Improvements Condition?

[Overimprovement]

My question relates to the 1004 form, page 1, improvements section. The condition ratings (floors, walls, trim/finish, etc) that 'seem' to be the norm are simply: poor, fair, adequate, and good. Are there any actual standards or other conventions at play here? The UAD guidelines seem to be silent on these fields, at least per this document, which conspicuously excludes any discussion on these fields:

https://www.fanniemae.com/content/technology_requirements/uad-specification-appendix-d.pdf

Given the UAD overall property condition guidelines of C1--C6, how do you personally match up 4 descriptive ratings above to the 6 UAD condition ratings, which I understand are only for the entire dwelling? Or what descriptors are you using in your reports, if different?

I have personally added in 'very good' and 'new' in the past, and never had a revision request or even had it questioned, but just curious what others think. It stands to reason that if C1--C6 can apply to an entire dwelling, the same criteria could/should apply to individual features as well.

If 'good' is as good as it gets, that would include everything from C1 to C3 then I suppose...

 

[Jerry Bone Jr]

I use poor, fair, average, good, & new.

 

[TRESinc]

I use poor, fair, average, good, & new.

same here

 

[Rocky777]

On page one, using poor, fair, average, good, & new seem to be what most appraisers use, for the sales grid using the UAD overall property condition guidelines of C1--C6 is crap, they are poorly written and jumbles lots of important factors into 1 line. But it is what we got to do. You can always move important factors to their own line in the bottom so its easier to show comparisons between sales for items like kitchen upgrades etc.

 

[Tim The Enchanter]

I use poor, fair, average, good, & new.

Very good and excellent?
Party at Wayne's world?

 

[Tom4value]

Sounds like everyone uses the same descriptions. Being from MA, I tried using "wicked pissa" but it didn't catch on in other parts of the country.

 

[Jerry Bone Jr]

Very good and excellent?
Party at Wayne's world?

Nope, no VG or excellent.
Bill & Ted's ?

 

[Indiana Jones]

same here

Yep

 

[andrew81]

I use poor, fair, average, good, & new.

same here

Yep

 

[Mike Kennedy]

C1 - New
C2 - VG
C3 - GD
C4 - AVG
C5 - FAIR
C6 - POOR