Should I be using ANSI for this subject?

[shrubberyvaluation]

Working on a rowhome that was converted into 2 condos, 1 unit is the 1st floor + basement and the other unit is the 2nd and 3rd floors. Should I use ANSI. Multiple units are in the building but its also rowhouse style.

According to FNMA: (bold is my emphasis.)

The standard should not be used if the architectural design isan apartment-style or multifamily building. When measuringa condominium or co-op that is part of an apartment-style ormultifamily building, Fannie Mae’s policy of using interior perimetermeasurements for the subject property should be applied.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 designincluding townhouses, rowhouses, and other side-by side houses.

 

[J Grant]

I still use it but with interior measurements instead of ext.

 

[Dublin ohio]

Working on a rowhome that was converted into 2 condos, 1 unit is the 1st floor + basement and the other unit is the 2nd and 3rd floors. Should I use ANSI. Multiple units are in the building but its also rowhouse style.

According to FNMA: (bold is my emphasis.)

The standard should not be used if the architectural design isan apartment-style or multifamily building. When measuringa condominium or co-op that is part of an apartment-style ormultifamily building, Fannie Mae’s policy of using interior perimetermeasurements for the subject property should be applied.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 designincluding townhouses, rowhouses, and other side-by side houses.

Sounds like and "apartment" style to me. It has units on different levels or floors. Not really what I would consider a "row home" style. Which if I understand is what many call "townhouse" style

 

[sputnam]

ANSI is only required by Fannie in appraisals of single family dwellings which include a full appraisal inspection of the property. You don't have to use the ANSI approach to measuring and calculating... but, you can use it if you choose to.

 

[djd09]

you should never use the anti market measuring standard...

 

[David S]

One of ANSI definition said :" Measurements are taken and reported on the sketch or floor plan to the nearest inch or tenth of a foot, and the final square footage calculations are reported to the nearest whole square foot" I think at least this is still apply to condo.

 

[Fernando]

ANSI is only required by Fannie in appraisals of single family dwellings which include a full appraisal inspection of the property. You don't have to use the ANSI approach to measuring and calculating... but, you can use it if you choose to.

I'm surprised you're first one to call this out.
ANSI is confusing for many.

 

[Fernando]

One of ANSI definition said :" Measurements are taken and reported on the sketch or floor plan to the nearest inch or tenth of a foot, and the final square footage calculations are reported to the nearest whole square foot" I think at least this is still apply to condo.

ANSI doesn't apply to condo.
ANSI is so confusing for many.

 

[Dublin ohio]

ANSI doesn't apply to condo.
ANSI is so confusing for many.

Here is what Fannie says about condos and ANSI

Note: The ANSI standard cannot be used to measure apartment-style units in condo or co-op projects; however, it must be used for any non-apartment style dwellings including townhomes, rowhouses, and other detached single-family homes. When measuring apartment-style units in condo, or co-op projects; the appraiser should use interior perimeter measurements. The ANSI standard also does not apply to two- to four-unit properties.

Here is what Freddie says about condos and ANSI.

Note: The ANSI standard cannot be used to measure apartment-style units in condo or co-op projects; however, it must be used for any non-apartment style dwellings including townhomes, rowhouses, and other detached single-family homes. When measuring apartment-style units in condo, or co-op projects; the appraiser should use interior perimeter measurements. The ANSI standard also does not apply to two- to four-unit properties.

Seems to me you use ANSI for condos as long as they are not "apartment" style.

 

[Tom D]

so easy to measure the inside of a condo, well at least close enough with a laser against the wall. it becomes harder when the are walls to figure and go around thru. nobody understands my hard urban life row home/townhse appraising life that i constantly have to fight with. they think having all my comps within 5 minutes of each other, and 20 minute drive time is the easy life. no comment.