People often ask about the cost per square foot when they purchase a home or want to build a home. I dislike the term “cost per square foot“. It is such a loaded term and I believe it is a catch phrase for people to use when discussing real estate, but it really isn`t that relevant. Let me explain.
It`s like buying a car by the pound. You have a Mercedes and a Nissan. The two vehicles may weigh the same, but one costs way more than the other. Obviously this is because of what`s inside the Mercedes. If you`ve ever driven a Mercedes and a Nissan, you will notice a difference in the quality of the vehicles. Don`t get me wrong, they are both terrific vehicles, but the cost does set them apart.
This is the same when purchasing or building a home. A 2500 square foot home can cost you $150 per square foot to build or purchase or $350 per square foot. It depends upon what kind of workmanship and materials are inside the home and where they are situated.
I hope this brings clarity to this term. Thanks for reading!
By Patrick Murray Join me on Google+