405.05: Unit/Room List

The Uniform Residential Appraisal Report (Form 1004) and the Individual Condominium Unit Appraisal Report (Form 1073) include a "room list" section to describe the subject property and provide a column for the square footage per level, as well as space for a summary of the above-grade room count(s) and the above-grade gross living area for the finished area.

The Small Residential Income Property Appraisal Report (Form 1025) includes a "unit/room" list section to describe the subject property and requires the appraiser to indicate the square feet per each unit.  The unit/room list section gives the appraiser the flexibility to report the units individually or to report them as a single line entry if they are all equal in size.  The total square footage reported in the unit/room list section of Form 1025 should reflect the net rentable area of the property (and, as such, will not necessarily equal the gross building area).

The Individual Cooperative Interest Appraisal Report (Form 1075) and the Desktop Underwriter Individual Cooperative Interest Appraisal Report (Form 2095) do not include a "room list" section.  Form 1075 provides space for the appraiser to indicate a summary of both the finished area "above grade" and the finished area "below grade" -- breaking it down by total rooms, bedrooms, baths, and square feet of gross living area.  Form 2095 provides space for the appraiser to indicate a summary of the finished area -- breaking it down by total rooms, bedrooms, baths, and square feet of gross living area.

The Desktop Underwriter Quantitative Analysis Appraisal Report (Form 2055), the Desktop Underwriter Qualitative Analysis Appraisal Report (Form 2065) and the Desktop Underwriter Property Inspection Report (Form 2075) do not include a "room list" section.