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Trulia Portl…, Home Buyer in Portland, OR

What can be included in the home's stated square footage?

Asked by Trulia Portland, Portland, OR Fri May 24, 2013

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There was a law suit many years ago when agents only listed finished sq ft of house now the MLS service wants us to use total sq ft of space including unfinished space so it can really mess up comps that are finished and unfinished. This is also why so many sellers are finishing the basements and installing egress windows to make the lower areas more livable. Most agents make comments to the effect of potential living space but if you look at a listing and see xxxx Sq ft you are not assured that all of it is finished. Tom Inglesby, broker, RE/MAX
0 votes Thank Flag Link Sun May 26, 2013
Some people may included non-permitted, or non-finished areas in square footage. While these areas may actually be beneficial to a homeowner, it is not acceptable to include them in the stated square footage.

Generally only areas of a home that were built under a city, or county, building permit, and are finished living areas (the walls are not open to the studs, nor are raw unfinished concrete) should be included in a home's "Stated Square Footage." Mentioning these areas in a narrative is perfectly ok, but they should not be considered part of the "stated square footage."
0 votes Thank Flag Link Sun May 26, 2013
Been a question for the 33 years Ive been in biz. Noting that some walls are thicker than others, MY view on square footage would be exterior meqasurement minus amount of wall feet---that is, on a wall 40 feet long by 6 inches wide, you have non living space footage there. Traditionally thats notthe way its done though. What really throws one off is a house with very large useless space as in entry rooms etc. Some designs have small living spaces upstairs that look down in to the lower level/s. By measured exterior walls the house might be 25oo square feet but ACTUAL GLA (Gross Living Area) could be a lot smaller than that. Some Multiple Listing Services have rules regarding it. Its very important for all the rooms to be measured inside.
0 votes Thank Flag Link Fri May 24, 2013
The square footage of any home is determined by measuring the outside walls of the living space around the entire exterior of the home excluding.the garage. Any basement area would hhave to be measured from the interior but does not carry the same value dollar-for-dollar as what is above grade.
0 votes Thank Flag Link Fri May 24, 2013
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