Where To Include 1/2 Bath That Is In A Detached Patio Next To The Swimming Pool?

[Tom Woolford]

Looking back on this, it should be noted that FNMA and FHA will require a picture of it whether it is GLA or not.

 

[residentialguy]

Looking back on this, it should be noted that FNMA and FHA will require a picture of it whether it is GLA or not.

Yes...it's only natural. Fannie and toilets are very attached.

 

[Rlong]

Heck, I don't make pool adjustments let alone a bath by a pool

Says the appraiser in Wisconson!! : )

 

[Deleted member 128537]

Says the appraiser in Wisconson!! : )

Yeah, well maybe if it was a sauna by an ice rink.

 

[DonRico]

I'm giving this half-bath a HUGE adjustment.....nobody is going to be peeing in that pool and the Market Reaction is favorable !!

 

[bnmappraisal]

I am going to assume this is a high-dollar property. The AMC wants you to value a half bath by a pool? Considering that request I would ask them how one would support such an adjustment since they seem to be an expert.

Why would you assume high-dollar property? (what would you consider high-dollar BTW? - to me that's over $750k)

I often run into garage baths (or 1/2 baths) and/or pool baths in my market - even in $100k-200k properties. Many times agents will count these in the total bathroom count in the MLS.

I place these on a separate line item (as many others have suggested) and adjust accordingly. Thankfully I can show market reaction(s) (generally accepting) with similar type comps. I will add, though, that this often takes additional research and/or verification, often with phone calls to several agents regarding their "total bath" counts. This also takes additional comments within the report/generally addendum