Is price per square foot a good indicator of a home’s value?
Friday, 08 March 2019
Question: “I know you’ve said before not to use price per square foot to figure out home values, but an agent I know uses it all the time…” Answer: If price per square foot actually works, then I’ve got some exciting news. You and I are about to get rich! How? We’re going to build
- Published in Q&A - Home Selling Questions
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Price Per Square Foot Won’t Determine Your Home Addition Profit
Tuesday, 01 October 2013
Question: “I can add onto my house for $200 per square foot and houses in my neighborhood are selling for about $400 per square foot. Why shouldn’t I just keep on adding onto my house until I hit the maximum the city will allow? If I can pay $200 and receive $400, I’ll do that
- Published in Q&A - Home Selling Questions
Why Price Per Square Foot Is Bad—& Some Agents Use It Anyway
Tuesday, 30 April 2013
Question: “My home is in North Park and it’s 3,400 square feet. The average price per square foot in the neighborhood…” Answer: Whoa! Stop! Halt! Before you go any further, I want to save you some time and trouble and correct your faulty premise. Many real estate agents, appraisers, and homeowners too clever for their
- Published in Q&A - Home Selling Questions
Why Price Per Square Foot Isn’t Accurate
Friday, 14 May 2010
“My husband and I have been talking to an agent about buying another house. She told me a quick way to figure value is ‘price per square foot’. I’ve never heard of this. How accurate is it?” Answer: Here’s how ‘price per square foot’ works: Take the sales price of a home – say, $500,000.
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