1. What is Realtor Square Footage Calculation?

The Realtor Square Footage Calculation is a standard method used in real estate to determine the total livable area of a property. It includes both the main living area and any finished basement space.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Living Area — The square footage of the main living space above ground
• Finished Basement — The square footage of any finished basement area

Explanation: This calculation provides the total usable square footage that can be legally included in real estate listings.

3. Importance of Square Footage Calculation

Details: Accurate square footage is crucial for property valuation, comparative market analysis, and meeting real estate disclosure requirements.

4. Using the Calculator

Tips: Enter living area and finished basement measurements in square feet. Measurements should be taken from interior wall to interior wall.

5. Frequently Asked Questions (FAQ)

Q1: What counts as living area?
A: Living area includes all heated, finished spaces above grade that are suitable for year-round use.

Q2: What qualifies as finished basement?
A: Finished basements must have permanent flooring, finished walls, and a ceiling height of at least 7 feet.

Q3: Should garage space be included?
A: No, garages and other unfinished spaces should not be included in the square footage calculation.

Q4: How does this differ from tax records?
A: Tax records may include non-livable spaces and often use exterior measurements, while realtor calculations use interior measurements of livable space only.

Q5: Are there regional variations?
A: Some local real estate boards may have specific guidelines, but this calculation represents the national standard.