Basement vs built in garage/basement

[residentialguy]

A full basement means it is a full basement. It it separate from a garage. A garage is it's own entity. A garage isn't a basement, just as a basement isn't a garage just as it is not GLA if it is attached to the main level. If full basement can mean any size/portion, it no longer has meaning. A 1000 sf ranch with a full basement should have 1000 sf worth of dwelling area in it that can be finished. A full basement ranch should be apples to apples comparison to another full basement ranch. If you include the garage, then it no longer is apples to apples. Foundation is still the same, but the basement is not and you would be misleading to say that it is a full basement.

 

[Mack McClain]

Almost 100 percent of potential buyers looking at houses with a full basement, in this area, would consider a house like we are discussing...with a builtin garage...a house with a full basement. So calling it that is not misleading.

A basement is separate from an attached garage, but its not separate from a built-in garage.

 

[Mack McClain]

This is a full basement. See the garage? It's still a full basement. Full basement with built-in garage. Not a partial basement. Full. Garage. Both. What if I put a pool table in the basement. Partial basement now? No, still full basement.

In my opinion, it goes better with the English language chosen on the Fannie form to describe a garage under the home, to consider a built in garage part of the basement area. Basement area normally refers to area under the house.

The related garage check box is labeled Built In.

Now, I ask you, built in to what? Built in to the main floor or built in to the basement?

From a practical point of view, try and use it the way the users of MLS use it in order to make apples-apples comparisons.

Sorry, but MY Marshall-Swift Book (page Avg-29) indicates "Basement Garages: Add lump sum to unfinished basement costs. Single $1,750 Double $2,450. That's because the cost of the area is included in the basement cost, mainly because it's part of the basement and not a separate structure.

This is basically the cost for an overhead door, which is the only difference in cost in this part of the world. Unless your car is over 7 feet high, there would be no need for a lower floor. Pesky grading and access would be site development costs here, not basement costs. That's where the backhoe guy's money comes in. Carpenters rarely use backhoes here to construct the house.
Does your cost source indicate an different cost?

These are the reasons why.

Look at the picture below and tell me the difference between this and a house with just a full basement, without a built-in garage.

 

[JSmith43]

Current building code utilized in most communities would require fire stop on walls and/or ceiling & doors between the area used as a garage & living areas.

I'm not heck bent on any particular interpretation. Fannie Mae has the Built-in garage check item. They should probably clarify what they want as a default beyond what is common usage in a particular area or there is no hope in getting most appraisers and agents, for that matter, on the same page.

 

[JSmith43]

Another thing about attached garages & especially, about built-in garages:

There are more & more cars with so called smart keys. Some of them are hybrid. If someone left the smart key in the car & some electric device on, could the system "accidentally" start the internal combustion engine under certain conditions?

I have the same concern about malfunctioning remote start installs in vehicles in attached or built in garages especially, the after market remote start installations, which I have heard reports of such a malfunction.

 

[Mike Kennedy]

These are the reasons why.

Look at the picture below and tell me the difference between this and a house with just a full basement, without a built-in garage.

...........and now we return to yesteryear 88 posts earlier

Post 8

"In my markets the answers are Yes and Yes. The segregating wall is the determining factor. Prior to 1980 it was common for ranches, raised ranches, split level ranches, capes and small colonials to have been built over full basements with only an exterior garage door providing car storage in the unfinished basement. They typically have no interior segregation."

 

[sputnam]

So...if you remove the garage door and brick up the opening, it turns into basement? Thoroughly absurd. Using the prior example....it was a 1,000 sq. ft. basement before you bricked it and it's a 1,000 sq. ft. basement after you bricked it.

From Real Estate Appraisal Terminology: Basement - The lowest story of a building, partially or wholly below ground level.

 

[DTB]

............

 

[DTB]

I can guarantee, in my market, that nobody considers these 2 house to both have full basements, nor have the same appeal nor utility.

 

[Mack McClain]

I can guarantee, in my market, that nobody considers these 2 house to both have full basements, nor have the same appeal nor utility.

In my market either...

Those two homes have different appeal. Thats not what we are talking about. I can find pictures of homes that are the same in design and appeal...one has a built-in garage but the other one doesnt.