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.

Best of luck
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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
0 votes
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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