When it comes to buying or selling a house price per square foot always comes into the picture. The question remains what is a square foot? Well, I’m here to give you the answer. A square foot is a unit of measure. It’s 12 inches by 12 inches the size of the average ceramic tile.
Price per square foot can be measured on floor space or wall space and is often used by tradespeople when pricing out a job so that the price that they give is somewhat consistent.
When pricing out a complete house the square foot price that is used is always price per square foot of floor space. In many parts of the world the unit of measure is given in meters square instead of square feet or square foot. But the same rules apply we are pricing by floor space.
Price per square foot of wall space is used by drywall installer’s and sometimes painters to account for walls that are not of a standard height. Price per square foot of floor space are used by trades such a carpet layers, laminate installers, building material stores as they usually price by the square foot.
As I’ve been looking into price per square foot I seem to have come across an area of some contention when it comes to selling a complete house. I’ve come across professionals and lots of them who don’t want to be open about the price per square foot of the home. This seems strange to me as I know first hand how easy it is to get or figure out the price per square foot.
Here is how easy it is to figure out the price per square foot. First, you need to know the price of the house lets say $300,000.00 enter that into a calculator then divide that number by how many square feet the building is let’s say 3500 square feet for a total that can be compared to other homes in the area. So 300,000 / 3500 = 85.714 so for the price of this house the price is $85.74/ square foot.
Now we need to know that price per square foot varies a lot depending upon the area that you are wanting to purchase in yet it is a very good measure to make sure that the price you are paying is reasonable compared to homes of similar quality.
Homes do vary in price, that is a given and a house that is cheaper by the square foot is probably a house that is going to need more work and a house that is priced higher by the square foot should be in better condition, in a better part of town, newer or have some good reason for being priced higher.
Asking for a price per square foot seems to be a no no but remember it is easy enough to find out with out asking and as a rule of thumb you should use price per square foot to help in your decision making.
This also makes it easy to compare one house to another. if one house is $100.00 / square foot and another is $120.00/ square foot. You can then look at both houses and decide for yourself which one is a better deal.