1. What is Price Per Square Foot?

Price Per Square Foot (PPSF) is a standard metric used in real estate and construction to compare property values and costs. It's calculated by dividing the total cost by the total square footage.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( PPSF \) — Price per square foot (currency/ft²)
• \( TC \) — Total cost (currency)
• \( SF \) — Square footage (square feet)

Explanation: This calculation provides a standardized way to compare costs across different properties or projects regardless of their size.

3. Importance of PPSF Calculation

Details: PPSF is crucial for real estate valuation, construction cost estimation, rental pricing, and property comparison. It helps investors, buyers, and builders make informed financial decisions.

4. Using the Calculator

Tips: Enter the total cost in your local currency and the total square footage. Both values must be positive numbers greater than zero for accurate calculation.

5. Frequently Asked Questions (FAQ)

Q1: What is a good price per square foot?
A: This varies significantly by location, property type, and market conditions. Always compare with local market averages for accurate assessment.

Q2: Does PPSF include land value?
A: Typically, PPSF calculations include both structure and land value unless specified otherwise for construction costs only.

Q3: How accurate is PPSF for property comparison?
A: While useful for initial comparisons, PPSF should be used with other factors like location, condition, amenities, and property age for comprehensive analysis.

Q4: Should I use interior or exterior measurements?
A: For residential properties, use interior living space measurements. For commercial properties, measurements may vary by local standards.

Q5: How does renovation affect PPSF?
A: Renovations and upgrades typically increase the PPSF as they add value to the property beyond the basic square footage.