Living space vs. usable space: What is the difference and why is it important? Financial expert explains

Living space vs. usable space: What is the difference and why is it important? Financial expert explains

According to a report by www.t-online.de, when it comes to real estate it is often about the distinction between living space and usable space. But what is the difference and why is it important? The living area includes all rooms used for living, sleeping or dining purposes, while the usable area includes additional areas required for use such as hallways, basements and attics. This difference has a direct impact on rent and property taxes.

The living space is calculated in accordance with the Living Space Ordinance (WoFlV) and includes all rooms with a minimum height of two meters, although attic areas with a height of less than one meter are not included. For condominiums and single-family homes, the exact living space is crucial for the amount of rent or the sales price.

In addition to the living space, the usable area also includes cellars, attics and storage rooms outside the apartment as well as garages and similar additional areas. These areas contribute to the usability of the property, although they are often not heatable or suitable for permanent residence.

The floor area is the basis for calculating property tax because it covers the entire area of ​​the property including all buildings. Both the floor area and the usable area play a role in calculating property taxes, as additional buildings and areas are also taken into account.

The precise classification and calculation of living and usable space promotes a sustainable property valuation and enables potential buyers or tenants to assess the actual value and usability of the property. In addition, accurate area calculation is beneficial in renovation or remodeling projects to make efficient use of space and improve quality of life. This shows that the distinction between living space and usable space has a significant impact on the real estate market and the real estate industry.