When it comes to real estate, knowing how to calculate house square footage is crucial for homeowners and buyers alike. This measurement plays a vital role in determining a property’s value and making informed decisions about purchasing, renovating, or selling a home. Accurate square footage can impact appraisals, property taxes, and even your home’s marketability. Here, we’ll guide you through the steps of calculating your home’s square footage straightforwardly.
Why Knowing Square Footage Matters
Accurate square footage influences your property’s market value and helps set an appropriate asking price if you’re considering selling. Lenders often require precise measurements to verify a property’s worth during mortgage evaluations. For homeowners, knowing square footage can also assist in obtaining building permits for renovations and disputing any overestimated property tax assessments.
According to Realtor.com, the median price per square foot for homes in the U.S. is $123, but this can vary significantly based on location and property type. With the average home size in the U.S. being around 2,261 square feet as of 2020, understanding how to measure your space accurately is more important than ever.
How to Calculate House Square Footage
Prepare to Measure Your Home
Before starting the measurement process, gather the necessary tools to make the task easier. You’ll need a measuring tape or laser measuring tool, paper, a pencil, and a calculator.
Sketch a Floor Plan
Begin by sketching a rough floor plan of your home. Label each room and include hallways, closets, and any other spaces that are part of the living area. This step helps visualize the entire layout and ensures no areas are overlooked during measurements. Remember, only include areas that are livable and walkable, as these contribute to the overall square footage.
Measure Each Room
To accurately measure each room, follow these simple steps:
- Measure the Length and Width: Start by measuring the length and width of each room in feet. Make sure you measure from wall to wall, including any alcoves or recesses that are part of the room.
- Calculate Square Footage: Multiply the room’s length by its width to calculate the square footage. For example, if a bedroom is 15 feet by 12 feet, the total square footage is 180 square feet (15 x 12 = 180).
- Record Measurements: Note the square footage for each room on your floor plan sketch. Repeat this process for every room, hallway, and other livable areas in your home.
Add Up the Total Square Footage
Once you’ve measured and recorded all the individual areas, add the square footage of each room together to get your home’s total square footage. This figure will represent the gross living area (GLA), which is crucial for appraisals and property evaluations.
Special Considerations and What to Exclude
When calculating your home’s square footage, it’s important to exclude non-livable spaces like garages, unfinished basements, and any areas that don’t meet the criteria for living space. Although finished basements and attics can be included in certain states, they must meet specific regulations regarding ceiling height and egress to qualify as livable spaces.
Common Mistakes to Avoid
One common mistake is assuming that the square footage of the first floor can simply be doubled for a two-story home. This approach can lead to inaccuracies, especially if the first floor includes a two-story foyer or atrium. Always measure each floor individually and account for any spaces that are open below.
Use Architectural Plans If Available
If you live in a community with tract homes or condos, check with your homeowner’s association or builder for architectural plans. These plans often include pre-calculated square footage, providing an accurate starting point for your calculations.
When to Hire a Professional
If you’re uncertain about measuring your home or have a complex floor plan, consider hiring a professional appraiser. Appraisals for single-family homes typically cost around $350, while multi-family homes can range from $600 to $1,500. Professional appraisers are trained to calculate square footage with precision, aiming for a variance of only 1 to 3 percent.
The Impact on Property Value
Understanding your home’s square footage is vital during a property search, especially if you’re planning to buy or sell. Buyers often use square footage to compare properties and determine if a home offers the space they need. For sellers, showcasing accurate square footage in a featured listing can attract potential buyers and improve the home’s appeal.
If you’re considering buying or selling a property in New Jersey, NJLux Real Estate is here to help. Our team of experienced professionals is ready to assist you in finding your dream home or making the most of your current property.
Reach out to us today, and let us guide you through the real estate process with confidence and ease.
