Basement vs built in garage/basement

[sandpiperapp]

I have always treated it as garage space, and the balance is a partial basement. I consider it a partial basement if the basement is not the full footprint of the house's foundation, whether the balance was slab, crawl space, or garage.

 

[Mr Rex]

Partial basement and built in garage. How does the space function? Partial basement and built in garage. I feel I'm repeating myself...:new_smile-l:

 

[sandpiperapp]

Partial basement and built in garage. How does the space function? Partial basement and built in garage. I feel I'm repeating myself...:new_smile-l:

We may have to start calling you Rex Two Times.....



or maybe Joey Bag of Donuts

 

[Mack McClain]

It doesn't matter how it functions. Its either a crawl space, concrete slab, piers, basement etc. If it only has a basement under part of the home and craw or something else on the other part, then its a partial basement.

Let say the house has a partial basement and the other end is crawl space. In the partial basement area, there is a garage. What would you call that? By some of definitions noted here, you would call that a built-in garage with a crawl space.

This would be a partial basement with a built-in garage.

I doesn't really matter what you call it. It probably is more of a regional thing. What matters is: 1) make sure you don't give the garage double credit...and 2) Be consistent throughout the report. If you calculate the subject a certain way, you need to do the same for the comparables used in the report.

 

[Mr Rex]

So a basement and garage are the same thing if its under the house?

 

[BRCJR]

If finish is above and adjacent to it is a built-in. If no finish adjacent to but finish above it is a drive-under.

What is the value difference is the $64,000 question.

 

[sandpiperapp]

How do you differentiate between a home that has 400 sf of garage space underneath and 600 sf of basement space with a home that has a 1000 sf basement and a 400 sf garage attached?

 

[Mack McClain]

How do you differentiate between a home that has 400 sf of garage space underneath and 600 sf of basement space with a home that has a 1000 sf basement and a 400 sf garage attached?

First house

1000 sq ft basement
Built in Garage

Second house
1000 sq ft basement
400 sf garage att

The attached garage has additional concrete, walls, roof and its more functional compared to parking in the basement and walking up stairs.

In the sales grid, I give the attached garage more credit. In the cost approach, the area for the built in garage is already calculated in the basement calculation. The attached garage has its own calculated area.

 

[Mountain Man]

It doesn't matter what you call it, as long as you aren't counting the square footage twice in your market grid. It is either garage area, OR it is full unfinished basement. You can't have it both ways at the same time.

 

[Mack McClain]

It doesn't matter what you call it, as long as you aren't counting the square footage twice in your market grid. It is either garage area, OR it is full unfinished basement. You can't have it both ways at the same time.