Q: Unsure which appraiser is incorrect.
Purchased our house last year and the appraiser included our basement in the GLA because our home is on a slope and county assessor accepts it as GLA for tax purposes as well. While trying to refi this year they are claiming it can't be considered part of the GLA and our appraisal came in considerably lower because the basement now has $85 less value per sqft. Who is correct?
A: It would depend on whether the house was built with the basement being considered part of the GLA. You can check with the city or county building and safety for permits for the basement as part of the GLA. You can also check with the county assessor to see how many square feet is the total GLA of the home.
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