Nope. I usually find these cost more per SF than GLA but contribute less than the GLA. They tend to be an over-improvement. The last one I was in, has a wet bar, pool table, waterfall, fountains pool lights and was a salt water pool...lots of windows, dehumidifier, and wood beams - more than $200,000 cost. Basically an addition to the dwelling but too much. I discounted it severely based on discounts I had extracted for pools elsewhere but even then...this was overdone. And the whole house was a garish display by someone with more money than sense.Should an in door heated swimming pool area be included in the GLA?? Accessed by a sliding door from the main part of the home.
If the city/town assessor is considering the area as GLA and your GLA calculation conforms to that, I would think that would cause less of an issue with the lender/buyer. Our underwriters don't have access to MLS service and use property records for some data verification. It's a very interesting scenario because the room would have a specific utility that may be adverse in comparison to the rest of the GLA and might also be considered an over improvement in many markets.Even if you do that the GLA of the "pool room" is very likely to be different than the GLA for the house. including it with the GLA will cause problems from day one with the lender, reviewer, buyer etc.
Right, 5-feet deep water is not a finished flooring material. It could be covered with a decking material however but if it is a heated pool it is probably used year round as a pool not living space. The decking area around the pool however, may be considered IMO.I remember an old-time appraiser tell
me when I was a newbie: “it can’t be living area if you can’t walk on it”. It struck me as a simple common sense response to my confusion about the matter.