 A question about my lease .plz answer.? |
| I rented an apartment 1 month ago.the lease is for 6 month .what are the procedures to leave before this time and can i leave legaly in a way without paying the penalty.... |
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 Options for avoiding Private Mortgage Insurance (PMI)? |
| A couple of very attractive deals in the local housing market have prompted me & my wife to consider bumping up our timetable for buying a home (we've been budgetting for mid/late 2009 while ... |
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 We are buying a house and the seller died!!!!? |
| the woman selling our house died. the estranged husband only speaks korean and has not contacted a lawyer to get this rolling, the son is not able to sign. we were supposed to settle yesterday, we ... |
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 I have until 6:30 tonight to come up with $300 for the rest of my rent? |
| I have a few items I can sale like a brand new NordicTrack and some really nice art work. But were can I go to sale them by tonight??? HELP please!!!... |
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 I broke a six month lease on apartment and am paying however apartment is now rented is this lawful? |
| So, now they are getting my lease breakage fee plus a full rent, this is horrible in my opinion! If this is lawful ? It is at the minimum pitiful in my opinion. What excuses do they have that they ... |
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 How much home can I afford? |
| My husband and I make around 115k together right now. What is the approximate price range we should be looking for? We have about 60k to use as a down payment and closing cost.... |
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 Can I sell my home under market value knowing a second lienholder will not get paid? |
| My income is protected, so I only actually want to sell my home with enough money to cover my first lienholder's claim since my Son's name is on it. After that I dont care about the ... |
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 Will a flag lot (the lot is shaped like a flag) hurt the resale value of my home? |
| the lot is shaped as a flag; it has a long driveway and then at the end of the driveway there is a larger lot where my house is. the driveway is shared with our neighbor. will there be a discount ... |
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 On forclosure can they forclosure your home only behind 2 payments.? |
| They call me every other day when the 2nd payment is not paid, when it get close to the end of the month they write letters of forclosure saying my house is preforclosed . They know we get paid at ... |
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 Applied for an home equity loan and got denied?? |
| They said our debt to income was to high. WE wanted to do some repair on our house but also pay off our credit cards and close the accounts and our motorcycle loan Why wouldnt they give it to me when ... |
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 Why pay $400,000 for ugly California house? |
When you can buy $400,000 brand new big house with 7 bedrooms and 3 baths in Mississippi?
Why people wanna work 2 jobs in California to pay off
the small ugly house there?
Do they ... |
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 Are there any good realty sites out there that offer houses under $10,000? |
| Looking for a fixer-upper, but I do not know where to start. Thanks!!!!... |
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 Responsible for carpet after 10 years in apartment? |
| I recently moved out of my apartment after being there for 10 years. The apartment is in pretty much the condition you'd expect after 10 years of living in it. Nothing too bad but normal wear ... |
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 What are my rights as a room renter if the owner is selling the house? |
| What processes does he have to go through as I do not have a place to go?... |
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 Can I rent out my ex-council property without having a buy-to-let mortgage? |
| I am about to buy the council property I live in. Does anyone know for certain, or have experience in buying a council property, and then renting it out? Also, so you know whether I would ... |
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 I'd like to buy a house on a semi low budget but have no idea how to start the process. Any tips? |
| I am self employed and make enough money to get by but I am not rich. I would like to buy a house but really don't know where to start or if it's even possible on my income. I'm ... |
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 Removing someone from my apartment who isn't on lease? |
if i want someone to leave my apartment who isn't on the lease but has lived there for a few months....can i call the police or not?
Additional Details
he's been there for a ... |
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burlingtony | When can a basement or rooms in a basement technically be cosidered " living space " ? |
In other words ..... if a home seller has a tv and furniture in the basement ..... can they list that as a family room ?? |
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menasha_rabinowitz
 |
Some of these answers are almost right and all the answers are somewhat incomplete.
The room is finished if the room has finished walls and a ceiling (usually suspended). The floor can not be bare concrete or dirt. It can be covered directly with carpet or tile but that is not a good way to do that. The real criteria for this room to be part of the legal square footage of the home is that it must be heated by the homes system (ducts) or a separate legal heating system.
In appraising the home, the "finished" basement room (or rooms) is usually assessed at a fraction of the $/square foot of the rest of the home. Depending on how much of the area is below grade level, the assessment can range from 25 to 60% of the $/sf average for the rest of the home. When considering a price for a home you want to make an offer on, take that into consideration because too many listing agents misprice their listings. |
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originalkippyj
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No, not unless the basement is "finished." That means actual walls instead of concrete blocks, actual flooring instead of concrete, etc. Like upstairs. |
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KrisB
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my moms friend did that and they had to put in a ceiling and walls. if you wanted it so you could kinda live down there they had to put in a bathroom and a fridge. |
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midvolguy
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Living space must be above ground to count. |
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solomon
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Technically , When a ceiling is installed in a sub-space, basement,, for tax purposes and listing purposes it becomes considered "FINISHED! Just furniture, or even covered concrete, does not become finished status.. The answer to your question then would be NO, they could not technically list the property as with finished basement.. I have done basements in furniture and bar and left the ceilings 'floor joists' exposed simply to avoid being assessed taxes on the basis of being considered finished.. Hope this helps!! SOLOMON |
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Spock (rhp)
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finished space qualifies IF the work meets the building code in your location [at the time the work was done and IF permits were pulled at the time if they were required and IF the space passed inspection from the building department if inspection was required at the time].
As all too many home sellers discover, if permits and inspection were required but not gotten, then an inspection may be currently required under the present building code -- and if the space fails that inspection, the remedy is to either bring it up to code [at seller's expense], or remove the nonconforming work. [Or sell with the explicit statement to the buyer that the space is legally uninhabitable -- which'll usually kill your price in a real hurry.] |
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myraxellenxamos
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If it is finished and looks decent I would consider it living space. Depending on the style of house I would think they can like a tri level home but a regular two story with a basement I would think that would be listed as a second family room or a rec room. It cant possibly be the actual family room or I would sue the builders. lol |
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Lex
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If it's finished in a practical sense - i.e. drywall or paneling and carpet or tile - it's a finished living space. |
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De
 |
I think that anything with covered walls, electrical outlets or lighting, heating is considered a living space.. |
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Ade G
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Once you arrange furniture in there to make it appear as a living space |
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