Quote:
Originally Posted by Brokemofo
Really, then every Realtor I know is clueless. I pay property tax on 1800 square feet even though my lower level is finished. If I list m home tomorrow any Realtor will list my home as being 1800 square feet even though I have 3600 square feet of living space. Also a finished lower level without an exit on that level does not violate fire code in my state.
|
Every town/city has their own way of assessing homes. The amount that your home is accessed for is what you pay taxes on, not the appraised amount. I am a RE agent and finished basements do count as part of the square footage. We usually break it down as a separate number but include it in the total square footage. Depending on where you live they might do it differently.
Bedrooms have to have a way to exit the home (window or door). They also have to be a minimum of 7 x 10 (HUD sets this building code and most states abide by it). They do not have to have a closet to be considered a bedroom.