How Basements Factor into Home Square Footage

When determining a home's square footage, whether a basement is included depends on several factors, including its level of finish, whether it's above or below grade, and local regulations.

A finished basement is typically equipped with drywall, flooring, proper insulation, and often heating and cooling systems, making it a functional living area such as a family room, home office, or extra bedroom. In contrast, an unfinished basement usually has exposed concrete walls, visible utility pipes, and lacks comprehensive finishing, serving primarily as storage or mechanical space.

The distinction between above ground level and below ground level spaces is crucial. Even a fully finished basement may not be included in the total square footage if it's entirely below grade. However, it can still be listed separately as additional living space.

For a basement to be considered livable space, it must have proper exit routes, such as windows or doors that provide safe escape in emergencies. These egress points are essential for safety and often a requirement for the space to be included in the home's official square footage.

Local building codes and Multiple Listing Services (MLS) have specific rules about what constitutes a home's official square footage. Some jurisdictions allow finished basements to be included, while others do not. The NRV and Roanoke area usually include finished basements in total sq ft.

Even if a finished basement isn't counted in the official square footage, it can significantly enhance a property's value and appeal. Finished basements offer additional living space, which can be used for various purposes, increasing the home's functionality and attractiveness to potential buyers.

Source: Redfin