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Floors in the valuation of premises: basements, socles, mansard and attics

Ground floor in a residential building in Kyiv

One of the key factors influencing the cost in the valuation of premises is the number of floors. Depending on the floor on which the property is located, its price changes. At the same time for the apartments location on the first floor – it is more a minus than a plus. And for non-residential premises, the opposite. This location is always an advantage, especially with a separate entrance.

As a rule, the object of real estate located under the first floors are the least valued. For example, the cost of one square meter of basement in the center of Kiev can differ many times from the price of a shopping room located directly above it.

Taking into account that basement rooms are quite common objects, especially when evaluating municipal property of Kyiv for rent, we decided to devote a separate article to the issue of floors.

Overhead and underground floors

Before talking about the floors of the premises, it is logical to determine the main related concept. «The planned ground mark» is the level of the ground on the edge of the window. We will call it «PGM».

Premises above ground. How is the attic different from the mansard?

Attic and mansard

Above-ground calls floor, whose floor grade is above ground level. The lowest of the above-ground is called the first. As already pointed out, the premises of the first floors are usually valued the highest and, accordingly, have the highest cost. There is also the concept of the «main floor» – that is, the one that has easy access from the subfloor area.

It is also common for non-residential premises to be located on the very top floors of buildings. Including on the last floors of apartment buildings. With such objects often there is confusion, because of the difference in the concepts of «mansard» and «attic».

Attic is simply the space between the roof surface on the inside, the outer walls and the interfloor ceiling. Mansard is almost full floor in this space, the facade of which protrudes sloping part of the roof.

Basements premises and socles floors

Basements, socles and underground floors

Now about the so-called basements. There are three types of premises below the first floor, defined in the SBS (state building standards): basement, underground and socles. Let’s explore in more detailed.

When evaluating premises, the most expensive of the three types of accommodation are socles. They are often called «semi-basement», although there is no such formal term. Real estate on the socles floor is such objects, which floor level below the PGM is no more than half the height.

If the floor of the object is below the level of the ground more than half the height – we see typical basement. Often there are premises that are buried in the ground at all its height. In this case, such floors are called no longer basement, but underground.