Buying Condominium Selling

Condo Square Footage Marketed Using Common Area Figures

C.C. from outside of Connecticut writes:

Dear Mister Condo,

Is common area factored into the total square footage of the sale price of a condo?

Mister Condo replies:

C.C., typically, common area would not be factored into the individual square footage of the condo. However, sales prices are simply marketing tools and have no meaningful value as to what is or isn’t part of the condo. Realtors and unit owners selling their condos want them to look as impressive as possible. The deed, on the other hand, details exactly what the square footage of the unit is. If the deed says 900 square feet and the real estate ad says something different like A large deck adds to the lovely interior giving the unit 1200 square feet of living area, the buyer needs to beware before making the purchase. This discrepancy would be uncovered during the closing process when an attorney would likely be reviewing the deed with the buyer. Thanks for the question!

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