When is the lower level on a single family home allowed to be part of the total square footage on a home listing?

Asked by J. Grasso, Andover, MA Fri Feb 12, 2010

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John Savigna…, Agent, Hopkinton, MA
Fri Feb 12, 2010
Also, when a home is lisred in MLS- say its a 3,000 sqft above ground and 1,000 sqft in full finished basement. total 4,000 sqft. in MLS there is a place to check off if the qouted sqft. includes finished basement or not. As was said on an earlier answer, the value a finished basement adds is not the same as above ground. It depends on the level of finish and if there are full size windows or sliders letting in natural light.

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Scott A. Nel…, , 02155
Fri Feb 12, 2010
1. When it's totally in compliance with all current building codes.
2. When it's properly disclosed as being included if there's a doubt if it's in full compliance.

When in doubt disclose the fact that way everyone understands exactly what the situation is.

Hope that helps,
Web Reference:  http://www.MedfordHouse.com
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Jeremy Mcelw…, Agent, Boston, MA
Fri Feb 12, 2010
It must have proper windows and also have a certain ceiling height in order to be legal square footage and be heated. I just refinished my basement to legal specs. Feel free to call me to discuss further. Jeremy 617-413-6519
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Territory.c…, Agent, MA,
Fri Feb 12, 2010
When the lower level is completely finished (incl insulated, etc). Even when it is finished and included in the Square footage a buyer should only value basement level rooms as half the value compared to the rest of the home.
Web Reference:  http://territoryre.com
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