tag:blogger.com,1999:blog-11259187.post6036196635337595186..comments2024-03-12T07:41:00.188-05:00Comments on Chip Shots: THE GREAT SQUARE FOOTAGE MANDATEChip Wagnerhttp://www.blogger.com/profile/17693857286021881081noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11259187.post-35271417175854928382011-07-26T12:23:41.357-05:002011-07-26T12:23:41.357-05:00Hey Chip! Great blog post. I'm curious if yo...Hey Chip! Great blog post. I'm curious if you've looked at the most recent standards document put forth by BOMA/ANSI called "Gross Areas of a Building: Standard Methods of Measurement (ANSI/BOMA Z65.3 – 2009)."<br /><br />It seems to me that they define square footage calculations in a way that's a bit simpler, more comprehensive, and more inclusive than the GLA, allowing homeowners to find even more value in their home. It seems that the Exterior Gross Area (EGA) in this newer document is fairly equivalent to the GLA, but includes basement spaces and attic spaces above a certain height. Construction Gross Area (CGA) seems to be the equivalent to the GBA, though I'm less familiar with the GBA definitions.<br /><br />I would love to hear back from you on this one, as your blog post here is easily one of the most comprehensive articles on square footage calculation in our region. Thanks!Greghttps://www.blogger.com/profile/02228622607349823757noreply@blogger.comtag:blogger.com,1999:blog-11259187.post-68142292505513767322010-08-24T12:47:56.347-05:002010-08-24T12:47:56.347-05:00From the IL Department of Professional Regulation ...From the IL Department of Professional Regulation Sept. 2010 newsletter: <br /><br />http://www.idfpr.com/DPR/RE/ILLAppr/IllinoisAppraiserSept2010.pdf<br /><br />3. Measuring<br />Illinois doesn’t require ANSI standards but you need to know how to measure an improvement and be able to translate this to an understandable sketch (if this is required in your SOW). This seems to be a lost art. We have residential appraisers who can’t seem to do a competent job of measuring. We have commercial appraisers who simply refuse to do it. Let’s be clear on both points: For the incompetent amongst<br />you, USPAP requires competency. It’s not a suggestion or a guideline. It’s required.<br />For those who insist that their clients didn’t require a sketch or perhaps the survey or site plan or the local assessor was good enough...fine. Just don’t be wrong.<br />If the assessor states that a big box retail building is 120,000 square feet...and you base your value on this info...and we find out that it’s really 100,000 square feet...then you can explain that miss in a settlement conference. You and you alone are responsible for the contents of your report.<br /><br />Solution: Taking physical measurements is one of the very few facts that can be uncovered by an appraiser. Square footage lawsuits continue against real estate agents and appraisers alike. Don’t “eyeball” it. Don’t guess. Learn how to do it right.Chip Wagnerhttps://www.blogger.com/profile/17693857286021881081noreply@blogger.com