What is a characteristic of Gross Living Area?

Gross Living Area (GLA) is defined as the total area of living space within a residential property. A key characteristic of GLA is that it includes all finished spaces, which are areas that are suitable for year-round use and are livable. This typically consists of areas such as bedrooms, bathrooms, kitchens, and living rooms, as long as they are finished and heated.

This definition is crucial in real estate because GLA is often used to assess property values and marketability. Properties with more finished living space generally have higher values due to their increased usability and appeal to potential buyers.

In this context, excluding unfinished areas or limiting the count to certain floors would not accurately represent the livable space available in a property, making the inclusion of all finished spaces a vital aspect of calculating Gross Living Area.