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| General Discussion Please read our Forum Rules before posting Feel free to talk about anything and everything about money. |
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As for enjoying the weather, it might be nice in Chicago, but here in NJ it was kind of rainy, windy and overcast all day.
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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Bad information. If a basement is finished AND has an exit to outside (walkout) it counts in square footage calculations. If a basement is finished but does NOT have an exit on that level, it violates fire code and cannot be counted in square footage.
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This is correct. I believe you can also have those large dug-out windows. Again, it comes down to code and if someone can "escape."
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I'm thinking fire codes are local regulations, aren't they? I know lots of people with finished basements that don't have exits. They can't all be violating the law. Wouldn't contractors have to do work that met local codes in order to get the needed building permits?
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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Bedrooms need a window which can be used for a fire escape. It was like that in Michigan, NY and Ohio (3 places I lived). Code might not be the same everywhere, but more than likely I would think lawsuits would require that in all 50 states. You say you want the government to stay out, but that same government is paying for the firefighters which will save your a$$ if you do something stupid.
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Is it in the assesor's database?
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LivingAlmostLarge Blog |
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With regards to seatbelt laws and life-preserver laws, it is true that they are trying to legislate against stupidity and that could be left to Darwin Awards. Maybe they could make exceptions for people who sign organ donor cards
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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. Alse a finished lower level without an exit on that level does not violate fire code in my state.
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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. |
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Stupidity costs everyone money. Who in their right mind wouldn't take an obvious and simple safety precaution just to be stubborn? "You can't make me--you're not the boss of me!" Sounds like a lot of toddlers I know. |
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Brokemofo, where we live it's based on finished and it needs a closet to be a bedroom. And there are rules about counting finished basements. Our neighbors have wayyy more space than their assessed 2200 sq ft because of a finished basement. Why it doesn't count i have no idea.
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LivingAlmostLarge Blog |
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When was it last assessed. You are getting accessed value and appraised value confused. Your taxes are based on the assessed value of your home, not the appraised value. If it was finished after it was last assessed then they may not have the current assessment of your home. My house was never assessed for the 4th bedroom in the lower level until this year and yes, my assessment went up.
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We are not on the same page. I fully understand what assessed value and appraised value are. I know the property taxes I pay are on the "assessed" value. My basement was finished by the builder at time of construction using the same materials as upstairs. My only point is that my finaished basement is NOT counted as square footage by a licensed appraiser. |
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I like this kind of measurement, but I learned that it's inaccurate/incorrect. A few weeks ago a read an article in our local newspaper that Charlotte realtors will stop announcing square footage of a house on our MLS. Or it's advertised, it'll have a 'correct' size.
I cannot recall the correct formula, but the main thing is to measure the house from OUTSIDE by measuring each wall and then deduct something for the thickness of those walls... It was confusing a bit and sure enough many Charlottean readers don't like this new 'science'. |
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