Baton Rouge FHA Appraiser Explains ANSI Standards 5′ Sloping Wall Height Rule

https://www.appraisersinbatonrouge.com/ – Baton Rouge FHA Appraiser Explains ANSI Standards 5′ Sloping Wall Height Rule

 

Based on my experience, the ANSI 5′ Slanted Wall Height Rule is one of the most misunderstood or ignored rules for measuring homes. I recently took the time to draw a diagram illustrating the rule based on ANSI Standards, Z765-1996, Page 2, which states,

“ To be included in finished square footage calculations, finished areas must have a ceiling height of at least 7 feet except: under beams, ducts, and other obstructions where the height may be 6 feet 4 inches; under stairs where there is no specified height requirement; or where the ceiling is sloped. If a room’s ceiling is sloped, at least one-half of the finished square footage in that room must have a vertical ceiling height of at least 7 feet; no portion of the finished area that has a height of less than 5 feet may be included in finished square footage.”

See the Diagram and Video Below:

 

Author’s Bio:

Bill Cobb is Greater Baton Rouge’s favorite and reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 21 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Home Appraisal Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:

Office: 225-293-1500

Cell: 225-953-0638
Fax: 1-866-663-6065

[email protected]

http://www.getfastvalue.com

Lakeshore Gardens Baton Rouge Louisiana 70809 Subdivision Video Tour

http://www.batonrougerealestateappraisal.com/ – Lakeshore Gardens Baton Rouge Louisiana 70809 Subdivision Video Tour.

Lakeshore Gardens Is A Newer 3-5 Year Old Residential Development With Approximately 70 homes valued in the $300,000 to $450,000 range. The location is very convenient to the Mall Of Louisiana and the Siegen Lane Retail Corridor.

Baton Rouge FHA Appraiser Appraises Zeeland Place 70808

Baton Rouge FHA Home Appraisers

Baton Rouge FHA Appraiser Appraises Zeeland Place 70808

baton-rouge-la-fha-home-appraisers

 

Solds from 01/01/2008 to 04/25/2009 reveal:  

Average Sales Price: $212,088

Average Sold Price Per Sq. Ft.: $125.10/sf

Median Sold Price: $209,350

Low Sales Price: $161,000

High Sales Price: $265,000

Average # of Days On Market: 72 Days On Market

# of Sales: 8

New Rules To Change How Greater Baton Rouge Homes Are Appraised

http://batonrougerealestateappraisal.com/ –   New Rules To Change How Greater Baton Rouge Homes Are Appraised

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Baton Rouge's Park Forest Subdivision Q1 2009 Update

http://batonrougerealestateappraisal.com/ – Baton Rouge’s Park Forest Subdivision Q1 2009 Update

Solds In Park Forest From 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $148,627
Average Sold Price Per Sq. Ft.: $84.91
Median Sold Price: $147,900
Low Sales Price: $110,000
High Sales Price: $280,000
Average # of Days On Market: 43
# of Sales: 51

Solds In Park Forest From 01/01/2008 to 02/18/2009 reveals:
Average Sales Price: $134,043
Average Sold Price Per Sq. Ft.: $88.41
Median Sold Price: $134,450
Low Sales Price: $90,000
High Sales Price: $196,000
Average # of Days On Market: 94
# of Sales: 28

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Subdivision, the market direction appears to be declining. The Average Sales Price has declined -$14,584 or -9.81%. Median Sales Price has declined -$13,450 or -9.09%. Average Sold Price Per Sq. Ft. has increased +$3.50/sf or +4.12%.

Park Forest data is presented with the permission of the Greater Baton Rouge Association of Realtors.

Author’s Bio:

Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Home Appraisal Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:

Office: 225-293-1500, Cell: 225-953-0638

Fax: 1-866-663-6065

[email protected]

http://greaterbatonrougerealestatetv.blogspot.com/