Blog Post No. 142
Valuing Price per Sq. Ft.
25/01/2023
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Episode 4 | Valuing Price per Sq. Ft.
Finding a property on a price per square foot basis seems easy, but there are other factors to take into account.
Price per square foot is a method used to determine the value of a property or piece of real estate and is calculated by dividing the total sales price of a property by its total square footage. This method can be used to compare properties of similar size, but it should be used with caution, as it does not take into account factors such as the property’s location, condition, and amenities. Additionally, price per square foot can vary greatly depending on the area, so it’s important to compare properties within the same region.
The Word From the Street is a series featuring real estate agents giving advice on property needs. We cover a wide range of topics, such as how to find the right property, how to negotiate the best price and how to prepare a property for sale. Each real estate agent is giving their unique perspective and expert advice. The series is targeted to a wide audience, from first-time buyers and sellers to experienced investors.
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