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Subject Property Not ANSI Compliant

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CGinMN said:
There is no ANSI above-grade finished area in this scenario, so wouldn't the exception be similarly appropriate?
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Q23. How should appraisers value finished areas that do not meet the ANSI standard ceiling height requirements for finished square footage? The Selling Guide offers some guidance on this topic. When the subject property has an area that does not meet the ANSI minimum ceiling height requirements, the additional square footage must be reported on a separate line in the adjustment grid and a market adjustment applied, if warranted. Similarly, we require the appraisal report to account for all other square footage that is not included in the GLA.
 
Dublin ohio said:
What part of the described subject cannot be measured to the ANSI standard? ANSI only deals with above or below grade finished area. The subject obviously has above grade finished area.
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What if your state requires you to measure above grade areas to a different standard than ANSI? The GSE's which are requiring ANSI compliance for their products instructs us to use the exception code for measuring & valuing those "above grade" areas.
 
Dublin ohio said:
Q23. How should appraisers value finished areas that do not meet the ANSI standard ceiling height requirements for finished square footage? The Selling Guide offers some guidance on this topic. When the subject property has an area that does not meet the ANSI minimum ceiling height requirements, the additional square footage must be reported on a separate line in the adjustment grid and a market adjustment applied, if warranted. Similarly, we require the appraisal report to account for all other square footage that is not included in the GLA.
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That guidance applies to additional square footage. It's not to be used to describe homes as having zero square footage. That is the reason the exception code exists, and its use is not restricted to simply underground homes.
 
Dublin ohio said:
Q23. How should appraisers value finished areas that do not meet the ANSI standard ceiling height requirements for finished square footage? The Selling Guide offers some guidance on this topic. When the subject property has an area that does not meet the ANSI minimum ceiling height requirements, the additional square footage must be reported on a separate line in the adjustment grid and a market adjustment applied, if warranted. Similarly, we require the appraisal report to account for all other square footage that is not included in the GLA.
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“an area” is different than the entire home.

Any SF home can be measured to the ANSI standard, even when they are hypothetical or the exterior cannot be accessed. The reason the berm home is appropriate for the exception, is because if measured to ANSI it would result in 0sf for the GLA due to grade. The subject, if measured to the ANSI standard, would also have 0sf of GLA only it is due to ceiling height. I would conclude that an exception is is similarly appropriate.
 
Mike Ault said:
What if your state requires you to measure above grade areas to a different standard than ANSI? The GSE's which are requiring ANSI compliance for their products instructs us to use the exception code for measuring & valuing those "above grade" areas.
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Q9. What should the appraiser do if compliance with the ANSI standard is not possible? If the appraiser is unable to adhere to the ANSI standard, they must enter “GXX001-” at the beginning of the Additional Features field of the appraisal report and provide an explanation of why they were not able to comply. For example, if the appraiser is performing an appraisal in a state that requires appraisers to adhere to a different measuring standard, the appraiser may use the exception code and the loan may still be eligible for purchase by Fannie Mae. See the Gross Living Area section of Selling Guide B4-1.3- 05, Improvements Section of the Appraisal Report for more information.
 
Dublin ohio said:
Q9. What should the appraiser do if compliance with the ANSI standard is not possible? If the appraiser is unable to adhere to the ANSI standard, they must enter “GXX001-” at the beginning of the Additional Features field of the appraisal report and provide an explanation of why they were not able to comply. For example, if the appraiser is performing an appraisal in a state that requires appraisers to adhere to a different measuring standard, the appraiser may use the exception code and the loan may still be eligible for purchase by Fannie Mae. See the Gross Living Area section of Selling Guide B4-1.3- 05, Improvements Section of the Appraisal Report for more information.
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Why didn't you bold the "for example" part?
 
I think there’s enough disagreement that if the appraiser used the exception, they would not be hassled, so long as they explained what they did and, more importantly, they supported their opinions on the functional utility.
 
CGinMN said:
and, more importantly, they supported their opinions on the functional utility.
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Due to climate change, wars, & the worldwide famines forecasted soon, it is this appraiser's opinion that people will become "shorter" in the future, and the market will apply a minimal discount for this particular functional defect…:rof:
 
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Whenever I think of low ceiling heights...
 
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