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basement

  1. K

    Basement Garage. Worth It Or Not?

    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...
  2. jc723

    Townhouse With Garage V Townhouse With Basement

    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...
  3. T

    Mother-in-law Suite

    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...
  4. C

    Assessor Includes Garage & Basement In Total Building Area, So Does Listing Agent

    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...
  5. lwnexgen

    Half-missing Walls In Basement - Finished Or Unfinished?

    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...
  6. I

    Appraisal 70% Of Contract

    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...
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