is a finished basement considered living space space to be included in any calculation of total square footage of living space that space must comply with the building code requirements for habitable space A basement may be a finished walk out type and still not meet the requirements for habitable space generally because the ceiling height is less than 7 6 or perhaps because while the space has daylight windows those windows do not meet the is a finished basement considered living space bobvila Forum Basement FoundationLast it is your municipality that determines what is and is not living space If you want to finish your basement and count it as living space you will need to get approval from them
city data forum northern virginia 1583068 finished May 23 2012 The finished basement is usable living space that s the whole point of finishing it I don t understand it either but I recently bought a house and while shopping what others have described is exactly what I came across during my search above level square footage is listed as the square footage of the home and a finished basement is simply extra and not included is a finished basement considered living space This space is not finished I must have insulation drywall and legal egress emergency escape window or door according to local code in order for the basement to be considered Finished and considered in the square footage of the home appraisersforum Forums Other Forums Ask an AppraiserDec 14 2011 A walk out basement with finished rooms would not be included in the above grade room count For units in condo or co op projects the appraiser must use interior perimeter unit dimensions to calculate the gross living area
therealestateappraisalgroup when can you call it a finished The finished space must be contiguous and directly accessible from the balance of the living area Finished space that lack permanent stairs or direct access such as plant shelves are not considered living area Finished spaces only accessed by ladders such as lofts are not considered living area is a finished basement considered living space appraisersforum Forums Other Forums Ask an AppraiserDec 14 2011 A walk out basement with finished rooms would not be included in the above grade room count For units in condo or co op projects the appraiser must use interior perimeter unit dimensions to calculate the gross living area 11 2008 If it is finished and looks decent I would consider it living space Depending on the style of house I would think they can like a tri level home but a regular two story with a basement I would think that would be listed as a second family room or a rec room Status ResolvedAnswers 12
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