Measuring square footage on a property can be beneficial in determining the value, as well as determining repair or renovation costs if you intend to rehab your property.
To calculate the square feet of a house, you want to make sure you have a tape measure to be as accurate as possible. You want to include all livable spaces, but exclude basements, attics, and garages. If you can access or create a floor plan of the property, it sometimes makes the process simpler.
You’ll start by measuring in a rectangular fashion, going from baseboard to baseboard in each room, down the hallways and even up the stairs. Make sure you write all these numbers down, as it can be confusing to try and remember each measurement. Also, keep in mind, some rooms may look the same size to the eye, but after measuring, you realize they are not. Do not assume all measurements are the same because they look the same. Then, once you have the measurements for a particular room, multiply the length times the width. Once you’ve added all the measurements together, you’ll get the overall square footage.
Knowing the square footage can not only help you determine the subject property’s value, but it really helps in determining repair, renovation or even new construction costs since general contractors typically charge per square foot. You’ll also want to review and double check what your city/county has on file for total square feet, bedrooms and bathrooms for the property.
Having a floor plan and knowing the area measurements of the home can help you master your measuring so that your numbers are always accurate.
Big picture takeaway points
Self-reflection questions to think more about the content
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