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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...
I completed an order a few months ago on a home that has a finished walk-out basement which includes a kitchen, bath, bedroom, and a living room type area. The basement is accessible from both inside and outside of the home and it is common in this market place to have finished basements similar...
Over the past few years, a disturbing trend has been occurring here in South Eastern PA. The Assessors have begun included finished basements in the recorded GLA of the houses, without any form of disclosure that the basement has been considered and included in the GLA. Sellers and agents have...