Living Area Calculations
Did you know there are more than a dozen common standards used to measure the gross living area of single family residences in Northern IL? IL tax assessors have over a half dozen ways alone. Some of the standards such as those set by FNMA/FHLMC, FHA, ERC allow exceptions or alternate standards, but others do not. Most of the standards are similar but some can result in very different square footage estimates.
If you ever have a situation where you suspect differing measurement standards may be an issue affecting value please give me a call. I have years of study on this topic and a collection of published standards, articles, samples and illustrations. I can provide anything from a quick review and consultation to a detailed written deposition.