American Measurement Standard
- American Measurement Standard
American Measurement Standard is a formal measurement standard for use with single-family dwellings. Size or square footage, is and always has been, one of the most important factors in the home valuation process. Other than location, more weight is placed on this one component than any other item of comparability. Square footage or gross living area provides a comparison; although not always accurate, it does offer an estimate by which to establish a logical value based on comparison with other similar properties. The total finished floor area or the size of a house is one of the most important things a potential buyer needs to know.
The AMS guidelines and illustrations were prepared with the intent of assisting agents, appraisers, and others, with the fundamental knowledge of the measurement, calculation, and the reporting of square footage in residential dwellings, and also to address the overall significance this number provides to the mortgage industry and the home valuation process. This standard of measurement illustrates the methodology and procedures for the measurement, calculation, and reporting of square footage for a single-family dwelling. The purpose of this standard is to describe a particular method of measurement and classification that will allow others to create, reproduce, and communicate similar results when applying this standard and the associated principles. In the calculation of residential square footage, the objective must be to measure accurately, calculate competently, and identify the improvements in a manner that is not misleading and describes and/or facilitates an understanding of the property.
The American Measurement Standard is a voluntary guide and subject to annual review, analysis, and recertification. This standard of measurement and the associated principles, allows for the cooperation among organizations which may have singular goals, objectives, and specific idiosyncratic usability of square footage information. This standard helps to establish common and logical definitions of finished square footage and gross living area. It also provides authoritative procedures for the measurement and calculation of residential square footage, and defines eight specific categories for the reporting of square footage information which will help standardize communications between all users and consumers of residential square footage data.
References
* Thomas, David Hampton (2007)- "Size Matters-Residential Square Footage." ISBN 9780615174013 "Realtor Magazine"® "In Search of A Standard." September 2008. [http://www.realtor.org/rmonews_and_commentary/opinion/0809commentarysquarefootage]
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