liznindy
Senior Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Indiana
Those of you who are familar with these designs.....do you include all living area in the GLA or only the area which is above grade?
I include all living area in the GLA with explanation that some of the living area is below grade. The comparables I select when appraising these designs are also similarly affected and similarly gridded (all living area reported in above grade). The market for these types utilize the area below grade as living area with bedrooms, baths, family rooms etc (windows are above grade).
Some of the tri-level designs ALSO have a basement (in addition to the below grade living area). These basements I report as basement area.
VA wants the below grade listed as 'basement'......I have trouble changing my 'style' for VA...
I include all living area in the GLA with explanation that some of the living area is below grade. The comparables I select when appraising these designs are also similarly affected and similarly gridded (all living area reported in above grade). The market for these types utilize the area below grade as living area with bedrooms, baths, family rooms etc (windows are above grade).
Some of the tri-level designs ALSO have a basement (in addition to the below grade living area). These basements I report as basement area.
VA wants the below grade listed as 'basement'......I have trouble changing my 'style' for VA...