How is the Gross Living Area defined?

The Gross Living Area (GLA) is defined as the total area of finished and habitable space that is above grade, which essentially means any living space that is located above ground level and is suitable for living purposes. This definition plays a crucial role in real estate, as it provides a standardized measure used to assess the value of properties.

When evaluating residential properties, GLA does not include basements or garages, as these spaces are typically either below grade or not suitable for living purposes. The focus on finished areas emphasizes that only spaces that are completed, conditioned, and functional for daily living activities are counted. This definition ensures clarity and consistency in real estate assessments, helping both buyers and sellers understand and compare the livable space available in a property.

In contrast, the other definitions fall short for different reasons. For instance, if the definition were limited to only the first level or confined solely to the area within external walls, it would miss important living spaces present at different levels. Similarly, including exterior living spaces, while useful in some contexts, does not align with the official standard for Gross Living Area, which focuses strictly on interior, above-grade spaces. Thus, by considering the total area of finished, habitable space above grade, the correct understanding