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Updated over 5 years ago,

User Stats

65
Posts
38
Votes
Bin Chen
  • Investor
  • New York, NY
38
Votes |
65
Posts

Cellar vs basement in an appraisal

Bin Chen
  • Investor
  • New York, NY
Posted

How much of a difference does a cellar vs basement make on the appraisal?

For example a house has 2 floors and a basement, each level is 600 sf, the county records will show that the house is 1,800 sf.

A house with 2 floors and a cellar, each level is 600 sf, the county records will show that the house is 1,200 sf. 

Technically the houses are the same size but the cellar just doesn't count towards the square footage. Does this make a huge difference in value when the house is appraised? 

Thank you in advance.