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New construction side by side 2 family being condo'd. Which measuring standard.

cdanj

Junior Member
Joined
Nov 19, 2013
Professional Status
Certified Residential Appraiser
State
New Jersey
Since it's a condo I did paint to paint. But now that I'm reading up on it. Apparently I should have done exterior measurements are used, but with an estimate for half the width of the common wall counted in square footage
Now QC is asking which ANSI standard I used.
"2) Appraiser to mention which ANSI standard used for this report because this is Row/townhome project which requires ANSI."
I want to reply


Advice please.
 
Since it's a condo I did paint to paint. But now that I'm reading up on it. Apparently I should have done exterior measurements are used, but with an estimate for half the width of the common wall counted in square footage
Now QC is asking which ANSI standard I used.
"2) Appraiser to mention which ANSI standard used for this report because this is Row/townhome project which requires ANSI."
I want to reply


Advice please.
Sounds like you used ANSI but applied the wrong criteria. How else could you explain it
 
Since it's a condo I did paint to paint. But now that I'm reading up on it. Apparently I should have done exterior measurements are used, but with an estimate for half the width of the common wall counted in square footage
Now QC is asking which ANSI standard I used.
"2) Appraiser to mention which ANSI standard used for this report because this is Row/townhome project which requires ANSI."
I want to reply


Advice please.
Exterior like duplex or how plans show it...then explain why you did it that way.
 
According to Fannie Mae, it is the architectural design of the dwelling, not the ownership interest, that triggers the requirement to use ANSI Z765. Fannie Mae requires appraisers to use ANSI Z765 to measure detached or attached (e.g., townhouse or rowhouse) single-family dwellings, regardless of whether the ownership interest is condominium or fee simple. Hence, a townhouse-style condominium unit would need to be measured using ANSI Z765, as would a detached condominium unit (i.e., a “site condo”). Conversely, the GLA of an apartment-style condominium unit (sometimes referred to as “garden-style”) would be calculated using interior measurements (i.e., “paint-to-paint”) and ANSI Z765 would not be applicable.

Irrespective of ownership type (Condominium, Co-op, Fee Simple, etc.), the ANSI standard must be followed (if legally permissible – see the Annex to the ANSI standard, page 4, for more information) for houses with detached or attached architectural design including townhouses, rowhouses, and other side-by side houses. The ANSI standard should not be used if the architectural design is an apartment-style or multifamily building. When measuring a condominium or co-op that is part of an apartment-style or multifamily building, Fannie Mae’s policy of using interior perimeter measurements for the subject property should be applied.
 
Since it's a condo I did paint to paint. But now that I'm reading up on it. Apparently I should have done exterior measurements are used, but with an estimate for half the width of the common wall counted in square footage
Now QC is asking which ANSI standard I used.
"2) Appraiser to mention which ANSI standard used for this report because this is Row/townhome project which requires ANSI."
I want to reply


Advice please.
The reply they are looking for is.... 'ANSI Z765-2021 was used in measuring the subject improvements and in calculating living area'.
 
But the OP admitted they didn't
Obviously, you don't say it if you didn't do it. My suggestion to the OP: Quit posting about it, return to the subject property, and measure it in accordance with ANSI standards. Then, revise your appraisal report as needed.
 
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