Humber/Ontario Real Estate Course 2 Exam Practice

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Which factor is NOT typically used to calculate the livable area in a home?

  1. Finished attic space accessed by stairs.

  2. Finished, heated attic space accessed by pull-down stairs.

  3. Finished basement rooms.

  4. Seasonal, glass-enclosed sunroom not permanently heated.

  5. Unheated enclosed porch.

  6. Unfinished basement areas.

The correct answer is: Finished attic space accessed by stairs.

The factor that is NOT typically used to calculate the livable area in a home is finished attic space accessed by stairs. In real estate, livable area calculations usually include spaces that are finished, heated, and accessible year-round. Finished attic spaces accessed by pull-down stairs, finished basement rooms, seasonal glass-enclosed sunrooms not permanently heated, and unheated enclosed porches are commonly considered when calculating the livable area as they can be used throughout the year. However, finished attic space accessed by stairs is not usually counted towards the livable area as it is not easily accessible or habitable in the same way as the other options provided.

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