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Reply to "When does basement's sqft get counted? "
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[quote=Anonymous]Appraisers give lower values to basement square footage. We had a rambler with a basement that is more open than our main level but when we refinanced the appraiser gave it half the value of our main level. When we sold it, our agent had a floorplan done that showed the same square footage on both levels. The appraiser valued the lower level about 10% less than our main level. He said Arlington County, at least, uses a representative house and exterior dimensions to show square footage. He gave the basement a higher value because it was nicely finished and had large windows. These are things Arlington did not recognize as valuable but he did and do did the buyers. [/quote]
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