What Price per Square Foot Hides

What Price per Square Foot Hides

Price per square foot looks like a fair way to compare. It is one number, easy to divide, easy to rank. It also hides most of the things you actually live with.

Four things the number ignores

  • What is counted as area. Different documents use different definitions. Is the balcony included? Is it the area inside the walls or including shared parts?
  • How usable the layout is. Two flats of the same size can feel very different. A long corridor wastes space. A good plan does not.
  • Floor, view and noise. They change the price for a reason, and they change how easy the unit is to rent or sell.
  • What is included. Parking, storage and furnishing can move the real price a lot.

Compare total cost for the same use

Example with made-up numbers. Unit A: 700 sq ft at 1,500 per sq ft, so 1,050,000. Unit B: 650 sq ft at 1,550 per sq ft, so 1,007,500. On paper B costs more per sq ft. But if B has a better layout and includes parking that A charges extra for, B may be the cheaper way to get the same life.

Before you compare

  1. Ask which area definition each price uses.
  2. Draw the furniture into the plan. Does your life fit?
  3. Compare the all-in price, including parking and fees.

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