Since square footage is such an important factor in your home’s value, it’s also a big part of determining your yearly property taxes, which are based on the assessed value of the home and property. Different areas, like kitchens, bathrooms, and basements, have different average costs per square foot to renovate, so familiarizing yourself with these can help you set a realistic budget for making over your own space. Knowing the exact square footage of a space you’re renovating is also helpful when it comes to making cost estimations and setting a budget for the project. If you ever make any major updates to your home - for example, renovating your kitchen or finishing your basement - you’ll likely need to know the exact square footage in order to get building permits. This is also one of the reasons it’s so important to get an accurate measurement of your home’s square footage - if it’s measured incorrectly, that can have a domino effect that throws off your home’s value, sale price, and more. Additionally, being familiar with the price per square foot for your home and similar, nearby listings can give you a point of reference for comparing different properties when shopping for a home. They’ll make adjustments based on factors like your home’s age, materials, and finishes - but square footage is the single most important factor (and the first step) in setting a value or sale price for your home. Generally, when appraising a home, professionals will first calculate the exact square footage, and then compare your home to other homes in the same area with a comparable amount of living space. Home value and price per square footįirst and foremost, square footage is a major factor in determining your home’s value. These are just some of the reasons it’s so important to know and understand square footage. Square footage is a necessary piece of data for determining a number of things about your home and your family’s needs. What’s the big deal about square footage, anyway? Why is it so hard to calculate - and so important to know? A tape measure or laser measuring tool.Something to take notes (either a pen and paper, or a phone or other device with a notepad app).There are a few different ways you can measure your square footage. If you have any more complex spaces and you aren’t particularly skilled in math, we recommend leaving the square footage calculation to an expert (like an appraiser), or consulting your home’s floor plan. The below methods and tips will work well if you have all or mostly rectangular rooms. For different purposes (like sale listings) states regulate what parts of a home should be measured, and what parts shouldn’t. Unfortunately, the answer isn’t as straightforward as you’d think. It seems like a straightforward question: How do you calculate square footage in your home? If your home has any odd-shaped rooms, things get a lot more complicated. Unfortunately, that equation only applies to rooms and homes that are rectangular or square. Length x Width = total area square footage You just multiply the length of a room or house in feet by the width in feet. Calculating square footage is, luckily, pretty simple.
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