Square Footage Formula:
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Square footage calculation measures the total area of a property by combining interior living space with exterior adjustments like garages or porches. It's a key metric in real estate valuation and property assessment.
The calculator uses the simple formula:
Where:
Explanation: The calculation provides the total square footage by summing all measurable areas of the property.
Details: Accurate square footage is crucial for property valuation, tax assessment, construction planning, and real estate transactions.
Tips: Enter interior area and any exterior adjustments in square feet. Measurements should be precise for accurate results.
Q1: What counts as interior square footage?
A: Interior includes all heated, finished living spaces - bedrooms, bathrooms, kitchens, and living areas.
Q2: What are common exterior adjustments?
A: These include garages, covered porches, patios, and other non-livable but covered spaces.
Q3: How should measurements be taken?
A: Measure wall-to-wall for interior spaces and include only covered areas for exterior adjustments.
Q4: Are basements included in square footage?
A: Only if they're finished and meet local building codes for livable space.
Q5: Why is square footage important in real estate?
A: It directly affects property value, price per square foot metrics, and comparable property analysis.