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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just know that a below-grade bedroom won't be counted as having any value at all in the appraisal. Below grade bathroom, either.

[/quote]

This is not my experience.  I have a below grade, up to code bedroom and it counted in my appraisal.  Where are you getting this info?  Do you know what you are talking about???[/quote]

1) Uniform Appraisal Dataset. Read more http://birminghamappraisalblog.com/appraisal/hey-why-didnt-the-appraiser-include-my-basement-in-this-appraisal/

2) HUD: http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/4150.2/41502c3HSGH.pdf

BASEMENT BEDROOMS, BASEMENT APARTMENTS 
          As a rule basement space does not count as habitable space. 
     If the bedroom does not have proper light and ventilation, 
     the room can not be included in the gross living area.  The 
     following requirements apply to the valuation of below-grade      rooms: 
  
     o    The windowsill may not be higher than 44 inches from 
          the floor. 
     o    The windowsill must have a net clear opening (width x 
          height) of at least 24 inches by 36 inches. 
     o    The window should be at ground level; however, 
          compensating factors may allow less. 
          In all cases, use reasonable care and judgment.  If these 
     standards are not substantially met, the basement area 
     cannot be counted as habitable space. [/quote]

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