as though HUD is extremely strict. I know holes in the drywall is a health, safety issue but would you "subject to" or simply note it as deferred maintenance? thx
 

jmedina

Freshman Member
Joined
Jun 28, 2007
Professional Status
Licensed Appraiser
State
California
duh! Correction. it is not a health and safety issue. my bad
 

Ken B

Elite Member
Joined
Feb 18, 2004
Professional Status
Certified General Appraiser
State
Florida
So, you have recognized that a hole in the drywall may be a cosmetic issue and perhaps not even one that requires any recognition at all?

It is a matter of scale. Holes in the drywall can be caused by a variety of things; a nail, a doorknob, a bowling ball, a sledge hammer, or perhaps a car. At what point does a hole require mention?

This is the sort of question that keeps me awake at night.

That and the neighbor's dog.
 

Tom Woolford

Elite Member
Joined
Nov 20, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Holes should not keep you awake, and neither should the dog. One small hole (less than 1 ft sq) let it go and get some sleep. Oh yeah, shoot the dog.
 

Ken B

Elite Member
Joined
Feb 18, 2004
Professional Status
Certified General Appraiser
State
Florida
Holes should not keep you awake, and neither should the dog. One small hole (less than 1 ft sq) let it go and get some sleep. Oh yeah, shoot the dog.

I was thinking a hole in the dog might solve at least one problem. But then there is the issue of unintended consequences. After all, the neighbor might retaliate and put a hole in me. My wife would probably not like either idea. Well, maybe one of them, I just don't know which one. She doesn't like the dog, but she does think I should buy her flowers more often.

And what if there are two holes in the drywall? But, combined, the affected area is less than 1 SF? Would that require mention? What about a hundred or so holes from a claw hammer? Ahhhgg! No sleep for me tonight!
 

Caterina Platt

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
New Mexico
Two things come to mind, marketability and safety.

I had a hole in the drywall on which I required repair, only because the electrical wiring became exposed under the light switch as a result. Kids, toys falling in the hole, reaching in there for whatever reason, it's a hazard.

If that's not applicable to your case, then you may have a few items of cosmetic repair issue that amount to something that affects your condition adjustment, but not a Safety/Security/Saleability issue.
 

Ken B

Elite Member
Joined
Feb 18, 2004
Professional Status
Certified General Appraiser
State
Florida
Saleability? I thought it was safe/sound/sanitary.

And what about the dog? I don't think it meets any of those standards.
 

Caterina Platt

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
New Mexico
Safety of the occupants

Security of the property

Saleability of the property (saleability is an awkward word, isn't it? Almost like a Bushism. :leeann2:)
 

Ken B

Elite Member
Joined
Feb 18, 2004
Professional Status
Certified General Appraiser
State
Florida
Hmpf. Safe, sound, and sanitary must just be a VA thing. I can't remember the last time I did an FHA appraisal, so what do I know? I'll take your word for it.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
It's Safety, Sanitation, & Soundness.
 
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