- Mar 28, 2008
- Professional Status
- Certified Residential Appraiser
I have a question regarding heat source for a finished 3rd level. I have read all the guidelines and know that as far as FHA is concerned "ALL habitable rooms must have a heat source". The third floor on this home is accessed through a hallway full walk up stair case and is otherwise finished similar to the rest of the house (HW flooring, plaster, etc.) This room is substantial in size as well 20' x 13'. Homes in this area typically have finished 3rd levels with most having a heat source (typically electric base). It appears as though the county records is including this area in the overall GLA (I know that is not my determining factor). Just wondering how some of you would treat this? The room has added value in this neighborhood. There is adequate electric service to add electric base for a minimal cost. Should I call for heat to be added, count this as a finished attic with no heat, etc. ? Any thoughts would be appreciated.