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.
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
Your Castle Real Estate
Direct - 303-669-1246