Standardized Property Measuring Guidelines

[Fernando]

Next time you measure use your way and do it a second time to the ANSI standard. If you measure to the half foot as I always did I don't think you'll see much difference.

Whenever it's 3% difference from tax assessors, it's statistically not different.
There are times when it's more than 5% off then more work to investigate the difference. Like did assessor included enclosed patio into GLA?

 

[Charles West]

Client will have me follow ANSI in engagement letter.
When there's a discrepancy with my measurement and comps, I have to estimate to best of my knowledge what gross area of comps should be.
I already have to estimate size of basement and in law units when no public sources available. Now estimating comp measurements will bring more room for errors.

You start doing that and you will be looking for a different line of work. Just put a new disclaimer in your reports.

 

[Fernando]

You start doing that and you will be looking for a different line of work. Just put a new disclaimer in your reports.

There's so much you can do with disclaimers.
For SFR, we rely on sales comparison approach and comparing comps similar size is upmost important.
I'm not very good in details but appraising has become more and more detail oriented losing whole picture of appraising and if we're off the details, we get in trouble especially with the state board police.

 

[Steelers74]

This will make bracketing GLAs more fun

 

[Fernando]

I'll survive.
Even now when my subject's measurement is off a bit from comps' (same floorplan) tax assessors records, I put actual tax records gross area.
I note comment that same size and no adjustments needed. With new change, Fannie allows me to change comps area which I can document from Fannie.

 

[huntercharlie]

Next time you measure use your way and do it a second time to the ANSI standard. If you measure to the half foot as I always did I don't think you'll see much difference.

I currently do to the half-foot...I could even tolerate to the quarter-foot but to the inch with shrubs, trim, sloping lots and then assume all walls were constructed to the proper degree. Oh boy.

 

[Charles West]

I used a Nokia tape that read in tenths.

 

[Mejappz]

This here is a no-go. And opens up more liability to the appraiser.

 

[Mejappz]

Cha-Ching

 

[Charles West]

This here is a no-go. And opens up more liability to the appraiser.


View attachment 57445

That's what I'm saying. You won't believe the stips you're going to get messing around altering public records without real just cause.