How to calculate area of the house for house insurance purpose.?

December 27th, 2009 | by admin |

I know they dont require the basement area.The area given in real estate listing is very different if you calculate on your own with the mathmatical formula= lenth * breath. If you can also tell me how realestate people calculate area of the house. They just give you the range and no body knows what is the exact area and what it covers.

Well, there’s such a thing as a "Boeck residential square foot estimator".

What you do, is measure the outside of the house, ground floor. If it’s 2 full stories, you double it – that’s the square footage. You’re right, you don’t count the basement – there’s ANOTHER place where you factor in the basement, if it’s finished, if there’s a garage there, whatever.

Your agent can SHOW you exactly how the replacement value was calculated.

REAL ESTATE listings tend to measure the INSIDE of the rooms. They don’t include bathrooms, hallways, foyers, closets, etc, just the inside measure of each room (not the two square feet BETWEEN the two rooms), and add them together. However, that’s USABLE SPACE. Insurance companies don’t REPLACE usable space, they replace WALLS. So you measure the outside of the walls.

  1. 3 Responses to “How to calculate area of the house for house insurance purpose.?”

  2. By mbrcatz17 on Dec 27, 2009 | Reply

    Well, there’s such a thing as a "Boeck residential square foot estimator".

    What you do, is measure the outside of the house, ground floor. If it’s 2 full stories, you double it – that’s the square footage. You’re right, you don’t count the basement – there’s ANOTHER place where you factor in the basement, if it’s finished, if there’s a garage there, whatever.

    Your agent can SHOW you exactly how the replacement value was calculated.

    REAL ESTATE listings tend to measure the INSIDE of the rooms. They don’t include bathrooms, hallways, foyers, closets, etc, just the inside measure of each room (not the two square feet BETWEEN the two rooms), and add them together. However, that’s USABLE SPACE. Insurance companies don’t REPLACE usable space, they replace WALLS. So you measure the outside of the walls.
    References :
    agent, 21+ years

  3. By Wise Guy on Dec 27, 2009 | Reply

    It gos by actual living space so each room is length x width to get the square footage, if you have a 10×10 room it would be 100sf and if you have living space in the basement like a play room or apartment you include that . You can use your building plans also.Real estate people are not always accurate,they go by what is on the original plans or by what someone told them and there could have been extensions possibly illegal added on the home.
    References :

  4. By patriotic butterfli on Dec 27, 2009 | Reply

    First off you can check public records to see what the have.
    However if you want to do it on your own you do simple math.
    Length X Width X # of floors=area
    Do not count basement, anything under ground does not count. If you have an attic that is finished you will need to count that but only maybe half of 1 floor value.
    Here is an example- 50ft x 25ft =1250ft x 2 floors=2500 sq ft
    1250 / 2 =625
    2500 + 625=3125 sq ft
    My grandparents are a Realtor and build houses for a living.
    I hope this helps
    References :

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