Different Between Lot Size And Floor Area

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.

Different between lot size and floor area.

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. 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. The difference between far and fsi is that the first is a ratio while the latter is an index. Floor area ratio is sometimes called floor space ratio fsr floor space index fsi site ratio or plot ratio.

Though the floor area ratio calculates the size of the building relative to the lot the lot coverage takes into account the size of. The difference between the floor area ratio and lot coverage. Adding to this confusion is the practice among some developers to use gross leasable area gla and gfa interchangeably or to use. Take the lot size and multiply it by the floor area ratio.

Difference between gross living area gross building 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. There is a big difference between total living square feet and total square feet. Index numbers are values expressed as a percentage of a single base figure.

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. Far is an effective way to calculate the. Definitions of gfa including which areas are to be counted towards it and which areas aren t vary around the world. Property descriptions on the multiple listing service a tax roll or in an appraiser s evaluation include square footage.

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.