Which Square Footage Figure Should I Use?

Which Square Footage Figure Should I Use?

Home size is one of the key figures used in comparisons.

A decade ago, large homes were the rage. Today, there’s a movement toward tiny houses, and less space.

The figure below shows an interesting trend of larger homes over the 50 year period from 1950 to 2000. However, lately, homes are getting smaller. Perhaps the downturn of 2008 showed us that “less is more?”

Well, whether you’re marketing the sale of a mansion or a tiny house, when it comes to reporting the size of your home in a listing, you have several different measurements to choose from. As you’ll learn in this video, you can use the info from the survey provided by your builder, the valuation appraiser’s map, your property tax records, and possibly your own measurements and owner records.

Which one is right, and which one is best?

Which Square Footage Figure Should I Use?

The official figure is the one in tax records – typically, the county tax record information is right.

Any other figure must be documented by a builder’s floor plan an appraisal or an official floor plan, prepared by a company for a fee.

If your house has been remodeled and you’re planning to sell you may want to confirm that the official record matches your actual house – and update if required.

Most lenders will require an appraisal which will verify the figures you used. So be accurate and keep records to make the most of your sale.

At First Title & Abstract, Inc. we’re aware of trends in housing, and can refer you to the top agents who understand how to market homes of varying sizes.

Also, these agents can show you how to maximize your sales price, and honestly and accurately report the size of your home in listing reports.

There is one Naples and Marco Island title company whom tens of thousands of residents have come to depend upon — and that’s First Title & Abstract, Inc.

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