When 1,000 square feet doesn’t count
By Ryan Lundquist
Excerpts: One of the most interesting homes I’ve seen just sold. It was brand new, four stories, and a halfplex. Oh, and on paper it was 3,000 sq ft, but about 1,000 sq ft didn’t count in the square footage. This is definitely a conversation piece, so I’m thankful Realtor Brian McMartin agreed to do a Q&A. I hope this will be valuable and interesting. Any thoughts? This is an example of When 1,000 square feet doesn’t count in an appraisal
This house has 1,000 sq ft that is not permitted as square footage. The “non-conditioned” space looks just like square footage.
Understanding permits really does matter…
Interview with selling agent plus Ryan’s (and appraisers’) comments. Worth reading.
To read more, click here
My comment: I see non-permitted areas in homes a lot in my city, typically converted basements. Fortunately, I can get the permit info easily from the city and the property owner does not “get into trouble” because of my inquiry. I am lucky.
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