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Message
Home Value-appraisal square footage difference
Posted on 1/10/18 at 10:48 am
Posted on 1/10/18 at 10:48 am
Its pretty common I suppose for tax records to have slightly different square footage than what the appraisal might show. But in looking at mine, and according to the lady handling our HELOC, there is a difference of 262 feet from appraisal to tax records. Who is wrong? Builder plans? Appraiser? Tax Records? All 3?
@ 140/sq. ft, that 262 ft. is a difference in market value of $36,680. That is enough to make me sick.
Anybody ever dealt with this? Is there any recourse?
@ 140/sq. ft, that 262 ft. is a difference in market value of $36,680. That is enough to make me sick.
Anybody ever dealt with this? Is there any recourse?
5
Posted on 1/10/18 at 11:00 am to AUjim
The property appraiser should have the record with a diagram of the house right? Does the drawing have some numbers off?
Any idea where the extra sq footage came from?
Any idea where the extra sq footage came from?
Posted on 1/10/18 at 11:09 am to baldona
No idea. I just looked at the drawing and I'm going to measure it myself just to see if anything obvious stands out....starting to freak a little bit.
Posted on 1/10/18 at 11:16 am to AUjim
was any unconditioned spaced finished after the house was built?
Posted on 1/10/18 at 11:17 am to ATLdawg25
No. House is as it was when it was built in 2014.
Posted on 1/10/18 at 11:20 am to AUjim
Appraiser should include a diagram with measurements. Compare those with the original plans and you will have your answer.
Appraisers do make mistakes.
Appraisers do make mistakes.
Posted on 1/10/18 at 11:26 am to ATLdawg25
I sold my house last March. This happened to me. Tax records showed 2100 sq ft. Appraisal after going under contract showed 1705! We had them re-measure but only got to 1800. Cost me $35k on my house.
99% chance the appraiser is more accurate than the tax records. From what I understand tax records are taken from the initial building plans and things can change when the house is actually built. Also tax records don't take into account how the inside truly is. It's mainly just boxed measurements of rough plans from what I was told.
99% chance the appraiser is more accurate than the tax records. From what I understand tax records are taken from the initial building plans and things can change when the house is actually built. Also tax records don't take into account how the inside truly is. It's mainly just boxed measurements of rough plans from what I was told.
Posted on 1/10/18 at 11:27 am to AUjim
Some appraisers show the square footage of the "living area" and not necessarily everything under roof. Any garage, covered porch, deck, even a basement, etc will be a different line item.
Posted on 1/10/18 at 11:32 am to AUjim
If a multi-story house make sure the appraiser measured every floor. I had a situation where the appraiser tried to refuse to measure my 2nd floor even though there was a 6' overlap.
Also, this particular appraiser would exclude stairs. He would measure around the stairs to calculate his sqft; then would measure the stairs and subtract it out.
Another thing to look at is it is my understanding that if it is a stan alone building, they are suppose to measure the outside of the house. If there are multi buildings (duplex/condo..) they measure the inside. I do not know if this a fact, but it could be something else to consider.
Also, this particular appraiser would exclude stairs. He would measure around the stairs to calculate his sqft; then would measure the stairs and subtract it out.
Another thing to look at is it is my understanding that if it is a stan alone building, they are suppose to measure the outside of the house. If there are multi buildings (duplex/condo..) they measure the inside. I do not know if this a fact, but it could be something else to consider.
Posted on 1/10/18 at 3:47 pm to Weekend Warrior79
My house's tax record is 4100 ft but our appraisal number is 3600 ft. I guess the high ceiling area is counted twice in tax record.
Posted on 1/10/18 at 3:54 pm to AUjim
Your builder shrunk your footprint to save 5k-10k on materials and labor and knew you wouldn’t find out until he was long gone. People never hire inspectors on new construction since they have builder warranty. It’s when they go to refi/resell they find out.
This post was edited on 1/10/18 at 3:55 pm
Posted on 1/10/18 at 4:10 pm to ItNeverRains
Problem (not actually a problem) solved.
The upstairs area is where the big difference is. I compared the sketches of the appraiser and the county and they were very similar. The error is that the county has that area designated as 1/2 square footage, making the upper something like 293 instead of 586...its a bit curious, my neighbors houses aren't calculated that same way....
The upstairs area is where the big difference is. I compared the sketches of the appraiser and the county and they were very similar. The error is that the county has that area designated as 1/2 square footage, making the upper something like 293 instead of 586...its a bit curious, my neighbors houses aren't calculated that same way....
Posted on 1/10/18 at 4:35 pm to AUjim
quote:
The error is that the county has that area designated as 1/2 square footage, making the upper something like 293 instead of 586...its a bit curious, my neighbors houses aren't calculated that same way..
Don't tell the county that they're 293 sq ft short on the tax records....unless you feel like having them assess a higher value for your property tax
Posted on 1/10/18 at 4:42 pm to ItNeverRains
quote:
People never hire inspectors on new construction since they have builder warranty
For real? Hell, I'm buying a house I'm gutting and still hired one just to check out the stuff. It's $500 for more thorough and checklist of items.
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