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In recent home sales, does the SF include basements and all finished areas?

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In recent home sales, does the SF include basements and all finished areas?

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Basements below grade (finished or not) are not traditionally included in square footage values. Finished areas must be contiguous (i.e. no access through unfinished space) and heated/cooled as appropriate for the area. A sun porch without heating/cooling is not included no matter how fancy the finish. All areas should have been finished to code with permits. Some garage conversions are a bit dicey.

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