You've been given solid answers already so I'll just confirm what has already been said.
Basement space is usually not counted in the square footage. There are special circumstances but usually this is accurate.
Realtor Re/Max Elite
7520 39th Ave
Well, you have had qualified Realtors answer your question and in the Kenosha area and in Northern Illinois we typically total the Square Footage as all that is "above" ground level. There are some exceptions as to most rules such as bi-level, tri-level and quad level homes as well as homes that have a walk-out basement.
It is always best to consult with your area Assessor's office. For many municipalities, this information is public knowlege and can be obtained by the internet. Realtors rely on the assessment Information for verifying square footage of a home and additional information for our jobs as well.
I know that some even subtract square footage on upper floors, like cape cods, because of the slanted ceilings. I got this straight from an assessor. So it is best to contact them if you are listing your home.
Thank you for asking the question about SF for basement space. As already indicated by the previous agents ... typically the total livable Square Footage is everything "above" ground level. There are some exceptions to this rule ... basically bi-level, tri-level and quad level homes as well as homes that have a walk-out basement -- also known as English Basement.
If in doubt, it is best to consult with your area Assessor's office. They are a great resource for these types of questions. And as Realtors, we rely on the Assessment Information for verifying square footage of a home. Whether you are buying or selling ... it is good to note that the "value" of a basement is heavily based on two things ... the Appraisal and the needs of the Buyer. If they are looking for a home with a basement just so they can "store some stuff" the value in the eyes of the Buyer is not as valuable as the Buyer who is looking for some useable and livable space for a large or growing family.
Hope this helps. If you need anything else, please do not hesitate to call or e-mail me. Thanks.
Diana Dahlberg - 1 MONTH REALTY - Kenosha, WI (262) 657-1171 or Buy.Sell@1Month.com
No, usually not but if there is an access out of the basement and if the windows are a certain height then often times you can count the square footage if the basement is finished. However if your selling a house and your basement is finished you could include that information in your comments. Even though it's not counted as Sq feet, a potential seller will see it as great value. If your buying a home, it's always good to think about the potential resale of the home your going to buy. Basements are a huge plus in this market.
You are correct - the basement space is not counted in, unless it's one of those homes where you can come out from the basement and be at the ground level (usually, this is in split level homes).
Beachfront Realty, Inc.
That is mostly correct, basement square footage is not included in listing information. There are a couple of examples such as bi-level and multi-level homes where the square footage is included in the listing information, but for the most part, square footage does include, as you say, only for above ground space. I hope this helps and if you would like more details or have any other questions feel free to contact me any time. Andy Callahan with Cove Realty (262) 620-0318 cell or email@example.com.