How to calculate the value of the square meter
Calculating the value of the square meter is essential for various situations, either in the purchase or sale of real estate, the definition of the rental price or even the renovations. In this article, we will explain step by step how to make this calculation simply and accurately.
What is the square meter?
The square meter is a unit of measurement used to calculate the area of a given space. It is represented by the symbol m² and is widely used in construction and real estate market.
Step by step to calculate the value of the square meter
To calculate the value of the square meter, follow the following steps:
- Define the area: Measure the width and length of the space you want to calculate. For example, if you want to calculate the value of the square meter of a terrain, measure the width and length of the terrain.
- Calculate the area: multiply width by length to get the area in square meters. For example, if the land is 10 meters wide and 20 meters long, the area will be 200 square meters (10m x 20m = 200m²).
- Get the total value: See the total value of the space in question. For example, if the land is being sold for $ 100,000.00, this is the total value.
- Divide the total value by the area: Divide the total value by the value of the previously calculated area. Using the example above, R $ 100,000.00 divided by 200sqm results in R $ 500.00 per square meter.
Additional Considerations
It is important to note that the value of the square meter may vary according to several factors, such as location, type of property, the region’s infrastructure, among others. Therefore, it is recommended to do a market research to get a more accurate notion of the value of the square meter in the desired region.
In addition, it is valid to mention that calculating the value of the square meter can also be used to estimate the cost of materials in a renovation, for example. Just multiply the value of the square meter by the size of the area to be reformed.
In short, calculating the value of the square meter is a simple and useful task for various situations. Following the steps mentioned above, you can have a more accurate notion of the value of a particular space, whether for purchase, sale, rent or renovation.