- Interest rates
have come a long way in the last 30 years.
- The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
- Interest rates are at their lowest in years.
- If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act.
All square feet are not created equal. Even Thomas Jefferson would have agreed. There are basements. There are attics. There are garages remodeled into living spaces, and there are oversized storage rooms locked in remote, poorly accessible corners.
But when it comes to calculating a home’s square footage, we are left with a number — a simple number often relied upon to estimate a home’s value, cost to construct and overall livability. So it is worth understanding exactly what those simple digits represent. How are they calculated? What rules are used to figure it accurately, and what are the potential flaws in the venerated number known as the square footage of a home? Here’s how to calculate square feet.