Gross Living Area is defined as the square foot of living space above ground. There is a direct correlation between gross living area and home value. During an appraisal inspection, the appraiser will take measurements of each room, take notes on any improvements or updates and repairs and note and make comments in an appraisal report furnished to the lender and client. An appraiser does not count the bedrooms or bathrooms in a finished basement or finished garage but will note that in his report. More than likely, if 5 appraisers viewed a home and took measurements, their report value will be similiar as a range of value. The current standard for measuring gross living area is ANSI Z765. ANSI stands for American National Standards Institute. There are ceiling height and bedroom specific area measurements that qualify it. For instance, rooms have to have a minimum 7 feet, while depending on local city and zoning standards, most bedrooms have to be a minimum of 70 square feet.
I hope this discussion about gross living area has helped you understand what areas are included and what areas are not. For real estate brokers, this is very important to know because they price their listings primarily on the amount of gross living area. It is important that you have the most accurate information about the square footage in a home.