Bettina, Renter in Denver, CO

does basement square feet fully finished with full kitchen, bath, rec roo, bedroom count toward sq ft or appraisal value?

Asked by Bettina, Denver, CO Mon Jan 7, 2013

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6
Hi Bettina,
Basement square footage does count toward both the total square feet and the appraised value, but it doesn't carry as much weight as "above grade" square footage. The differences in value for your specific neighborhood can be measured through the process known as a "paired sales analysis". Every neighborhood is different.
1 vote Thank Flag Link Mon Jan 7, 2013
Thanks to everyone who got back to me so quickly
1 vote Thank Flag Link Mon Jan 7, 2013
Hi Bettina,

Good question. Yes, basement square footage counts toward what we call 'total square feet'. It does also count toward appraised value as well. The above square feet is what you see primarily in the MLS listings in Colorado. The basement square feet is calculated differently and listed in a different place on the listing sheet. Most of the homes value is in the above ground square feet. The above ground square feet can be, say $200.00, while the basement square feet can be $40.00 - $50.00 per square foot depending on how elaborately done, and the quality of finishes. If you need more info or details or a Market Analysis on a specific property. let me know. We are here to assist you with all of your real estate needs.


Robert McGuire ASR
Realtor/Consultant
Your Castle Real Estate
Direct - 303-669-1246
http://about.me/robertmcguire33
0 votes Thank Flag Link Sun Jan 13, 2013
No problem Bettina, glad we could help. Good luck with your search!
0 votes Thank Flag Link Tue Jan 8, 2013
Yes it does count towards the appraised value but the value of 'below grade' space is normally much less than above grade space. The degree and quality of finish will count as will the type of basement (daylight, garden, walk out).
0 votes Thank Flag Link Mon Jan 7, 2013
Basements are typically not included in total square footage of a home as basement square footage is not as popular as first or second level square footage. Will it help your appraisal value? Yes; but it does not carry the same weight as if the space was on one of the primary levels. Best of luck!
0 votes Thank Flag Link Mon Jan 7, 2013
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