What is the gross living area to report in the ERC Appraisal report for a house with specified square footages?

In the context of the ERC Appraisal report, the gross living area (GLA) typically refers to the total area of a residential property that is livable. This is usually measured in square feet and includes all finished and habitable spaces within the home but excludes areas like garages or unfinished basements.

The correct answer, in this case, indicates a specific square footage that aligns with the defined criteria for calculating GLA based on standard appraisal practices. If 2,500 sq. feet is utilized in this scenario, it likely corresponds to the sum total of the lived-in portions of the house as defined by the appraisal guidelines, providing a clear metric for comparability with other properties and ensuring consistency in reporting.

Understanding accurately how GLA is calculated is essential for proper appraisal and valuation, as it influences market analysis and informs both buyers and sellers about the property's value in the real estate market.