Residential Area Calculation in Apartment Buildings: Understanding the Process and Methods

When it comes to understanding the residential area of apartment buildings, the process can seem complex particularly for those not familiar with the nuances of real estate and construction. It involves a systematic approach to measure and calculate the usable and rentable space within a given building. In this article, we will delve into the methods used to calculate the residential area, touching on the differences across various locations, and the importance of accurate measurements for both residential and commercial buildings.

Understanding the Calculation Methodology

The calculation of the residential area in an apartment building is a detailed process that involves subtracting non-rentable common areas from the total area of the building. Here is a step-by-step guide to understand how this is done:

Total Building Area: The first step is to determine the total area of the building from edge to edge. This measurement includes all the floors, including any loft areas that are not part of the common areas. This initial measurement forms the basis of the entire calculation.

Subtracting Common Areas: From the total area, you will need to subtract all the common areas such as elevators, stairwells, lobbies, hallways, gyms, offices, and trash areas. These areas are typically not included in the rentable or residential area as they do not serve a residential function.

Occupiable Spaces: It is important to note that in some locations, the occupiable roof areas, decks, or pavilions may not always be counted as part of the residential area. This distinction can vary depending on local regulations and legislation.

Alternative Solutions and Technology: To simplify this process, there are now programs available that automate the calculation of residential areas based on building plans. These software solutions make it easier for real estate professionals to ensure accurate measurements across large-scale projects.

Measurement Techniques for Different Locations

The method of measuring the residential area can also vary depending on the local regulations and standards. In some locations, the thickness of the exterior walls is not counted in the building's total area. Instead, the measurement is taken from the inside face of the walls. This ensures that the calculations are consistent and accurate across different buildings.

It is essential to note that the same calculations apply to commercial buildings as well. However, the focus is on calculating the efficiency of the building in terms of how much rentable space there is per square foot. This metric is crucial for assessing the value and potential return on investment for commercial properties.

Calculating Square Footage for Residential Units

The next step in calculating the residential area is to determine the square footage for individual residential units. This can be done either manually or by referring to databases provided by city tax assessors. The total residential area includes the carpet area plus the area of the walls and any enclosed balcony. This calculation ensures that the total living space is accurately represented.

For a more straightforward approach, you can also visit the city's tax assessors' database. These databases often provide detailed plot plans and the square footage of the entire building, making it easier to acquire the necessary information and ensuring that the calculations are done correctly.

Importance of Accurate Calculations

Accurate residential area calculations are crucial for a variety of reasons. For residents, understanding the actual living space they will have is essential for making informed decisions about renting or purchasing a property. For real estate developers and landlords, accurate measurements help in optimizing space and maximizing revenue by understanding the efficiency of the building.

As seen during the COVID-19 pandemic, the prevalence of shared amenity spaces can sometimes detract from tenant satisfaction. Therefore, the focus should be on ensuring a balance between shared spaces and individual living areas to enhance tenant comfort and well-being.

Conclusion

Calculating the residential area in an apartment building is a critical step in the real estate process. By following the correct methodology and utilizing available resources and technology, real estate professionals and developers can ensure that the residential area is accurately measured and calculated. This not only benefits the tenants but also enhances the overall efficiency and value of the property.

Keywords

Apartment building area calculation Residential area calculation Square footage calculation

References:

City's Tax Assessors Database Building plans Software programs for residential area calculation