Basement Garages - Full or Partial Basement?

[CANative]

Built-under garage. Different than a built-in garage.

 

[Stone]

Built-under garage. Different than a built-in garage.

In my area it is called "built-in".

 

[Jay Emmar]

Partial basement with built-in garage.

Ditto, +4

 

[CANative]

I think it's only meaningful for purposes of cost estimating. The "built-in" garage has living area both adjacent to and above. The "built-under" (referred to in M&S as basement garages) are used in conjunction with an unfinished basement cost.

 

[LI-Appr]

Partial no double dip. Residentialguy I like your new avatar. Gotta get me one of those.

 

[Stone]

M&S doesn't have much impact on what the local market calls it.

 

[CANative]

Call it whatever your market wants you to call it but cost it out based on whether it's a built in or a built under (basement).

 

[Mr Rex]

Why would you do the Cost Approach on that POS? Do I need to start channeling Santora?

 

[CANative]

I think lenders are getting payola from M&S.

 

[Mr Rex]

Do you have a chart in M&S that details how much depreciation to attribute to functional and external obsolescence, or is it all physical?

Maybe I should have asked WTF would a client require a Cost Approach on a POS like that?Woops, I see you added a payola comment.