Definition
Definition
An estimate of value that uses the GLA of the home.
What it means
An appraiser estimates what a home is worth, partly by comparing its gross living area with similar homes. That is why the GLA is measured by a fixed method.
Compared with other terms
| Term | What it includes |
|---|---|
| Appraisal | An estimate of value that uses the GLA of the home. |
| Gross living area (GLA) | Finished area above grade, from the outside walls. |
| ANSI Z765 | The US standard for measuring single-family homes. |