You are getting ready to list your home for sale and the real estate agent suggests that you have a
floor plan measurement sketch
done by an appraiser. Some real estate appraisers and agents in Portland, Oregon call floor plans “Room Service.”
Floor plans are a great idea to assist in marketing your property attractively and accurately.
A diagram helps buyers visualize the layout of the house before they visit it.
When an appraiser measures a home in Portland, most often the measurements turn out to be slightly larger than county records
show. However, in this example, the appraiser spends over an hour at your property and produces a beautiful drawing, but the measurements are smaller than those that are recorded by the county or other sources.
What should you do?
Understand that it is better to advertise the correct square footage. Listing the property with overstated measurements could increase liability, cause a frustratingly low appraisal,
result in a failed sale, or lead to increased buyer negotiating leverage.
Put it in perspective.
By how much is the square footage smaller? Many buyers will not even recognize a loss of only 50 or 100 square feet.
Small variations in measurements from one appraiser to the next are common and are usually insignificant, often resulting from rounding.
If you think that the appraiser has made an error, use the floor plan sketch to go around the house and individually check the measurements.
Remember that areas are typically measured from the outside.
In addition, stairs are included in all levels but finished areas less than five feet in ceiling height (common under the roof slope in attics) are not (when using ANSI).
I recommend checking to see if things make sense. For example, if you know that the second floor occupies the same footprint as the main floor, check to see that those measurements are the same on both floors.
Did I leave anything out or do you want to join in the conversation?
Let me know in the comments below.
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