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Updated about 2 years ago on . Most recent reply

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Stephen Homes
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Debate on sqft living space

Stephen Homes
Posted

I have a rental in NJ, and there is debate on what the actual sqft of the living space is. 

Where can I find the exact definitions of the living space area? 

I have a complete walk-in basement with closets, half a bathroom in the basement, and heat, but the rooms and sqft of it is not counted in the tax accessor papers (not even the half a bathroom).

Thank you

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
9,520
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

Let me google that for you…

Basements and your home’s square footage

A finished basement is not typically included in the overall square footage of your home. This is especially true if the basement is completely below grade, meaning the entire basement is under ground-level. Ultimately, what is and is not included in square footage is dependent on your state. Be sure to check with a local assessor to know whether your basement’s square footage can be counted as part of the gross living area

https://advantaclean.com/blog/...


https://gardenstateloans.com/b...

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