Skip to main content

Any easy way to distinguish above grade square footage?

Since we bought our current home (years before the pandemic), real estate now seems to be a completely different ballgame in so many ways so bear with me if this seems like a dumb question. The website we used back then (realtor.com) showed every home’s above-grade square footage at the time, whereas Zillow sometimes had more added on for the basement, but usually it was the same. It was easy to find the non-basement square footage.

I’m not sure if this was just our state/region. Many homes in my town are older (60s) and didn’t have fully or even partly finished basements anyway. This area is also notorious for seepage and even flooding, and basements were mostly for laundry, storage and such. Well, that seems to have all changed. LOTS of properties nearby have been flipped, with the basements fully finished and a bedroom or two downstairs along with maybe a bathroom.

So on all the websites now the square footage seems to have exploded on homes in our searches, with finished-basement ranch starter homes and split-levels. But I just don’t see my family utilizing the basement as primary living space. One home I thought I might like was advertised as 4300 but in fact it’s only 2700 not including the basement, and the basement isn’t even finished! It ends up being close to the size of our current house, so I’m having a hard time deciphering the listings that are within our range of price and preferences or even what a home is worth around here these days.

Ultimately I want to be able to find a two-story house that’s first and second levels are larger than my current two story home. But it’s super tedious now that so many homes are including massive basements in their square footage. Any easy ideas to filter for this or figure it out? Do some websites show square footage differently? I don’t want to have to keep asking about every single two story I find. Tia!

submitted by /u/april_eleven
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/15w4wal/any_easy_way_to_distinguish_above_grade_square/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...