Real Estate Definition Of Attic

The space under the roof of a structure but before the top story.

Real estate definition of attic.

May be simply an air space or improved and used. The attic can be completely finished as a habitable place complete with floors insulation beds and furniture like just another bedroom or home office. Definition of attic michael lescher real estate agent re max shocase an attic is an accessible room or space between the roof rafters and ceiling joists of a structure. Understanding the measurements calculations and room counts of your home on the appraisal.

By thomas hardwick. Because there is no definition of attic assumptions have been made by fha and appraisers that the attic includes any space above the ceiling and below the roof inside dwellings despite that space in modern design homes typically not having any flooring. Get the definition of attic fan and understand what attic fan means in real estate. Real estate glossary term attic.

In this sense it is roughly synonymous with attic the major difference being that an attic typically constitutes an entire floor of the building while a loft covers only a few rooms leaving one or more sides open to the lower floor. The mls is a service real estate agents use to publish their active property listings so that consumers and agents can search for sale homes and view them online. Theoretical concepts of value and definitions principles of valuation basic valuation definitions forces influencing value economic trends affecting real estate value site analysis and valuation architectural styles and functional utility the appraisal process and methods methods of appraising properties the sales comparison approach. However hud fha does not have a real definition of attic in their documentation.

At first glance the concept of measuring a home counting the rooms and reporting the results in the appraisal report appears to be fairly simple and straightforward.