Taking a Look at Guidelines and Regulations:
First, we will look at what guidelines and regulations have to say about bedrooms.
*FNMA (Fannie Mae) guidelines which apply to most appraisals on residential properties for mortgage lending states:
The Appraiser must not identify a room as a bedroom that cannot accommodate ingress or egress in the event of an emergency, regardless of location above or below grade
( FNMA 4000.1 Guidelines)
There is nothing in FNMA guidelines stating the need for a closet, but that there needs to be ingress or egress in the event of an emergency. The methods of ingress or egress in the event of an emergency is typically in the form of a window but may also be a door.
*International Residential Cod…