Square Measurements are Changing

 tap here to learn more!



There are a lot of misconceptions about what is included in the square footage of a home.

And I completely understand why.... 

Many people believe that if they have a finished walkout basement then it should be included in the square footage. 

I mean, after all you may have lots of fun down in that basement and use it every day as part of your "living area".

Many people also believe that their beautiful new addition is included in square footage.... Maybe yes, Maybe no.

And now, beginning April 1st, it's about to get a little bit trickier for anyone who is having their house appraised for lending purposes via typical lending standards.

Side Note: Yes, Fannie Mae chose April Fool's Day to implement this mandatory measuring standard.... lol
Somebody somewhere is having a good laugh right now.

So, what does this change mean for the typical homeowner or realtor? 

Basically, this means that the square footage of your home is what it is according to ANSI® measuring standards. (there are very few exceptions)

Also.....

If you are relying on the tax assessor then you are out of luck because they do not use ANSI® standards for measuring square footage of homes.

And...

If you haven't taken an ANSI® course then you will most likely not know how to measure a house for lending purposes.

Which then will result in advertising an incorrect square footage of living area if you are in the buying/selling world.

Not Good.

Realtors and Homeowners in our market area need not worry though.... 

Our office is on top of this and happy to share info with you.

Tap Here to learn more about the basics of ANSI® Measurement Standards.

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