Plywood flooring

[Mom24]

I just did an FHA appraisal with the subject having 85% plywood for the flooring above grade. I've researched FHA guidelines and trying to figure out if this has to be made subject to installation of flooring or considered it under overall condition and made as is? Any input would be appreciated.

 

[glenn walker]

It

I just did an FHA appraisal with the subject having 85% plywood for the flooring above grade. I've researched FHA guidelines and trying to figure out if this has to be made subject to installation of flooring or considered it under overall condition and made as is? Any input would be appreciated.

FHA requires floor coverings and its just like a repair condition and yes its Subject to installation of floor coverings.
NOTE: This may not apply to new construction -Is your existing older home or brand new ?

 

[Mom24]

It

FHA requires floor coverings and its just like a repair condition and yes its Subject to installation of floor coverings.
NOTE: This may not apply to new construction -Is your existing older home or brand new ?

Thank you! It's 45 yrs old. I called the HUD line but they just stated exactly what I read under guidelines which really doesn't give you the answer. Thank you again!

 

[glenn walker]

Thank you! It's 45 yrs old. I called the HUD line but they just stated exactly what I read under guidelines which really doesn't give you the answer. Thank you again!

Only Cosmetic issue with floor coverings are not required to me mitigated and at your HOC 90% of calls are about things cosmetic or normal wear and tear-because new FHA apparsiers were calling out things like small tears -hold-dirty etc. On a 45 year old home-I would have taken photos of the bare plywood and made it "subject" to having floor coverings installed. This is especially on a purchase because that new buyer may not have the money to install 85% of a house floor coverings today's prices are double of what it was 8 years ago. Anyway call it out and let the chips fall-my guess is the FHA DE Underwriter is going to side with you and they can always do a escrow hold back if the sellers short on funds.

 

[Mom24]

Thank you, that's how I had it written up as subject to but reviewer from AMC sent it back saying it was cosmetic no subject to...I just needed the reassurance.

 

[Fernando]

Speaking of flooring, sometimes I have hard time if floor is laminated, engineered wood, or hardwood. So I just call it wood floor.
My home's hardwood has little nails so I can see it's hardwood. Has newer hardwood floors still have nails or new way to cosmetically installed?

 

[KYLECODY]

Thank you, that's how I had it written up as subject to but reviewer from AMC sent it back saying it was cosmetic no subject to...I just needed the reassurance.

Got to love those AMC reviewers. Generally not even appraisers. Sometimes instead of wasting my time pulling up guidelines I'll tell them to show me exactyly where it says what they believe is in the guidelines...they usually go away.

 

[Sid Holderly]

Even most hardwood floors from the mid-1950s were groove nailed to hide the nails. Some of the new laminates or engineered are very difficult to differentiate and some cost more than actual hardwood.
New high-tech vinyl may also cost more than economical porcelain tile. Flooring has become a much more difficult indicator of quality.