Property Valuation
In Indiana, 'gross living area' (GLA) as used in residential appraisal includes:
AAll above-grade finished and below-grade finished space
BAbove-grade finished living area only✓ Correct
COnly the main floor living area
DAll heated space including garages
Explanation
FNMA guidelines define Gross Living Area (GLA) as above-grade finished living area only. Below-grade (basement) space and attached garages are calculated and described separately and are not included in GLA.
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