Home Buying in Ballantrae>Question Details

Deb Morse, Home Seller in Pgflugerville, TX

Does finished basement square footage "count" in total square footage of listed properties?

Asked by Deb Morse, Pgflugerville, TX Sun Aug 18, 2013

Help the community by answering this question:

Answers

5
Yes...that would be in the ATFLS section: "ADDITIONAL TOTAL FINISHED LIVING SPACE"

The Sq/Ft Tax record will be above grade.
0 votes Thank Flag Link Sun Aug 18, 2013
It can only "count" in the actual liveable square footage if: 1) it is finished in a like-manner to the rest of the house, 2) it is conditioned (heated) and, 3) it has an egress (a large window or another door where you can exit). Otherwise, it's just "extra" but doesn't "officially" count.
0 votes Thank Flag Link Sun Aug 18, 2013
It might be different is each market area; however, in the Columbus, OH market, agents can list the square footage from the court hues record (typically excludes the finished basement) and we also have a space to list the square footage of the total living space. It is very helpful as agents and buyers can evaluate the house both ways.
0 votes Thank Flag Link Sun Aug 18, 2013
Probably the safest way to address this issue would be to treat the "finished basement" as a completely separate entity without changing how the property square footage is noted on the tax records.

Simply note the square footage under HVAC, the total square footage, and square footage of the finished basement on the MLS listing information. Don't play with the numbers, just be clear, open, and accurate with all of the numbers for the various areas.

Good luck,

Bill
0 votes Thank Flag Link Sun Aug 18, 2013
Hi Deb, That depends on your definition of "count". In our Columbus Realtors MLS we have a special delineation for SF that the Auditor is not "counting" for purposes of tax valuation. It is the section that is marked as ATFLS in our MLS Listings (Additional Total Finished Living Space) That additional SF can be a finished basement which can add significant SF and value to a home. I hope that this information helps!


Michaela Grandey - Rolls Realty, licensed since 1996
614-783-5486 Mobile 614-474-8540 UFax
michaela.grandey@rollsrealty.com
michaelagrandey@gmail.com
http://www.michaelagrandey.com
0 votes Thank Flag Link Sun Aug 18, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer