Is A Basement Included In Square Footage All Locations : Nationwide Real Estate Advice

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Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Material misrepresentation of square footage
you can ask to get out of it or have them lower the price by the aprice per squar foot the house is worth multiplied by how many miossing square feet there are. Did you match the mlos l ... more
0 votes Share Flag Thu Jul 8, 2010 Home Buying in 03226
Wayne Beals, Real Estate Pro in Oak Park, IL
Wayne Beals answered:
Would someone please explain to me the HUGE markup of properties in Hyde Park and Kenwood by the local and ...
A keen observation.

Perhaps a lot of the reason behind this can be attributed to the fact that many of the properties on the market currently were listed and priced with comparables ... more
0 votes Share Flag Mon Oct 5, 2009 Home Buying in 60637
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
Buying an REO house how much negotiation?
I think that your offer should be based on the market price for similar homes in the area. When I am working with a buyer we conduct a CMA on any home that we make an offer. Th ... more
0 votes Share Flag Sat Jun 6, 2009 Foreclosure in New York
Rameh Khazen, Real Estate Pro in Mobile, AL
Rameh Khazen answered:
What does a real real estate agent offer?
I will try and answer this question for you. For beginners it seems like you might have had a bad experience with a real estate agent and I'm sorry for that. Redfin and Zillow are both ... more
0 votes Share Flag Tue Sep 30, 2008 General Area
Cameron Piper, Real Estate Pro in Vadnais Heights, MN
Cameron Piper answered:
House listed as 4,000 square feet. Purchased and assessed at 3,200. Do I have legal recourse?

Before you seek recourse there are two things to think about. Most agents write something like buyer/buyer's agent to verify all dimensions and most MLS disclose that "informa ... more
0 votes Share Flag Mon Jan 11, 2010 Home Buying in Chestnut Hill
Nancy Milton…, Real Estate Pro in Edwardsville, IL
Nancy Milton Holtzscher answered:
Does a finished basement add any value. If so, how much? I live in O'fallon, IL zip:62269)
Hi, Melanie. Yes, it should add value to the house by increasing the square footage total of your living space. And in O'Fallon you are competing with many homes that have nicely finish ... more
0 votes Share Flag Thu Mar 28, 2013 Remodel & Renovate in 62269
Dan Ross, Real Estate Pro in Southington, CT
Dan Ross answered:
Square Footage: actual finished space vs. PR selling techniques
The assessors office uses exterior dimensions to calculate the 'living space', so you will always be a little short when measuring actual, interior space. The most common reason for a ... more
0 votes Share Flag Mon Sep 8, 2008 Home Buying in Fairfield County, CT
Tina Evans, Real Estate Pro in Cookeville, TN
Tina Evans answered:
gross living space for a split level?
Contact the appraiser first and ask him to explain the process he used to determine the pricing structure. Point out to him/her the specific discrepencies/issues you have with his appr ... more
0 votes Share Flag Tue Jun 14, 2016 General Area in 37377
Jason Braddo…,  in 44266
Jason Braddock answered:
is it illegal to post a home that is under 1000 sq ft and count the basement even though it has no walk out? ...
There are clauses that say you might be able to include basement square footage, like if it is 3/4 above the grade of the yard or a walkout basement. Ask a local Realtor to be sure.
0 votes Share Flag Thu Oct 16, 2008 Home Buying in 44129
Jeff Mitchell, Real Estate Pro in Vero Beach, FL
Jeff Mitchell answered:
Hi I live in new york and have had my home sale halted becasue the town is saying that my forth bedroom ...
You should of course listen to your attorney, but I am concerned that the building inspector does not agree with that assessment. Did you call the county or city or go online to learn ... more
0 votes Share Flag Sat Mar 23, 2013 Remodel & Renovate in 12603
James L. Jon…, Real Estate Pro in Brookville, IN
James L. Jones answered:
What are the rules for reporting the living area?
Living space is often a subjective thing from a buyer's or seller's point of view. A little research at the county court house should answer your question quite thoroughly. State and lo ... more
0 votes Share Flag Thu Jun 19, 2008 Home Buying
Melanie Stre…,  in 44256
Melanie Strehle answered:
how to calculate abid on new construction?
Do your homework. Ask a Realtor that is familiar with this builder and maybe not the one who represents them to help you. It's not as hard as you would think...unless it is a very uni ... more
0 votes Share Flag Tue Jun 16, 2009 Home Buying in 44256
joanna lane, Real Estate Pro in Cutchogue, NY
joanna lane answered:
can square footage be listed if it is unfinished?
If you have approved Building permits, it will be for a specific design with square footage indicated on your plans. No reason why you can't use those numbers to indicate the size of th ... more
0 votes Share Flag Wed May 26, 2010 Home Buying in Sandy
Christopher…, Real Estate Pro in Woburn, MA
Christopher Lawton answered:
Would a new 4 season porch addition be included on sq. ft. to sell home in future?
Is it above grade? Some homes have a room like this however at the back of the house on a hill thus its below grade like a basement?
0 votes Share Flag Sun Oct 12, 2008 Home Selling in 01746
Jon Ernest,  in Brookline, MA
Jon Ernest answered:
Square Footage Question
You could hire an architect to do it (they'll send one of their lowbies to do it so don't pay too much), and disclose it as square footage as per architects measurements....
0 votes Share Flag Thu Nov 17, 2011 Home Selling in Boston
Tiffany Aspi…, Other/Just Looking in 30240
Tiffany Aspinwall answered:
When listing the square footage of a home, is the basement included?
It would be included only if finished and heated.
0 votes Share Flag Sat May 10, 2008 General Area
Chris Aldrid…, Real Estate Pro in Portland, OR
Chris Aldridge answered:
Is the price / sq ft data from the heatmaps calculated based on the inflated Realtor estimates of house siz ...
"Realtors like to inflate the square footage...?" Hmmmm... we do? Actually, depending upon which city and county the property is located in, you will usually find that 10-30% of the ... more
0 votes Share Flag Mon Jun 2, 2008 Market Conditions in Portland, OR
Donna Spring…,  in 06525
Donna Springer answered:
Hi Matt,
From my understanding to determine "living space" the area must be above ground level. Which is why raised ranches show up well. However, towns tend to vary on some of issues ... more
0 votes Share Flag Tue May 6, 2008 Home Selling in 06107
Don Dutton, Real Estate Pro in Puyallup, WA
Don Dutton answered:
What is the construction cost per square foot for a single family home (new construction) in Seattle? ...
A remodel will be materials and labor. Impossible to figure on a square foot basis. The best price per foot on new construction I've seen is $80 (not including lot, utilities and permit ... more
0 votes Share Flag Thu Apr 9, 2015 Market Conditions in Madison Park
Ben Edgson,  in Indiana
Ben Edgson answered:
I'm interested in the average price per square feet of homes in Golden. Trulia offers this informati ...
Hi Jennifer,

I'm not sure how Trulia calculates, but normally basement square footage (or floors below grade) isn't included in the average price per square foot calculations. I hav ... more
0 votes Share Flag Wed Jan 26, 2011 Home Buying in Golden
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