In real estate, the square footage of a home is important for determining its value. Typically, a garage is not included in the square footage unless it has been turned into a living space that meets building codes.
This text examines what counts as livable space, how attached and detached garages differ in square footage calculations, and how a finished garage can affect home value.
It also looks at appraisal standards and ways to make the most of a garage's space in relation to square footage.
Understanding Square Footage
Square footage in property valuation refers to the total area enclosed and finished within a structure, used for year-round occupancy. This measurement does not include spaces like unconverted garages. It encompasses bedrooms, living rooms, and kitchens, and necessitates finished walls, ceilings, and floors, along with a practical ceiling height. Unfinished areas like basements and attics are typically excluded from square footage.
However, an attached garage can be included in the square footage if it has been converted into living space with suitable flooring, insulation, and walls for year-round living. The influence of the garage on the overall square footage depends on its use and condition.
Inclusion Criteria for Garages
Garages must meet specific criteria to be included in a property's square footage. They need to be finished spaces with flooring, insulated walls, and ceilings that have the required minimum height according to local building codes. A garage must also have the necessary permits to be considered a legal living area.
Only garages that are connected to the main living area and accessible without going outside can be counted in the square footage. While detached garages can be finished, they are not included in the living area but may be counted in the total building area for commercial properties.
Attached Vs Detached Garages
Attached garages may count as part of a home's square footage if they are finished to the same standard as the main living area, including insulation, drywall, flooring, and heating/cooling systems. This can increase the home's value and appeal.
Detached garages, however, are not included in the living area square footage even if finished. They're considered accessory units or part of the overall building area but don't affect appraisal square footage.
Local codes and real estate practices determine if a garage's square footage is included. Homeowners should seek professional advice before converting a garage to ensure it meets regulations and to understand its impact on property value.
Finished Garage Considerations
A finished garage must meet certain standards to be included in a home's total square footage. It should provide the same level of comfort and function as the main living areas of the house, which includes adequate insulation, heating and cooling, and integration with the home's electrical and plumbing systems.
Before converting a garage into living space, homeowners should understand local regulations and obtain the required permits to ensure legal compliance and safety. A properly remodeled garage can increase property value. Appraisers will consider the additional square footage and improvements like storage cabinets or workbenches.
An attached garage must offer more than vehicle storage to be considered in the home's square footage. It should be as usable and welcoming as any other room, and when done correctly, it can significantly enhance a property's market value and attractiveness. However, its inclusion in square footage depends on fulfilling the criteria for a finished, livable space.
Calculating Home Square Footage
To calculate the square footage of a home, measure the interior length and width of each room designated for living, work, or entertainment, and add the areas together. For accuracy in representing the home's size, which affects its value, measurements must be precise.
Use a tape measure to find the length and width of a room and multiply them to obtain the room's square footage. For example, a room measuring 15 feet by 10 feet equals 150 square feet. Perform this calculation for all rooms, including finished garages if they are suitable for living.
Impact on Property Value
Including a finished garage in a property's total square footage can substantially affect its market value. Real estate agents often emphasize the advantages of a garage when selling homes. An attached garage can raise the property value by providing additional functional space. However, a detached garage may not add as much to the home's square footage value, but it still offers practical benefits that appeal to some buyers.
If a garage is converted into a livable space, its square footage can contribute to the home's overall size. This extra space can be used for various purposes, such as an additional bedroom, home office, or recreation area, and is particularly valuable in areas where extra living space is in high demand. Yet, real estate experts warn that converting a garage and losing parking space may not be beneficial in every market.
Appraisals consider the size, functionality, and condition of the garage. A modern, well-kept garage can increase a property's appeal and value. Appraisers also look at regional market trends and the importance of a garage to potential buyers. In areas with severe weather or limited street parking, a garage can greatly impact the home's appeal and value. Therefore, a garage's effect on property value depends on its square footage, functionality, and attractiveness to buyers.
Appraisal Guidelines Explored
Appraisal guidelines require appraisers to exclude garages from the Gross Living Area (GLA) of a property. This exclusion affects the home's measured square footage and its appraised value. Garages are not counted in the GLA because they are not considered living space, which must be heated, cooled, and finished like the rest of the house. Even if a garage is finished and accessible, it typically does not meet these requirements.
The appraisal industry differentiates between types of square footage. Garage space is valued differently from living space because garages are intended for vehicle storage, not for living. When homeowners convert their garage into a living area, it must comply with local building codes and permits, but it still may not be included in the GLA for appraisal purposes.
Maximizing Your Space
Converting your garage can effectively expand your home's usable space. This can be done without changing the official size of your home. You can create a more practical and personalized space that fits your lifestyle needs.
A single garage can become a workshop, home gym, or hobby room. If you have two single garages, you can use one for storage and the other for different activities.
Detached garages offer the chance to create guest houses, private offices, or entertainment rooms. These garages provide a separate space, which can help lessen noise in the main house but may need extra work for utilities and access.
Before converting a garage, consider the pros and cons. It's important to follow local laws and get the right permits. A well-done conversion can improve your living area and potentially raise your home's value, even though the garage is not counted in the square footage.
