WHY CARPET AREAS CANNOT BE APPLE TO APPLE COMPARISON

One of the first things people ask when they are interested in a home is “What’s the carpet area (square footage)?” One of the first things we ask buyers, once we know their price range is “what size home do you need?”. With few exceptions, people are able to immediately quote a size range in square feet. Square footage measurements make it easy to compare and sort one house against another and to decide, when searching, which homes to select initially as candidate properties, and which to exclude.

Many agents and buyers use the Carpet area size of the home to compare the price per square foot against the average price per square foot of homes sold in the particular neighborhood or area in which the home is located. Agents and Buyers use the Carpet Area in this manner because no other characteristic of a house is as easy to understand, or as generally reliable to compare. Of course Carpet area size it is not and should not be the ONLY one criteria used in valuing a home.

There are many other factors to consider. But in general it is simply a fact that square footage size is a primary and common measure of value comparison used by agents, buyers and sellers when evaluating and comparing homes of similar size, quality and location and trying to determine what a fair offer or list price will be for a home. The other factors which need to be considered while thinking and talking about areas is,

1) The functionality of the floor plan
2) Floor Circulation space
3) Furniture friendly dimensions
4) Breathing floor plans i.e. with maximum exposure to light and air
5) Minimal dead spaces

Real estate brokers are the mentors for the home buyers when it comes to choosing the right home, hence while you play an pivotal role in home buying, it is essential that you educate the customers with how to look beyond just the carpet areas. How good is the carpet area when you cannot efficiently use the space or the space is being lost for unnecessary passages within the home or at appropriate corners of the home there is no adequate exposure of light and air? 

So, comparison of the carpet area of one apartment with the carpet area of another apartment, cannot be an apple to apple comparison when there are other critical factors within the carpet area which needs to be considered. Call our Home Counsellors now to probe the uniqueness of the carpet areas in HM Indigo. We would be glad to walk you through it.