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GLA or not

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ucbruin

Elite Member
Joined
Mar 11, 2014
Professional Status
Certified Residential Appraiser
State
Massachusetts
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Is the beige portion GLA or not?
 
Yup. If that little box on the right elevation is a heating vent.
 
sure, why not, assuming has heat is finished etc - BUT if it has no access into main dwelling and just has ext access it is an ADU or other area not part of main dwelling sf living area
 
Not so fast on calling it GLA. Look at the front elevation photo. It appears that a portion of the lower level is below grade(thus making that level a basement per numerous previous threads/opinions) . If interior access to the beige portion is through that level wouldn't it then also be considered basement?
 
If it can be accsessed from inside the main house I would say yes , or depending on what it sbeing used for it may be considered an -Attached ADU ? Does it have it's own kitchenette, bath, heating and cooling etc ? Does grandma live in it , no matter what it looks like it was well constructed and it has value .
 
No. The whole level is considered below grade if any portion is below or partially below grade. It is considered below grade finished area and may have the same contributory value per sf as the above grade, but it ain't GLA
 
I've not yet inspected the property....
But from information found on its 2015 MLS listing sheet and assessor data/sketch....
Foundation for the beige section is slab and interior access is via the basement....
Photos on listing sheet show a kitchen and bathroom....
 
Ahhh. KKthen it's an above-grade ADU maybe.
 
In the area that I service, that is considered living area by buyers, sellers and most brokers. To maintain consistency with market expectations,I consider it living area also and report it as such. I explain in my report, and there are no problems. I try to think about the market first and all of the alphabet entities second. It doesn't really matter as long as you are consistent throughout the report and explain, explain, explain.
 
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