Do split level houses need split level house comps?

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Sasha Dare asked a question: Do split level houses need split level house comps?
Asked By: Sasha Dare
Date created: Sat, Apr 10, 2021 11:05 AM
Date updated: Mon, Jan 24, 2022 2:37 PM

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Those who are looking for an answer to the question «Do split level houses need split level house comps?» often ask the following questions:

🏘 What's a split-level house?

A split-level home is a house featuring multiple floor levels that are staggered. There are ...

🏘 What is the difference between bi level and split level houses?

A true bi level home has 2 ground floors, vertically separated. That is, when one walks in the main entrance, he or she is standing in the lowest level, then must climb a full flight of stairs to reach the top level From the top level, one can then walk straight out to the back yard without having to descend steps (or perhaps a very few steps--too many steps makes the house a colonial) Another name for this style of home is a raised rancher. True bi levels are fairly rare but there is one at this address: 6847 Nashville Rd., Lanham, MD 20706. The distinction between a bi level and a split level house is that the split level has 2, 3, 4 or more levels separated by half flights of steps. Bi levels are often confused with split foyers which have a landing or foyer at the main entrance, from which one must climb half a flight of steps to reach the upper level or descend half a flight to reach the lower level.

🏘 What does split level house mean?

A split-level home (also called a bi-level home or tri-level home) is a style of house in which the floor levels are staggered. There are typically two short sets of stairs, one running upward to a bedroom level, and one going downward toward a basement area.

10 other answers

So, to your point, if an agent is including this partially below grade area in their GLA estimates, then to really reflect the market, they would want very comparable split-level homes. If they use very comparable split-level homes, and treat these areas consistently, this is clearly the best indication of the market.

Split level homes offered a more modern home design that accommodated the growing family's needs. General home activities were focused on the middle level, with the entry, kitchen, living room and dining room. The upper level held bedrooms and either single or adjoining bath areas.

Just want to point out that split level and split entry are two different things. Split entries are just that. It's a two story with only the entry on ground level. You enter and take stairs either up or down. Split level is usually 3 levels with the entry and a living room on ground floor, from there stairs then go two directions.

Fortunately, wholesale remodeling of the exterior of most bi-levels, splits & raised ranch houses is usually only necessary for the sides and rear. Like the examples above, the front of the home is usually at least somewhat pleasing to the eye. But not always.

In our split level home (like most others), we have a wall between our kitchen and living room. It wasn’t the most annoying thing, as it provided a nice coffee nook in the kitchen and a nice entryway point in the living room, but it was small enough that it seemed to just get in the way, and we started to entertain the idea of taking out the ...

Another color popular with homeowners who like white, but don’t want a stark shade on their homes is Natural Clay. This off white is cooler than cream or tan, but still warm enough to have some personality. It pairs well with tan, beige, and brown for those that want to create a monochromatic exterior for their homes. 14. Newport Taupe

If the floor in a room or section of your house is so much as one step below ground level, it can’t be factored into the gross living space. Above grade living space is always worth much more than below grade, except under some extreme or unusual condition. This is why it’s so difficult to measure split-level homes.

Split level homes, with their three staggered floors, began appearing in American suburbs in the 1950s and reached peak popularity in the late ‘60s before slowly falling out of favor.

A standard split-level home can have two or more levels, and is known for having an entrance at ground level and then short sets of stairs leading to other levels. Typically, the bottom level has the garage, playroom or den, the middle level has the kitchen, dining room and living room and the top level has all of the bedrooms and bathrooms.

The Bottom Line. Split-level homes are harder to sell because of a combination of the age of their owners and the age of the actual houses. A large older population trying to sell many split-level homes creates abundant supply, while their dated decor combined with wear and tear lowers demand.

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How are house comps calculated?

Comps are typically determined by comparing the property in question to other properties within a 1-mile radius, which have sold within the last year and have similar attributes (such as the same number of bedrooms, age, subdivision, square footage, etc).

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How long are house comps good for?

When the house was built

It should come as no surprise that new homes fetch a higher price than older ones. It's not that old houses can't be nice, it's just that they're less likely to be in a good of condition as a recently built one. The recommended age range for comps is 5 years.

How to find comps for your house?

There are several additional resources for finding comps: Public property records: If you want to find the sale price of a specific comparable, the county usually keeps those... Zillow: Search on Zillow using the Recently Sold filter. You can also filter by ZIP code, square footage and other home..…

How to get comps on a house?

To find comps for your home, your first step is to get clear on the property. Make a list of all the details about your home, such as where it’s located, its size, the land it sits on, amenities,...

How to pull comps on a house?

Savvy real estate agents regularly run comps (even when not tied to one particular deal) to keep an eye on their local market and gauge overall trends. How to find real estate comps. Sellers have two options for finding comps: hire an agent to guide them through the research and pricing process or find comps on their own.

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