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Apr 14, 2021
9:23
:29
pm
HarlemCoug
Free to change my mind
some locations count garage space and decks if they have air. Using sq/ft is a decent metric, but it certainly is just
one data point of many to consider....
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HarlemCoug
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Big12
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HarlemCoug
Joined
Sep 8, 2014
Last login
Apr 22, 2024
Total posts
32,142 (4,005 FO)
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Messages
Author
Time
Why do people focus so much on price per square foot for home value comps? It
Odysseus
4/14/21 8:23pm
Aren’t all of those things figured in?
blueaussie
4/14/21 8:24pm
I just mean in casual conversation people will say things like “homes in Alpine
Odysseus
4/14/21 8:28pm
Ah gotcha. I was thinking about my actual appraisal.
blueaussie
4/14/21 8:34pm
Because it’s an easy metric. Those other things aren’t as easily quantifiable
cougarfann888
4/14/21 8:24pm
Its just a big factor, One story vs two story is a big difference too
JOPE
4/14/21 8:25pm
What area and what price are people talking? I’m curious on current rates
Medute
4/14/21 8:26pm
Price is pretty important when it comes to buying a house
SUAVO
4/14/21 8:26pm
It gives you a starting point at least.
dYrtbYkerYder
4/14/21 8:27pm
Because that's how buyers value a home. For the most part, the value of
Corn Pop
4/14/21 8:29pm
Houses in the same area/neighborhood often have similar characteristics and community benefits.
Trent
4/14/21 8:35pm
Good estimate for homes that are usually pretty similar in many neighborhoods.
mulletino
4/14/21 8:33pm
it is the baseline. They used to use replacement costs, but those are so extreme
Nat Gas Man
4/14/21 8:54pm
Should do price per cubic foot.
zonacougar
4/14/21 8:57pm
some locations count garage space and decks if they have air. Using sq/ft is a decent metric, but it certainly is just
HarlemCoug
4/14/21 9:23pm
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