https://www.nen.nl/bouw/beheer-en-onderhoud/oppervlaktebepal...
I don’t think it really changes the property value because those interior walls are usually cosmetic and not load bearing. If the bank has to foreclose, the next buyer will be well aware they can strip those walls out for nothing relative to the cost of buying the building.
I’m doubtful it pushes the tax revenue for the same reason, everyone is already evaluating based on what it could be.
Smaller units are probably just not worth the effort to manage. It’s a lot of over head to start auditing old duplexes where the owner has a property or two and isn’t a giant company with a whole compliance department.
A consumer doesn't buy anything from a business "as seen", that is not a thing over here. There are binding rules to protect consumers from malevolent sellers or landlords, and legal obligations you can't subvert by tricking customers into purchasing something different from what was advertised.
Advertised amounts would be off by 20-25%. When you confronted them about it realtors would just give you the real number, I guess most people wouldn't go through the trouble so it was worth trying for them.
It would be truly trivial to then just transform that to calculating square footage, and many states do just that. But not all. It's a problem of motivation, not necessarily ability or cost.
(Won’t advertise my app, but you can find many on the iOS App Store).
Would be nice for StreetEasy to have some kind of third party verification about apartment size claims.
Personally, I wish we would normalize including exact floor plans with measurements.