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Larry Glines, Other/Just Looking in Chicago, IL

WHAT IS THE PUBLISHED GLA OF A HOME?

Asked by Larry Glines, Chicago, IL Fri Aug 3, 2007

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The gross living area (GLA) of a home may vary according to the source. A town, an agent, and an appraiser for a bank may all view this differently. In particular, basements can be viewed quite differently. The local market will determine if a basement or finished attic will be included. The local market will also determine the perceived value, based on local government regulations on the usage, the existence of permits, and degree and quality of finishing. We belong to several MLSs and in one MLS we cannot count a bedroom if it is in a basement, while in another we can.
1 vote Thank Flag Link Fri Aug 3, 2007
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
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Larry,
Unfortunately, as Deborah confirmed, the GLA of a home can vary. It is a subjective number due to the factors pointed out by my fellow colleagues. When in doubt, call the listing agent to confirm what is or isn't included in the GLA calculation. Do not use this stated figure alone when researching homes to purchase. Your best bet is a local REALTOR who serves the specific area where you are looking. Please consider finding a buyer's agent to assist you in your search. He/she can prove an invaluable source of information and will most likely save you a bit of time and money. Best of luck and happy hunting!
0 votes Thank Flag Link Fri Aug 3, 2007
Hi Larry,

In my market, what is considered true GLA, is anything considered to be habitable space (finished and heated) A basements’ space would not be incorporated into the GLA unless it is above grade and there is an egress. I’m in MA, so air conditioning is not a requirement. “Published GLA” in my area is space that the town has record of, so if there were not building permits pulled for particular areas of a home that have been finished, such as an attic or a basement that is above grade with an egress then the “Published GLA” would not reflect the additional living area.

Melissa Mancini, Realtor, CBR, GRI
Web Reference: http://MelissaBMancini.com
0 votes Thank Flag Link Fri Aug 3, 2007
Typically air conditioned space in my area of the country....does not include garages. Basements normally not included unless they are finished, liveable, and on the HVAC system. This may depend on where you live. In some parts of the country basements may not be included.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Fri Aug 3, 2007
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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