One of the most of import factors to consider when buying or selling a house is square footage because it help determine the market value and therefore the price of a home . presently , there are no legal philosophy regularize the way square footage is measured and amazingly it is n’t as straight as you might think . Therefore , it becomes the duty of the buyer to learn how a home ’s square footage has been quantify and it is the seller ’s responsibility to represent the sizing of the family accurately .
It was n’t until the mid 1990s that a standard for appraise square footage was developed by the American National Standards Institute , also known as ANSI [ generator : Boddy ] . However , the ANSI standard is only a set of suggested guidelines and there are other standards out there as well . These admit the FHA / VA ( Federal Housing Administration / Department of Veteran Affairs ) standard and the Real Estate Commission standard [ informant : Propex ] . While the ANSI standard is the most commonly used , you should always ask how the square footage of a star sign was determined .
To determine the square footage of a house accurately , you ’ll need to have a go at it what should be included and what should n’t . You ’ll also need to get laid whether to appraise from the inside of the mansion or the exterior . Aside from knowing the ins and outs of substantial footage in regard to real estate assessment , it can also avail if you decide to do any place renovation . For good example , if you postulate to get an approximation from contractors to install novel flooring , paint the exterior of your rest home or supplant its siding , the declarer are going to want to know your plate ’s straight footage .
Read on to discover out what satisfying footage means , how it ’s direct , and what is included when determining the square footage of a theater .
