How to calculate the square footage of a home

June 1, 2022
How to calculate

While buying a new house, you likely aren’t thinking about how to calculate the square footage. While it may appear to be a minor statistic, it is one of the most essential criteria in determining the value of a home. First of all, square footage is a significant aspect in evaluating the value of your home. Professionals will typically compute the actual square footage of your property before comparing it to other homes in the same region that have a comparable proportion of living area. They’ll make changes based on your home’s age, materials, and finishes, but square footage is the most essential component and the initial step in determining a home’s value and price. Additionally, knowing the price per square foot for your home and similar, neighboring listings can help you compare different houses when house hunting.

The process of calculating the square feet of a house:

Completed areas with a ceiling, walls, and ground, such as living rooms, baths, kitchens, bedrooms, and basements, will normally be included in a home’s square footage. Garages, pool houses, unfinished basements, etc. are examples of areas that are not normally included in a home’s square footage.

Required machineries:

  • Paper and pencil
  • Calculator
  • Measuring tape and/or laser measuring tool

How to measure:

  • Create a sample sketch of the layout of your house. This can help you visualize how you’ll combine your measurements for each room. If you’re measuring oddly shaped rooms with a square footage that requires a little more calculating, which is a very critical stage.
  • Take measurements of length and width of each chamber in feet. You will get the square footage of a room if you multiply the length by the width. For example, a 15-foot-by-30-foot bedroom is 450 square feet (15 x 30 = 450).
  • After you’ve calculated each room, add the result to get your home’s overall square footage.
  • When calculating square footage in a property, take into account all of the rooms that are “finished”. Garages, basements, and outside spaces can be measured for your personal information, do not include them in your square footage calculation.
  • Calculate the size of each wall with a measuring tape and write the measures on your floor plan to calculate the square footage of oddly shaped rooms. Then split your room’s shape into standard shapes such as squares, triangles, or circles. Calculate the total square footage of the room by adding the square footage of each individual shape.
  • If you have stairs, count them in the square footage estimate. Multiply the depth and width of one step by the number of stairwells you have. Because stairs are treated as a part of the floor plan of both the floor from which they descend and the floor to which they descend, some will include the square footage of stairs twice.

Why is measuring the square footage of a home so important?

One of the criteria used to determine the listing price or the fair market value of a home is square footage. If you obtain an appraisal to assess the fair market value of your new home, the appraiser will compare the square footage of your new home to similar-sized homes in the region. To safeguard the lender from offering more money than the property is worth, most mortgage lenders will allow customers to acquire a home evaluation before providing them a loan. If an appraiser determines that a home is worth less than it is listed for—possibly due to a square footage discrepancy—the buyer may be unable to obtain financing unless the selling price is reduced to reflect the assessment value. Analyzing and calculating the square footage of your home might assist in determining whether you are spending too little or too much in property taxes. The square footage of your home has an impact on its property’s value, which in turn affects the amount of property taxes you must pay.

Leave a Reply

Your email address will not be published. Required fields are marked *