basement

I'm curious as to what other appraisers do in markets with basements when it comes to estimating finished basement area. Over time I realized that the only way I can confidently do it and maintain some sort of consistency across the board is to estimate the finished area based on a 95/50/0...

Serious question here. How often do you include above grade GLA into the Below Grade or Basement area? What could possibly be wrong with doing that? Especially if it makes the adjustment percentages look better.

I am not a trainee, just don't know how to change my profile if it still says trainee. I am working on a property in Florida, and basements aren't too common. I ran into a basement entry that looks like it had an unpermitted stairway at some point. I am concerned about the rope "handrail" and...

Not sure if anyone can help me, but it’s worth a shot! I am a mere layperson who joined this site, but I found it during research to help my parents in a condo battle dealing with my father’s childhood home in Lexington, Ky. The home was divided into 4 condos when my grandparents died, and my...

My home was built in 1970. I's a all brick ranch with a walkout basement. The property is fenced in with a double gate that allows for car and truck access to the back through the grass. When built they had a garage in the basement. Due to current code the second owners had to board up the...

I'm valuing a townhouse in a rural area that has an attached garage. The tax office in this area will often show the first level as a basement in the tax assessment information which I convert to living area since it is all above ground. In this townhouse, I've gone 5 miles and have to use a...

I recently accepted an order for 1004 SFR purchase appraisal. The listing stated 2-story with finished basement. Upon inspection, it was determined that the basement was separately metered, there was no interior access between the basement and main floor, and there was a tenant renting the...

Doing an appraisal on a purchase in Southern California. Assessor lists the building area at 6727 sqft - so of course that figure spreads through the MLS and title, etc. Agent listed the house using that figure as the sqft. Here's the issue - the assessor is including a large 1500sqft garage...

In a fit of unconsidered remodeling, I removed half of the ugly fake wood wall panelling in the basement, so it is down to the studs. The carpet is still in. My wife and I looking to refinance - when I bought it my credit score was pretty low so I'm shackled with a high PMI payment. I got a...

I am selling a mountain home and the appraisal came back at 70% of the $860,000 contract price. The house was on the market for 2 weeks when I got the offer at 95% of the list price. I see several things with the appraisal that look odd: 2 of 3 "comps" don't have basements, value of the...