Ricky LaFleur
Junior Member
- Joined
- May 11, 2020
- Professional Status
- Certified General Appraiser
- State
- Kansas
Think about what they're trying to establish by this standard. You obviously have a first floor area and a second floor area with stairs descending from it. They're basically saying to count the first floor area like normal as though the stairs don't exist, THEN add the area of the stairs to the second floor area. That's the way it's stated, although elaborating wouldn't hurt ANSI any. An easier way to picture what they state is to include the first floor like normal then imagine the area of the stairs being elevated to level with the second floor and simply including it on that floor, not the first. You don't subtract from the first floor though.On a 2 story home with one stair case, the stair case counts as GLA for the second floor (from which it descends) and not the first floor. If there is a staircase going to the basement also, that counts for GLA on first floor. However if it is on a slab, the area for the one staircase is for the second floor only and therefore a space needs to be extracted from the sketch so as not to include in the first floor GLA. After taking a class, it is still somewhat confusing in practice.
There's a whole world outside of Fanny that can choose whether they utilize ANSI, but what you responded to I said as a joke. I've used ANSI since I started because that seemed to already be a common standard, not because it was required.New standards apply for all Fannie Mae appraisals 4/1/2022.