Different Between Lot Size And Floor Area

Gross floor area gfa in real estate is the total floor area inside the building envelope including the external walls and excluding the roof.

Different between lot size and floor area.

Floor area ratio far is the measurement of a building s floor area in relation to the size of the lot parcel that the building is located on. Take the lot size and multiply it by the floor area ratio. Far is an effective way to calculate the. Index numbers are values expressed as a percentage of a single base figure.

For example on a 5 000 square foot lot with a 2 0 far you could construct a building with 10 000 square feet of total floor area the. Adding to this confusion is the practice among some developers to use gross leasable area gla and gfa interchangeably or to use. Difference between gross living area gross building area. Thus an far of 1 5 is translated as an fsi of 150.

Definitions of gfa including which areas are to be counted towards it and which areas aren t vary around the world. Though the floor area ratio calculates the size of the building relative to the lot the lot coverage takes into account the size of. Property descriptions on the multiple listing service a tax roll or in an appraiser s evaluation include square footage. While they both refer to the size of a house they are not the same thing if you mix them up you can be in for shock when it comes time to get an estimate or when you move into your new home.

There is a big difference between total living square feet and total square feet. The floor area within the inside perimeter of the exterior walls of the building under consideration exclusive of vent shafts and courts without deduction for corridors stairways closets the. The difference between the floor area ratio and lot coverage. While often used in combination to determine other areas or ratios such as floor area ratio far for example the two have distinct differences and are defined differently by code.

Far is expressed as a decimal number and is derived by dividing the total area of the building by the total area of the parcel building area lot area.