How To Calculate The Square Footage Of A Home | Bankrate

When you buy a new dwelling, thinking about how to measure its squarely footage credibly international relations and security network ’ thyroxine top of beware. And while it may seem like an inconsequential system of measurement, it ’ mho one of the most crucial factors that determine a property ’ sulfur measure. “ If you mismeasure a property, it ’ s a domino impression. It ’ s going to throw the whole prize off, ” says Marlon Day, senior director of Quest Valuation & Advisors in Atlanta.

Why square footage is important

There are plenty of reasons you might want to know how to calculate the square feet of a house, whether you ’ re looking to sell a property, dispute a high tax appraisal or animate to add more distance. If you ’ re prepare to list your home for sale, determining the place ’ s accurate size is a crucial factor when setting your asking monetary value. “ For a dwelling appraisal, we ’ re going to compare it to comparables or ‘ comps, ’ ” says Day, who looks for homes of alike size in the immediate sphere. An inaccurate square footage measurement could potentially result in an inaccurate appraisal price. Square footage ( frequently abbreviated as SF or SQFT ) besides matters in real estate of the realm deals that involve a mortgage, for like reasons. The lender will want that information to verify what the property is worth. however, knowing your family ’ randomness straight footage can come in handy in other ways as well. For example, if you decide to finish a previously unused region of your family — say, a basement or attic space — you may need to provide the square footage to obtain a build up license. alike, if your county or municipality assesses higher taxes than what you think you should owe, confirming the squarely footage can be a point in your favor toward getting the property taxes reduced .

How to calculate the square feet of a house 

When preparing to measure the straight footage of a home, be it a house, condominium, or townhouse, depart with a few childlike supplies :

  • Paper and pencil
  • Calculator
  • Measuring tape and/or laser measuring tool

If the property is a arrant rectangle, just measure the length and width and multiply those two numbers together. For example, if your one-story house is 60 feet wide by 40 feet farseeing, then your property is 2,400 square feet ( 60 adam 40 = 2,400 ).

however, most properties have more complex deck plans. When this is the case, it ’ mho helpful to follow these simple steps to measure square footage .

  1. Draw a rough sketch of your entire space, labeling all of the rooms you need to measure. Include hallways and vestibules as their own “room.”
  2. Measure the length and width, in feet, of each room. Then, multiply the length by the width to calculate that room’s square footage. For example: If a bedroom is 12 feet by 20 feet, it is 240 square feet (12 x 20 = 240). For each room, write the total square footage in the corresponding space on your sketch.
  3. Once each room is measured, add up all the measurements to determine your home’s total square footage.

note : If you live in a tract home, condominium or townhome community, you may be able to get architectural drawings or headmaster builder plans of your floor plan. These may already have your square footage calculated.

What to leave out 

A beneficial rule of ovolo to ensure you ’ re taking proper measurements is to exclude space you can ’ deoxythymidine monophosphate walk on or be in. These types of spaces do not count as “ crude living area. ” “ person might think, ‘ If I get the measurement of my beginning floor and I have a two-story house, I barely multiply that by two, ’ ” Day says. however, if that first deck includes a two-story anteroom, you can ’ t reckon the non-usable space. Basements and garages, evening if they are finished, don ’ t broadly count toward sum public square footage. Basements are typically excluded because they are built below class, meaning below grate level. If your country does allow basements to be included in the total square footage of a home, though, you ’ ll likely need an entrance and egress, or a safe way to enter and exit the basement to the outside.

Finished attic spaces — with some regulations, including ceiling heights — can count toward the total straight footage of your home. If you are planning to sell your home, work with a very estate agent to craft a listing that accurately reflects your place .

When in doubt, ask the pros 

If calculating the square feet of your finical property feels overwhelming, consider hiring a master appraiser to do it. The average appraisal cost for a single-family home typically runs about $ 350. A condominium appraisal fee is broadly between $ 300 and $ 500, and multi-family home appraisals can run anywhere from $ 600 to $ 1,500. While two different professional appraisers could evaluate the lapp home and come up with slightly different square footage figures, they do all aim for scientific accuracy. “ We ’ ra always shooting for somewhere between 1 to 3 percentage variance, ” Day says .

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