From Kirk Olsen…Certified Appraiser (and one fine Marimba Palyer)
There’s a new system in the works for reporting the number of bathrooms in an appraisal report.
The number of full baths is shown to the left of the decimal
The number of half baths is shown to the right of the decimal
Notice that there is no longer any distinction between a ¾ bath and a full bath
- 1.1 = One full bathroom (toilet, sink, shower) and one half bath (just a toilet and a sink)
- 2.3 = Two full bathrooms (both have toilets and sinks–one has a tub, the other a shower.) and three half baths
- 2.0 = Two full bathrooms (Commentary would be used to capture other non-conforming details that do not qualify as a half or full bath, such as, “The house has a sink in the garage and a toilet in the basement.”)
This is part of an overall effort to create a national standard for the fields in the appraisal forms. It will be fully in place by September 1, 2011, but the process is already underway.
Remember…if it happens to Real Estate…It Matters to you!
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