Finished Attic Part Of Gla Appraisal

First it wasn t engineered to carry the load that a normal living space floor carries.

Finished attic part of gla appraisal.

I never had a problem subject to quality addressing these honestly and accurately as below the line basement in the old days other areas that may be at same value. The fannie mae selling guide does not specifically identify any requirements for inclusion of finished attic spaces or ceiling heights. Gla and attic space though some homeowners don t use their attics as living space appraisers can factor these sections into gla. I don t see how a finished attic can be included in gla unless there are permits.

The exterior is completely finished. It does have a door from my daughter s bedroom that we use as storage. A contractor or a local building. Finished basements and attic areas are not generally included in gross living area.

I have an unfinished space above my garage that i always thought was an attic. Part 2 of my story please understand the difference between a unfinished attic finished attic and half story. Similar to below grade rooms this space is given value in part of the appraisal other than gla. This is a huge difference that i learned the hard way.

Follow the rule of 7s. A requirement is that attic ceilings have a height of at least 5 feet. Every attic is different but a few established norms and practices will guide your renovation. Definitely a nice feature but not gla.

The interior needs insulation sheet rock tape and textured also needs flooring. The fourth story when present is a mezzanine or loft area that years ago would have been considered about the same as a finished attic. The erc guideline also states. Finished attic space with a minimum of 5 foot walls and heat is calculated for gla.

If a room which meets guideline 5 and should be included in gla has a sloping ceiling the appraiser should consider the 5 foot height rule for calculating livable space. I wouldn t put a water bed up there. Calculated by measuring the outside perimeter of the structure and includes only finished habitable above grade living space. Only 1070 is fully finished the other 480 sq ft has direct access from the other finished gla and has central heat and air.

A finished basement is not measured as part of gla because it is below the property s grade level.