This figure is one of the ways you might make an apples-to-oranges comparison of properties easier to understand.
In general, the square footage number only includes the living space for the home.
It does not include outdoor areas, basements, the overall lot, or other space.
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Of course, rules for this calculation will vary by location.
Realtors (MLS) will also calculate the price per square foot based on the interior living space only.
The price per square foot on a property changes depending on the homes list price.
Comparing these apples to oranges valuations is where a real estate agent can help.
Its essential to have the price per square foot listed on all your marketing material.
Most of this is a factor of land pricing.
Pricing is largely a function of demand and supply.
Kenin says she always uses the price per square foot valuation when negotiating a deal for her clients.
The barn was a major selling point.
Buyers loved the idea of converting thebarn into a guest houseor pool house.
Calculating price per square foot when researching comparable properties is a very useful tool, Nicolas concludes.
