Methods of Square Footage Calculation
You may find yourself in a situation that would make you want to sell your house one day. However, you just don't name a price and that would be it because you may either gain a profit or sustain not just a loss but also property. For some raw computations, here are several ways to walk you through.
A lot of things should be considered when pricing your home. To acquire the best selling price, one of the most conventional methods used is square foot pricing. Similar data about this are disclosed at http://en.wikipedia.org/wiki/Square_foot. What does each square foot of your house based on the selling price of recently sold houses is the idea that revolves in square foot pricing.
Gathering and comparing data of properties similar to what you are going to sell is the first thing you need to do. Some of the things you should consider is the style whether it is a bungalow or a duplex. Is it made of concrete or made of log? When was it made? The accessibility should also be the same as much as can be. Get the price each house was sold for. Find out the measurement of each house in square foot after that. You're going to add the selling price of the total number of houses. After that, add the measurements for the total number of square foot. After that, divide the total sold price over the total number of square foot to get the average of square foot sold price. Lastly, multiply the average with the total square foot of your home. You can use this as a guide when pricing your home.
Real estate appraisers usually calculate square footage using a square footage calculator by only including in the equation the places in the house that are air-conditioned. Which means everything else is excluded.
In the total square footage; the areas occupied by walls between rooms are also included. Although the areas look small, it isn't the case. When it adds up, it can reach up to ten percent of the total square footage of your home.
The areas of the stairs are to be included in your measurement. The only spaces to be counted are those with ceiling height of more than seven feet.
Keep in mind that the heated square footage is usually used in synchrony with initial cost estimating of cost per square foot is very rough. You can learn more about this when you click here to get started.
It is one of the things involved in cost construction but it doesn't mean it's the only one that decides the real value of your house. There are many costs that are not related to how big the house is.
The cost per square foot is only used by builders as a rough estimate. They rarely sign a binding contract to build a house at a specific cost per square foot. Doing that would lead them to become insolvent because it impossible to know the exact cost of building a house. There are too much things that should be considered. That is the reason why builders use cost per square foot only as a range for the real cost.
