Mztk1
Senior Member
- Joined
- Dec 3, 2006
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Drywall is an expense. Curtains are personal property. The fact is the concrete block walls make the finish inferior. If there is no reaction that is okay, give the finished room the same SF adjustment as you would regular living area, but I do believe there is a difference and you just stated you believe so too, calling it semi-finished. It should be looked at different in the grid, IMO.
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I owned a house years ago that had a fireplace in the center of one wall. I guess, as a decorator touch, that entire wall from floor to ceiling, was covered with adobe style concrete blocks, the same material that faced the fireplace. Using YOUR reasoning, Jim, THAT room would not be living area.
I think another factor that has not been mentioned is the exterior. I presume it is also on a slab, but how about the exterior siding and the roof? If they are the same as the main structure, I would include it. If not, it would be questionable.
Not quite true, Mike. I have a post in the thread a few back that addresses certain situations I have seen where concrete block walls are acceptable. I know the houses the OP considers, I live in the area. The concrete block walls on the inside are the exterior concrete block and it is not typical of the housing type as originally constructed. There is usually only one heat register, the heat pump system is usually not upgraded for the size of the house with the "addition", the electric outlets are typically insufficient, very often you have an exterior hose bib in the room, the rooms are long and do not have partitions found in the rest of house. If you have a house in these markets that has 1500sf straight and then one that has 1,000sf with 500sf in semi-finished porch w/concrete block walls, there is a good chance that the 1500sf house straight is going to have more acceptance and a higher value.
The area simply is not living area. The market might react to it with equal value as living area with the last few sales, but it can change on the dime with the next few sales. It is best to count is separately and adjust it according to the reaction of each. You don't want to have to call it 1200sf today and then 1000sf 6 months from now because the porch is no longer getting an equal return compared to living area. It is best to call it what it is, a semi-finished porch with heat/air.
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