Standardized Property Measuring Guidelines

[CGinMN]

I have a question, if a cape COD for example does not meet the 7 ft rule and you add the additional finished space (GLA) to a separate line, do you still add this space to the above grade room counts? Lets say it is a bedroom and a full bathroom for example. Is it a 1 full bath 2 bedroom or a 2 full bath 3 bedroom?

Nobody knows. They didn't think that far ahead.

 

[residentialguy]

Nothing beats old school

Redirect Notice

 

[sputnam]

Buy the standard. Buy the book. Take the class.

 

[djd09]

I have a question, if a cape COD for example does not meet the 7 ft rule and you add the additional finished space (GLA) to a separate line, do you still add this space to the above grade room counts? Lets say it is a bedroom and a full bathroom for example. Is it a 1 full bath 2 bedroom or a 2 full bath 3 bedroom?

yet another, cape COD, the closet area, which is finished heated but only measured 6'9'', now would have to be put on a separate line. plus the fact i need to waste time measuring the fricken closet area to the tenth with dirty undies in there.
unbelievable

 

[chris gallo]

and what about the room counts, I see comps where I can tell that they won't meet the 7' ceiling rule. I guess that comp no longer has those two upstairs bedrooms and that 2nd full bathroom? Or do we still put them in the room count and the home has a whole lot of rooms for such a small GLA.

 

[J Grant]

It is a highest and best use problem. When these homes were new, customers had an option of either a 3rd garage or Casita. The Casita cost $25,000 more than the garage.

So, is the home worth more as a separate casita, or converted to GLA by installing a door. ANSI really has no idea.

You are the appraiser, you come up with the idea from the market. Ansi is about measuring and which areas to include or exclude as GLA living area of dwelling. Why would you expect ANSI to tell you what any feature is worth in a market area? That is the appraiser's job

Correctly state the casita is not part of main dwelling sf, and find its contributory value in the market . If you want to make appraisal subject to installing a door from casita into the main dwelling, that is your call as an appraiser , just as it was before ANSI was the standard.

 

[J Grant]

and what about the room counts, I see comps where I can tell that they won't meet the 7' ceiling rule. I guess that comp no longer has those two upstairs bedrooms and that 2nd full bathroom? Or do we still put them in the room count and the home has a whole lot of rooms for such a small GLA.

I believe the Fannie paper on ANSI has some room for this kind of exception in it

 

[djd09]

the good news is USPAP doesnt even require a measurement

 

[djd09]

Why It’s Hard to Get a Home’s Exact Square Footage—And Why It May Not Matter​

There’s no standardized way to measure it, so buyers must do their due diligence​

"The truth is, it’s really not that important," said Lisa Chajet, a broker with Warburg Realty in New York. "How the space feels matters more. I’ve sold many apartments that are quoted at being, for example, 1,200 square feet, but they feel like more because they have large windows and high ceilings."


But the larger the space, the more significant the deviations in measurements can become. Buyers of single-family houses as well as of apartments, then, should still do their due diligence to avoid surprises—and potentially, legal battles.


"It becomes complicated if someone buys under the impression that the house is one size, moves in, measures the house, and finds out it’s something different," said Santiago Arana, a broker with The Agency in Los Angeles. "The person gets upset, and that’s when the lawsuits start."

Why It’s Hard to Get a Home’s Exact Square Footage—And Why It May Not Matter

There’s no standardized way to measure it, so buyers must do their due diligence

www.mansionglobal.com

yes, maybe we should estimate cubic square feet, apples to apples.

legal issues, no concern, E&O has that covered

 

[Terrel L. Shields]

Devil is in the details.

If you have this precise estimate of the ground floor to the tenth of a foot, then add some ridiculous estimate of wall thickness to an interior measurement...well, ain't that sweet. And if you've ever tried to measure 7' heights of a half story house with angles and dormers, where the stairs butts against the wall...gluck measuring over that laser or no.

we aren’t the experts we thought we were.

appraisers were never intended to be "experts" in surveying, building construction, hazard identification, title experts, materials identification experts, and if we were we would be Registered Land Surveyors, Contractors, HAZMAT certified, licensed title abstractors and Professional Engineers all rolled into one. Precision is a p poor substitute for accuracy and common sense.

I guess that comp no longer has those two upstairs bedrooms and that 2nd full bathroom? Or do we still put them in the room count and the home has a whole lot of rooms for such a small GLA.

No you put down 0 bedrooms and 0 bath and let the client and borrower say WTF? and call you up calling you an idiot.