RSW
Elite Member
- Joined
- Feb 18, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Tennessee
I have my first VA under construction appraisal that I am working on. The improvements are between 50 to 55% complete. I have been reading the VA Reference Material (Mainly Chapter 10). It says:
Construction exhibits are required for properties appraised as “proposed or
under construction”. They are not required for properties appraised as either
“new construction” or “existing construction.”
Each set of proposed construction exhibits must include
specifications on VA Form 26-1852, Description of Materials, signed and
dated by the builder in all cases and by the veteran when one is under
contract in an individual case processed as “proposed or under
construction”. Other specification formats are also acceptable, provided
they are signed and dated by the builder and veteran as described above and
are sufficiently detailed for VA appraisal and compliance inspection
purposes.
plot plan which includes the location of the well/septic systems, if
applicable.
all exterior building elevations.
foundation or basement plan.
plan of all floors.
sectional wall details.
a certification signed and dated by a technically qualified and properly
identified individual (such as, builder, architect, engineer, etc.) which states,
“I certify that the construction exhibits for (identification of the property by
house type, lot, block, subdivision name, etc.) meet all local code
requirements and are in substantial conformity with VA Minimum Property
Requirements, including the energy conservation standards of the 1992
Council of American Building Officials’ Model Energy Code and the
requirement for lead-free water piping.” VA will accept HUD Form 92541,
Builder’s Certification of Plans, Specifications and Site, in lieu of this
certification.
Note: In most cases for HUD Form 92541 to be acceptable, it must have the
identifying information at the top completed, as well as Items 2 and 4 or
Items 5, 6, 9, 10, 12 and 13.
My question is: Is it a requirement to have the VA Form 26-1852 completed and sent to the appraiser?
Construction exhibits are required for properties appraised as “proposed or
under construction”. They are not required for properties appraised as either
“new construction” or “existing construction.”
Each set of proposed construction exhibits must include
specifications on VA Form 26-1852, Description of Materials, signed and
dated by the builder in all cases and by the veteran when one is under
contract in an individual case processed as “proposed or under
construction”. Other specification formats are also acceptable, provided
they are signed and dated by the builder and veteran as described above and
are sufficiently detailed for VA appraisal and compliance inspection
purposes.
plot plan which includes the location of the well/septic systems, if
applicable.
all exterior building elevations.
foundation or basement plan.
plan of all floors.
sectional wall details.
a certification signed and dated by a technically qualified and properly
identified individual (such as, builder, architect, engineer, etc.) which states,
“I certify that the construction exhibits for (identification of the property by
house type, lot, block, subdivision name, etc.) meet all local code
requirements and are in substantial conformity with VA Minimum Property
Requirements, including the energy conservation standards of the 1992
Council of American Building Officials’ Model Energy Code and the
requirement for lead-free water piping.” VA will accept HUD Form 92541,
Builder’s Certification of Plans, Specifications and Site, in lieu of this
certification.
Note: In most cases for HUD Form 92541 to be acceptable, it must have the
identifying information at the top completed, as well as Items 2 and 4 or
Items 5, 6, 9, 10, 12 and 13.
My question is: Is it a requirement to have the VA Form 26-1852 completed and sent to the appraiser?