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Appraisers are now mandated to utilize the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) as the measuring standard for determining the gross living area (GLA) and non-GLA areas of subject properties.

Fannie Mae’s adoption of the ANSI standard for measuring the area of a home is creating questions, inconsistencies.

Something as concrete as the square footage of your home doesn’t seem like it could be up for interpretation. It’s math, after all. There should be one correct answer, right?

If you’re hoping to buy a house, the very first dollar figure you’ll want to know is the home’s price, of course.

Be ready to explain to home buyers and sellers why there may be conflicting reports on a home’s livable space