What’s the big deal with gross living area? There is a direct correlation between the amount of gross living area in your home and its market value. If everything else is the same, a home with greater square footage (gross living area) will typically be worth more. During an appraisal, the appraiser will take measurements […]
What qualifies as “finished” basement area?
November 15, 2013 By 24 Comments
I was asked a question this week about what qualifies as “finished” basement area in a home. An agent was going to list a home and the basement area had some partitioned sheetrock walls in the basement. The homeowner wanted to count this as finished area, so the agent wanted to get clarification on how […]
Hey, why didn’t the appraiser include my basement in this appraisal?
April 9, 2012 By 47 Comments
I got a phone call out of the blue last week from a person who had recently had their home appraised for a refinance loan. The bank had given him a copy of the home appraisal, and after looking at it wondered why the appraiser had not included his fully finished basement. He wanted to […]
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