Roof And Deferred Mainenance In Appraisal Report

Because these items would require costly maintenance in the near future the appraiser would lower the appraisal value of your home accordingly.

Roof and deferred mainenance in appraisal report.

Minor conditions and deferred maintenance are typically due to normal wear and tear from the aging process and the occupancy of the property. It does not consist of larger items such as the roof heating and cooling system or anything to do with the structure of the home. Appraisal report form 1025 and the individual cooperative interest appraisal report form 2090 are non uad forms fannie mae does require that they be submitted to ucdp prior to loan delivery. If the roof appears to be in poor condition in the appraisal pictures then often lenders will ask for a certification from a roof inspector estimating the remaining life of the roof.

One of the most common deferred maintenance items is roof repairs. These forms currently are not offered in desktop underwriter du as fieldwork options. Now neglecting the condition of permanent home features is considered deferred maintenance. If the appraiser reports the existence of minor conditions or deferred maintenance items that do not affect the safety soundness or structural integrity of the property the appraiser may complete the appraisal as is and these items must be reflected in the appraiser s opinion of value.