- How is square footage measured?
- Why is square footage important?
- How to calculate the square footage of a house or condo
- How to use the square footage calculator
- How is square footage measured?
- A square foot is a unit of measurement that is used around the world. It is intended to measure any two-dimensional space contained within a set of lines, walls, or boundaries. It can tell you the size of your lot and dimensions of your home. It can also tell you the amount of the unfinished space in the basement. In most cases, measuring square footage is pretty simple.
- You can easily find the square footage for a space or project that is square or rectangular . Find the area by multiplying the length in feet by the width.
- Meanwhile, for any circular areas or designs, you can get the square footage if you multiply 3.1416 by half of the diameter, squared .
- The area of a triangle is easy too. Multiply the base times the height and divide by 2.
- However, measuring the square footage of house can become quite complicated. There are many different methods to calculate the liveable area of a property.
- There are also no universally imposed standards. Some homeowners measure the space up to the exterior of the walls. Other homeowners just calculate the space within the walls of the dwelling. The area between the exterior and interior of the walls can make a big difference in your final figure.
- Why is square footage important?
- Square footage is utilized in many industries for crucial calculations. This includes construction, engineering, and even business for insurance assessments. It’s also universally applied in many aspects of math and science from very common purposes.
- Square footage is an essential measurement of a home’s livable area as it can determine the selling price of the property. Appraisers use it to establish market values for mortgages . Meanwhile, tax assessors can use it to regulate county property taxes . Homeowners and contractors will also use this measurement. They use it to calculate costs for construction tasks , flooring installations , and home improvements .
- Understanding how to calculate square footage correctly can be vital for managing costs and profits. You’ll be able to identify the right number of materials to get the job done properly, and ensure sensible use of your money. Plus, you’ll save time from added trips to your local home improvement store.
- How to calculate the square footage of a house or condo
- Your home’s square footage is an indication of its size. It also advocates its liveability and market value. American National Standards Institute (ANSI) created some guidelines for finding the square footage of a house. This was done to promote consistency in real-estate evaluations, but compliance is voluntary.
- The principle behind calculating square footage is relatively easy. Most houses are shaped like squares or rectangles. Its okay if the sides don’t line up ideally. Odd corners and rooms can be divided up into smaller rectangles and triangles to create individual sections.
- Using a tape measure, you should first gauge the length and width of the exterior walls. Make sure to measure each section carefully. It can be helpful to have a grid or diagram of the house to chart your measurements as you go.
- You should take interior measurements of the home next, to relate the livable spaces. You can figure the area of each room and then add up all the sections of the house. By subtracting your interior readings from your exterior measurements, you can account for wall thickness. Just be sure to provide proper disclosures when you mention your valuation.
- When preparing your measurements, you should only use inhabitable areas to determine the square footage. You should exclude patios, porches, and garages. Balconies, unfinished basements, or any open areas on the second floor should not be counted either. For a room to be considered inhabitable, it should be furnished and have heating and cooling.
- In the case of condos , you can calculate the total living area by measuring each of the interior spaces. Adding 5 inches to your measurements can account for shared walls and exterior enclosures. Then, adding up the area of the rooms, you can figure out your condo’s square footage.
- Make sure always to double check your results and verify your answers using a square footage calculator. Any discrepancies in measurements can have a significant impact on the value of the home.
- Evaluations that come up short can affect different aspects of financing . Often it can lead to lost offers or tarnished reputations. Appraisals that result in higher area valuations can equate to potential profit loss for the seller.
- The best way to calculate the market value of your property is to hire a professional home appraiser. Hiring a professional will prevent any problems later in the process when the buyer seeks financing .
- It is good to make some approximations before the appraiser’s visit though. Find out the sale prices of similar homes that have been sold in the last six months. Some key features to consider are the square footage, the age of the home and the lot size. Also look at the number of bedrooms, amount of bathrooms, location, amenities, and general condition.
- Location is most important. Houses in safe neighborhoods tend to have a higher value than those in less desired areas. A good place to start is looking at recently sold homes in your neighborhood. Find the ones that are similar to yours and calculate the average price per square foot in your area. All you have to do is divide the selling price by the square footage.
- Then, multiply the average price in your area by your home’s square footage. This will give you an approximate value of your house.
- Remember to bookmark the square footage calculator. You can also save it to the home screen of your smartphone or tablet to make calculations on the go. If you found this page useful, you can promote us on social media and help other homeowners learn more about square footage.
- How to use the square footage calculator
- The square footage calculator is very easy to use. It is designed to help you estimate the square footage of a home, space, or project. For an accurate result to be generated the system requires specific measurements. Only round up to the nearest ¼ inch.
- Before beginning your calculations, you should have an outline of your space. It can be broken up into different shapes, as long as you have the measurements of each side ready.
- Step 1 : To use the calculator you must begin by selecting which shape you would like to calculate the square footage. You can choose between rectangle , triangle , trapezoid , or circle . Make your selection by using the tabs at the top of the calculator.
- Step 2 : Include your measurements of the sides and edges in the spaces provided. You can use the arrow keys to make adjustments.
- Step 3 : Click on ‘Calculate’ to generate a result on the top right side of the calculator. You can move between tabs without losing any information. Additional calculations can be made without restarting the calculator. Just edit the data as needed.
- Step 4 : With your answers, you can estimate the selling price of your home. You can also come up with the cost of resources for flooring or painting. The larger your square footage, the more your home will be worth. It also means greater costs towards materials for renovations.
dt>How to determine the market value of your home