Things You'll Need:
- Calculator
- Square Footage of property
- Cost of property
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Step 1
Determine the value of the property.
Lets say a house you are looking at in San Ramon, California is $899,000 and 2300 square feet.
Another house you are looking at is in Livermore, California is $399,000 and 1000 square feet. -
Step 2
Divide the cost of the house by the square footage:
San Ramon House:
$899,000/2300=390
$390 represents the cost per square foot.
Livermore House:
$399,000/1000=399
$399 represents the cost per square foot.
Using this calculation we can tell that the more expensive house is a better deal (as price per square foot) than the cheaper house. -
Step 3
Now try in with land:
San Ramon = 10,000 square feet lot
Livermore = 4,500 square feet lot
San Ramon House:
$899,000/10000=89.9
$89.90 represents the cost per square foot.
Livermore House:
$399,000/6000=66.5
$66.50 represents the cost per square foot.
Using this calculation we can tell that the more expensive house is a worse deal (as price per square foot) than the cheaper house. -
Step 4
It all comes down to you though, wether you want a large lot, or a large house, either way, I hope this was helpful.











