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How to note sq footage of home

We have a colonial home that's 2,800 Sq feet on the main level and 1,200 Sq ft in the basement. We just finished every sq foot of the basement other than about 50 square foot of storage. Do we note the house has 3950 sq ft of finished space? Thx.
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January 22 2012 - Reston
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Answers (3)

Yes, you definately list it as 3950 SF, but make sure you have all the permits in place and report it to the county. Orherwise your homeowners insurance will not cover that part of the house, also, no buyer who works with a good agent would make an offer.

Thanks,

Realtor Karin
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January 24 2012
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On your Zillow home page, I would list all finished living space that is "conditioned" (insulated/heated). Doing that can also make your Zestimate more accurate.

Appraisals are a little different since they assign different values for above and below ground square footage, but buyers will appreciate seeing all the liveable space. There is more about how appraisers might view that space here.
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January 22 2012
Is the basement finished space also heated space? If so then yes you can call it 3950 sq ft but an appraiser will assign a totally different dollar amount per sq footage for the basement space.
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January 22 2012
 
Related Questions
How to note sq footage of home
Profile picture for Karin Ebner, GRI
Latest answer by Karin Ebner, GRI
January 24 2012 | 3 answers
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