Curious as to how Miami – Dade calculates Adjusted Square Footage? Have you ever wondered why an “Open Permit’ is so important? Team Sabia wants to arm you with as much real estate knowledge as possible, so click on the icons below and inform yourself.
Many homeowners have open permits on their homes, but don’t realize it. First, what is an “open permit”? When you have work performed on your home, such as a new roof or new central air conditioning, the contractor is required to get a permit from the local municipality for purposes of conforming to present building codes. Various inspections are performed by the municipality during the course of the work and the inspector must approve each step along the way until a final inspection and final approval is recorded.
All too often, the contractor does not get the final approval from the building inspector and the “permit remains open”, that is, not closed out and finalized. The most up-to-date Purchase Contract states “Seller warrants that any open permits for the Property have been closed out and final inspections will be obtained before the Closing Date”. So be aware of this and make sure that contractors get final approval for their work. Ultimately, the homeowner is responsible for finalizing “open permits”, but the contractor who performed the work has the obligation to secure the final inspection and approval. Call or email us for additional information on “open permits”, listing or buying a home, or, our “opinion of value” for your home, or just save this for future use.
How is Adjusted Square Footage calculated?
Many homeowners have expressed an interest in knowing how Miami-Dade calculates the Adjusted Square Footage (ASF) for their home as it appears on the tax rolls. It is important to verify square footage because one method in determining the value of your home is the “dollars per adjusted square feet” in comparison to other properties recently sold with a like amount of ASF. Here are the basic adjustments for the calculations which the County uses based upon the approved original building plans for your home.
These adjustments relate to dollars per square foot, i.e., the second story costs about 80% of the cost to build the first story (the first story already incorporates the cost of the foundation); an unfinished garage costs about 50% , 66% to 75 % when finished, and a covered patio or entrance about 33% or 50% . Now you know why a 2 story home with the same adjusted square footage as a 1 story home feels bigger; it is, when measured by an appraiser for “Living Space” calculations. Hope this helps you to better understand adjusted square footage. If not, call us.