Finding the square footage on an appraisal report might seem straightforward, but its location can vary slightly depending on the appraiser and the report's format. However, it's almost always prominently displayed because it's a crucial factor in determining property value. This guide will help you locate this important figure and understand its context within the appraisal.
What to Look For: Key Terms and Locations
The square footage, or living area, is usually presented as a key data point, often in the following ways:
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Summary Section: Many appraisal reports begin with a summary section that provides a concise overview of the property's key characteristics. This section often includes the square footage near the top, alongside other significant data points like the property address, assessed value, and appraisal date. Look for terms like "Total Living Area," "Gross Living Area (GLA)," "Square Footage," or "Building Area." These terms are largely interchangeable and all refer to the same measurement: the area of finished, habitable space within the home. Unheated garages, attics, and basements are generally not included.
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Property Description Section: If you don't find the square footage in the summary, check the detailed property description section. This section typically provides a more thorough breakdown of the property's features, including room dimensions and the calculated total square footage.
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Tables and Charts: Some appraisal reports use tables to present key data. You might find the square footage listed in a table alongside other property features like the number of bedrooms and bathrooms.
Understanding the Numbers: What Square Footage Doesn't Include
It's important to note what's not typically included in the appraised square footage:
- Unfinished Basements: Unless specifically finished and heated, basement space isn't usually counted as living area.
- Garages: Attached or detached garages are typically excluded from the GLA.
- Attics: Unfinished attics are not included.
- Porches and Patios: These outdoor spaces are not considered part of the living area.
What if I Can't Find the Square Footage?
If you're having trouble locating the square footage, consider these steps:
- Review the Entire Report Carefully: Sometimes, the information is presented in a less obvious place. Read through the entire report thoroughly.
- Check the Appendices: Some appraisers may include supplementary data or supporting documentation in an appendix.
- Contact the Appraiser: If you are still unable to find the information, the best course of action is to contact the appraiser directly. They can clarify any questions you have about the report, including the location of the square footage.
H3: Is the appraised square footage always accurate?
While appraisers strive for accuracy, slight discrepancies can occur. Measurement methods may vary, and even small errors in measuring individual rooms can accumulate. If you have significant concerns about the accuracy of the square footage, you may want to conduct your own measurement or consult a professional surveyor.
H3: How is square footage calculated in an appraisal?
Appraisers usually calculate square footage by measuring the exterior dimensions of the building and subtracting areas that aren't included in the living area (like porches, garages, and unfinished basements). They might also refer to building permits and plans if available. The specific methods can vary but ultimately aim to provide a consistent and reliable measure of the property’s livable space.
By following these tips, you should be able to locate the square footage on your appraisal report efficiently. Remember that the exact location might vary, but its importance means it will generally be clearly stated within the report. If you still have questions, don't hesitate to contact the appraiser directly.
