A Two Story House With One Story Above Grade Is Not The Same As A Two Story House With Both Stories Above Grade


A Two Story House With One Story Above Grade Is Not The Same As A Two Story House With Both Stories Above Grade
By Scott Rogers • October 4, 2024
In other words... Ranch With Finished Basement â‰ Two Story Colonial With No Basement Certainly, this is sort of a statement of the obvious. The structure of these two houses is different. More specifically... 1000 SF ranch with 1000 SF finished basement â‰ 2000 SF Colonial with no basement A few thoughts and observations related to some differences in these two types of homes... 1. An appraiser will look at these two homes quite differently... when evaluating the size (SF) of a home they are typically starting by looking only at the above grade square footage. 2. Non main level bedrooms are often seen differently by many prospective buyers. A ranch with one bedroom on the main level and three more in the basement will not be seen in the same way that a two story home with one bedroom on the main level and three more on the upper level is viewed. Technically these are sort of the same... one bedroom on the main level and three bedrooms on a different level... but most buyers don't find these two types of homes to be similar enough from a bedroom perspective. 3. Oftentimes the below grade space will be darker and sometimes damper. Having half or more of the foundation walls of a basement in the ground reduces the number of walls that can have windows, and creates some opportunity for moisture in a basement depending on the age and construction materials of the home. When it comes down to specific value... most buyers will pay more for a home with 2000 SF above grade (and no basement) than they will for a home with 1000 SF above grade and 1000 SF finished in the basement. As such, it is typically best to use structurally similar homes in a market analysis, most particularly where it relates to where the finished living space is located. Receive Updates by Email Recent Articles: Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer We Will Likely See Fewer New Listings Over The Next Few Months
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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