What is considered above grade level?
In real estate, above grade means the portion of a home that is above the ground. The term is usually used to describe a room or square footage. For example, 3 bedrooms above grade means 3 bedrooms that are not in a basement.
What is above grade room count?
The above-grade finished square footage of a house is the sum of finished areas on levels that are entirely above grade. Garages and unfinished areas cannot be included in the calculation of finished square footage.
What is the difference between above grade and below grade?
The different levels of the home are often referred to as “Grade Levels.” For example, in most cases, when you walk into a home through the front door, that ground level floor is known as “on grade.” Every floor located above this ground level on grade is considered to be “above grade.” Leaving the basement level to be …
What are the types of square footage?
4 Square Footage Definitions and What They Mean
- GROSS SQUARE FEET (GSF) Gross Square Feet is the total area of enclosed space measured to the exterior walls of a building.
- NET SQUARE FEET (NSF)
- NET ASSIGNABLE SQUARE FEET (NASF)
- NET CLEANABLE SQUARE FEET (NCSF)
What is Sq Ft AGF?
(See figure 3-2 below) Definition. The sum of all areas on all floors of a building included within the outside faces of its exterior walls, including all vertical penetration areas, for circulation and shaft areas that connect one floor to another. Basis for Measurement.
How high should slab be above grade?
The slab should also be elevated at least eight inches above grade to prevent water accumulating at the foundation (PATH 2006). Since slab foundations place all the living space above grade, subgrade drainage is not always necessary.
What does an appraiser consider a bedroom?
In the real estate world, a space can be considered a bedroom if it has a door that can be closed, a window, and a closet. Fittingly, property assessors will follow the same bedroom definition when determining the number of bedrooms in a given home—that is, it must have a door, a closet, and an egress window.
What is considered below grade square footage?
Below Grade Square Footage should include only areas that are finished in a style similar to the rest of the property and is below grade. If the area is not finished or heated, do NOT include it in either square footage field.
What is considered livable square footage?
When house plan sellers refer to Total Living square feet, they are referring to the “living area” of the home. This can be thought of as the area that will be heated or cooled. The total foot print the home will take up. This area includes garages, porches, patios, and any area under the main roof.
Are balconies included in gross square footage?
There is a gross floor area. There are no exclusions to the sum of the floor areas of the building. The spaces outside the building are not part of the GFA: Balconies.
What is assignable square footage?
2. Assignable Area (Net Assignable Square Feet – NASF) A. Definition: The sum of all areas on all floors of a building assigned to, or available for assignment to, an occupant or specific use.
What is below grade area?
“Below-Grade” is space on any level which has living area, is accessible by interior stairs, and has earth adjacent to any exterior wall on that level. If earth is adjacent to any portion of a wall, the entire level is considered “below-grade.”.
What is the formula to calculate square feet?
When it comes to the formulas used for calculating total square footage, you are simply determining the area of the shape in question, using very geometry math. The most common square feet area formulas are: Square: A = s2 (Side Squared) Rectangle: A = ab (Side A x Side B) Circle: A = πr2 (Pi x Radius Squared)
Does finished basement count towards overall square footage?
As a general rule of thumb, a finished basement typically doesn’t count toward the overall square footage , especially if the basement is completely below grade-a term that means under ground level.
Are finished basements counted in square footage?
While a finished basement is considered living space where your property value is concerned, it’s only in rare instances that this living space is counted towards the square footage. Even if your basement is not an exception to the rule, a finished basement is an asset to your property value.