Clients often tell me they have seen discrepancies in the square
footage in two ads for the same house. For example, the county land records
will say a house has 3,000 square feet, but the sales brochure will say the
same house has 3,500 square feet. The difference in measurements can seem
confusing at least and maybe even seem misleading.
While
I sincerely doubt anyone is purposely trying to mislead the public, it's true
that not everyone in the real estate business calculates square footage the
same way. Many builders include all finished "walkable" areas when
totaling the square feet of a house. Prospective homebuyers want to know the
total living area. It’s important to
Builders to show all the square footage they are offering—so the cost
per square foot of the homes are competitive relative to other builder’s
homes.
Realtors
like to see the larger square footage measurements, as this makes the homes
offer seem like more house for the dollar.
Buyers
believe bigger really is better—until they become homeowners and get their tax
bill. Owners find their taxes are
determined by square footage, and that’s when they want to sharpen the pencil
to subtract the extra space out of the computation.
The
square footage for condominium units is typically not questioned. These numbers
are taken from the original approved condominium documents and are generally
accurate. But for attached and detached single-family homes, there are
different ways to calculate square footage.
Most
county (tax) appraisers first measure the exterior of the home to determine the
gross enclosed area. For example, a single story home that measures 25 feet by
100 feet contains 2500 square feet. Since they are measuring the exterior, that
calculation includes everything under the roof that’s inside, hallways,
stairwells, thickness of the walls, closets and garage—and they don’t have to
get inside to come up with that gross number.
There
will be times when an appraiser wants to see the inside of your house, and it’s
worth letting him in—even though some folks refuse, citing a privacy
issue. If you refuse you open the door
to him, you risk him being creative, which can be costly. He may imagine you
have recently tiled the bathrooms, added hardwood to the family room, and
installed a whiz-bang kitchen, meaning your appraisal could well be over the
top in size and value. Then you will have to apply for a corrective adjustment
or abatement and request he come back—which could take a year or more. Meantime
your taxes will be inflated. On the other hand, if you have just done all that
work—and especially without the benefit of a permit—maybe you don’t want him to
come in a find out.
We
have seen buyers who agreed to buy a home after seeing it two or three times,
but then backed out of the deal when they learned the square footage was not
what they expected. Go figure.
If
you subtract out the lanai, garage, porches and ancillary areas from the gross
living area under the roof, you will get “gross square feet under air”. This is
the number that most Realtors will choose to use as the measurement that will
be used in a listing.
You
don’t have a basement, right? But a home on stilts that has a lower level used
as a garage and laundry or storage room, might be considered a basement. On the
other hand, what if you have a two-story house? Usually the 2nd
floor is smaller than the first due to roof lines, or possibly a vaulted
ceiling in the living or family room, so accurate measuring is important and
remeasuring your home and correcting county data could actually save you
property tax money.
Calculating the square footage of a
home is often more of opinion than exact science. If you're interested in
buying a particular house and want to know the size expressed in square feet,
my advice would be to make an appointment to visit the home and bring your tape
measure, pen, paper and calculator.
Dane Hahn is a real estate
professional affiliated with Sarasota Realty Associates in Venice, FL. You can reach him at dane.hahn@gmail.com or at 941-681-0312.
See him on the net at www.danesellsflorida.com
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