Typically split-foyer homes do NOT have 100% above grade. The best appraisals will consider apples to apples and compare split-foyer homes to split foyer homes. I have NEVER completed an appraisal of a split-foyer home to homes that are not split-foyer.
For more information Google Kentucky ANSI and you will better understand how our business works.[/QUO As you can see, the lower level sits on the ground. It does not go under anywhere and does not have any dirt against the sides of the house. So why doesn't the lower level count as living space. It is completely finished including vented with heat and air same as the upper level.
While it may be sitting on grade, it's a split foyer and the lower level functions just like the lower level on a split foyer that sits slightly below grade. I would call the lower level below grade, too. Appraisers need to compare apples to apples. There is like zero value difference between the two. Your lower level is given the same value as it would had he called it above grade. We're dealing with forms that don't deal with nuances like that.My house is 100% above grade. But the appraisal came back saying the lower level was not included as square footage of our home. Can someone explain to me why?
Yep. Stating one is above grade just makes all the adjustments shoot through the roof. A bad plan for the same end. It's not a 2 story...far from it. It's a split...basically a raised ranch where you have to walk up stairs, go into a foyer, and then walk up another stairs to get to the main level.I have seen no difference in having the lower level 100% above grade or partially below grade within same neighborhood..