Definition
The total area of your land parcel, measured in square feet or acres, including the structure footprint plus surrounding property. Lot size is a key value factor affecting property worth.
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Lot size affects property value, development potential, and quality of life. Larger lots provide more outdoor space, privacy, and flexibility for additions or modifications. Lot size should be verified through the property survey or county records. In some areas, lot size may be restricted by zoning regulations.
Pro Tip
Consider whether you'll want to expand the home later. Larger lots provide flexibility for future additions.
Example
The property sat on a 0.35-acre lot (approximately 15,200 square feet) in a suburban neighborhood with similar sized lots.