Exhibits for Appraisals

The exhibits in the following table must accompany the appraisal report. It should be noted that, in addition to these requirements, the appraiser is expected to provide any additional attachments or addenda to the appraisal report necessary to provide an adequately supported opinion of market value.

Exhibit	Requirements
Building footprint sketch or floor plan and calculations	A footprint sketch or floor plan must be software-generated (not hand drawn) and indicate dimensions and calculations that demonstrate how the gross living area was derived. The sketch must include the subject's exterior footprint with dimensions. All levels of the dwelling unit(s) must be part of the exhibit. In addition, a separate footprint sketch including dimensions must be provided for each additional structure with room labels, when applicable. A floor plan is required for certain appraisal reports. Refer to the "STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS" included in each Fannie Mae appraisal report to determine if a floor plan is required. If the interior layout of the dwelling unit(s) is atypical or functionally obsolete, thus limiting the market appeal for the property in comparison to competitive properties in the neighborhood, Homium also requires a floor plan. The floor plan must include the following: interior walls, doorways, staircases, exterior ingress/egress, labels for each room, and provide the dimensions of all exterior walls. For a unit in an apartment-style condo, the sketch of the unit must indicate interior perimeter unit dimensions rather than exterior building dimensions (dimensions and estimates for gross living area shown in the condo documents are acceptable).
Street map	A map showing the location of the subject property and the compareables that the appraiser used.
Exterior photographs	Clear, descriptive color photographs showing the front, back, and a street scene of the subject property and the front of each comparable. The subject and all comparables must be appropriately identified. Photographs of comparable rentals utilized in the Small Income Residential Appraisal Report (Form 1025) are not required.
Interior photographs	At a minimum, the appraisal report must include photographs of the following: the kitchen; all bathrooms; main living areas of the property (such as living room, family room, dining room, all bedrooms, etc.); basement, including all finished and unfinished rooms; examples of physical deterioration, if present; and examples of recent updates, such as restoration, remodeling, and renovation, if present. Note: Interior photographs on proposed or under construction properties may be taken at the time of the completion inspection and included with Form 1004D.
Appraisal Update and/or Completion Report(Form 1004D)	At a minimum, when completing the Appraisal Update portion of the report, a photograph of the front of the subject property must be included.