- Joined
- Mar 28, 2002
I have a question regarding a split-level home. I am taking a hard look at selling my home, and I am trying to crunch a few numbers before I make my decision. If it looks like I can get what I want for the home using my rough numbers, I will have it appraised and put it on the market. I have spent several days looking up comps to develop a price per square foot. Now I want to apply that to my home, but I have hit a bit of a bump.
I have a 3,600 square foot split-level ranch, two floors - 1,800 up and 1,800 down. If I understand correctly, bottom floor would be considered a basement because a portion of it is below grade.
After I bought the home, I finished the basement. It is now heated, painted, carpeted, has a ceiling, and has its own full kitchen. I have been renting it out for about two years now.
I understand that from the appraisers perspective, this is not inculded in the GLA because it is below grade. But, I was told by an appraiser that it does have value. My question: I have a rough price per square foot in my area. Now, how do I apply this to my home with a finshed baesment?
Thanks for your input!
I have a 3,600 square foot split-level ranch, two floors - 1,800 up and 1,800 down. If I understand correctly, bottom floor would be considered a basement because a portion of it is below grade.
After I bought the home, I finished the basement. It is now heated, painted, carpeted, has a ceiling, and has its own full kitchen. I have been renting it out for about two years now.
I understand that from the appraisers perspective, this is not inculded in the GLA because it is below grade. But, I was told by an appraiser that it does have value. My question: I have a rough price per square foot in my area. Now, how do I apply this to my home with a finshed baesment?
Thanks for your input!