Bedroom Count For Appraisals
Posted October 16th, 2017
The number of bedrooms can make or break a sale when prospective buyers are looking for a house. It can also impact the overall value of the house. For example, if a room is not considered a bedroom, and takes the house from three to two bedrooms in a majority three-bedroom neighborhood, there will likely be a drop in expected value. So how do appraisers know what is and isn’t a bedroom when doing a valuation?
A bedroom, as far as appraisal purposes, will vary slightly depending on location-specific regulations but follows a basic guideline. A bedroom must have two methods of exit, usually involving a door and a window. Bedrooms have a minimum height and overall size, however, this is not always true for older homes which can follow different guidelines.
Many people are surprised to find that a built-in closet does not always make a room a bedroom. Especially in the case of older homes, a closet will not be included and so the absence of one doesn’t affect the classification of a bedroom.
Bedrooms can and often have secondary purposes such as laundry rooms. The double-use makes defining a little tricky and can be unsatisfactory to the homeowner. If you have concerns over the number of bedrooms represented in your appraisal report, be sure to speak to the appraiser. Often, the appraiser will leave a note on how they recorded one way or the other as the lender will want to know as well. If not, a quick call should clear the matter.
Questions on the bedroom count of your property? We’d love to speak with you. Give us a call at 941-743-3700.