I am an energetic, dependable, "get results" Real Estate Agent in your area and would love to have an opportunity to help you decide what your home might be placed on the market for and ultimately, get it SOLD! There IS a difference in price per square foot for a below grade, finished basement vs. the above grade area of your home. Let me know and I will be glad to work up a current market analysis on your home.
Braswell Realty Inc.
United Country - Johnson Realty
An appraiser would take into account other properties around the area, but yes, any levels that are below grade will be given a lower value than above grade. I can't say for sure what that value would be without knowing the area. I would recommend if you are interested in selling to consult an agent for what your local market is doing and what homes similar to yours in the area are selling at, but if you have any further concerns about find an appraiser to come out and look. Beeing that it is a log cabin that may be a good idea with it being a more unique property. Having the basement finished will make the home usually will make it more appealing to buyers though and that is the ultimate goal is to get an interested buyer. My personal opinion is finding a price after comparing the appraiser's report and the local market trends from an agent and finding a price you are comfortable with from there. If you need help finding an agent, I'm unsure exactly where you are in the mountains, but I have a wonderful network of agents up in scattered places in the mountains area and could easily get someone out there to help you. If I can be of help please let me know.
Yes there usually is. Although I do know in Banner Elk and Boone area it will depend on the grade and the view. For example if you were on Sugar Mountain and the back of the house faced out with a great view that is different then you average home in the suburbs with the same situation. I grew up skiing in Banner Elk and know the area well. But, back to the question usually yes there is a marginal difference. But, a finished basement is of course going to bring more to the appraisal. As long as it is heated square footage.
Hope this helps if you need anything just drop me a line.
Coldwell Banker Triad