Chapter
1
Appraisal & Property Requirements
Page
1-26
A:
Electrical Service:
1.
May
be either circuit breakers or fuses.
2.
Appraisers should examine the electrical box to ensure that there
are no frayed or exposed wires.
3.
Existing 60-amp service is acceptable if it appears that this
is adequate amperage for the appliances present in the property,
or those considered "standard" if the present appliances
appear to be less than found in the "standard" home.
4.
Knob and tube wiring is acceptable if found to be in good
condition and a minimum of 60-amps.
B:
Mechanical Certifications:
Electrical,
plumbing and/or heating certifications may be called for by the
appraiser when he/she cannot determine if one or all of these systems
are working properly. An appraiser should not arbitrarily call for
such certifications as they are still responsible for checking on
the adequacy of these systems at the time of appraisal.
The
certification must be done by a home inspector, an inspector from
the local building department, an FHA compliance inspector, a professional
in the specific field (e.g. electrician, plumber) or any individual
deemed to be qualified by the Direct Endorsement underwriter. (Also
see "Utilities Not On")
C:
Heating:
1.
General: ALL habitable rooms must have a heat source. This does
not mean that each room must contain a heating device but that each
room must receive sufficient heat. (Exception: Homes located in
the Caribbean, Hawaii and the Florida counties of Lee, Charlotte,
Glades, Hendry, Palm Beach, Collier, Broward, Monroe and Miami-Dade
do not require heat if, the lack of, is "typical" for the market
area and does not adversely affect the marketability of the property.
2.
Wood Stoves and Solar Systems: Dwellings with wood burning stoves
or solar systems as a primary heat source must have permanently
installed conventional heating systems that can maintain at least
50 degrees Fahrenheit in all living areas and those containing plumbing
systems. These systems must be installed in accordance with the
manufacturers recommendations.
3.
Floor Heaters: Due to the inherit dangers of a floor heater it is
highly recommended that floor heaters in need of repair be replaced
with another permanent heat source.
4.
Non-Conventional Heating Systems: All non-conventional heating systems,
such as space heaters and others, must comply with local jurisdictional
guidelines. Often these are not acceptable as the primary source
of heat.
5.
Propane tanks must be a safe distance from the dwelling. Leased
tanks are acceptable when not offered for sale. Propane fired furnaces
located in a crawl space area is not acceptable.
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