Average Price per sq. ft. of House (Atlanta: real estate, condos)

[staywarm2]

I read on Trulia that the average price per square foot in my zip code is $117. I have a walk-out finished basement. Would the square footage for the basement be counted when they figure the average price per square foot?

I posted this on the real estate site, but they said it was a local issue. Any realtors here care to comment? The home is in the North Fulton area.

[cityrover]

no

[ericsonga]

I think that we've been through this before, and I actually contacted a friend of my family's who is a real estate attorney. As long as the basement is finished completely applying to all applicable building codes then yes, you can count it. It does have to have an exit to the outside though. Also, to count a bedroom you have to have a window and a closet. Any unfinished space can not be counted. Hope this helps.

[cityrover]

[LEFT]BASEMENT. A basement shall not be considered as a story if the finished surface of the floor
above the basement is:[/LEFT]
[LEFT]• Less than 6 feet (1829 mm) above grade plane; or[/LEFT]
[LEFT]• Less than 6 feet (1829 mm) above the finished ground level for more than 50 percent of the
building perimeter; and[/LEFT]
[LEFT]• Is less than 12 feet (3658 mm) above finished ground level around the entire building
perimeter.
(Effective January 1, 2002)[/LEFT]
[LEFT]EXTERIOR INSULATION AND FINISH SYSTEMS (EIFS). Exterior Insulation and Finish
Systems are non-load bearing exterior wall cladding systems generally consisting of an
insulation board, an adhesive and/or mechanical attachment of the insulation board to the
substrate, glass fiber reinforcing mesh, a base coat on the face of the insulation board and an
aggregated polymer binder based finish coat.
(Effective January 1, 2002)[/LEFT]
[SIZE=2][LEFT]GA CABO 1 and 2 Family Dwelling Code (International Residential Code) Amendments 2002 [/SIZE][SIZE=2]4[/LEFT][/SIZE]
[SIZE=2][/SIZE][LEFT]Story Above Grade. Any story having its finished floor surface entirely above grade except that
a basement shall be considered as a story above grade when the finished surface of the floor
above the basement is:[/LEFT]
[LEFT]• More than 6 feet (1829 mm) above grade plane;[/LEFT]
[LEFT]• More than 6 feet (1829 mm) above the finished ground level for more than 50 percent of the
total building perimeter; or[/LEFT]
[LEFT]• More than 12 feet (3658 mm) above the finished ground level at any point.[/LEFT]
(Effective January 1, 2002)


So..... you can finish it all you want, and it still doesn't count unless it meets grading requirements. guess how many basements do that. the misinformation is
rampant!

you should ask your "attorney" for a refund

[noah]

Its fun to look at the square feet numbers when selling or buying a house but it isn't a good way of actually pricing a house. Certainly it will add extra value to your house, just a matter of how much.

[IntownHomes247]

It's impossible to get reliable numbers relating to cost per square foot in Atlanta except in condos so don't rely on that at all. The listing services won't allow square footage to be quoted so the only numbers that any place like Trulia can get is from the tax records which are notoriously (and wildly) inaccurate.