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Price Per Square Foot Calculator

Price Per Square Foot Calculator

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To Calculate:

Purchase Price

 

Area Measurement

 

Second Property

Compare with a second property ?

Purchase Price

 

Area Measurement

 

Third Property

Compare with a third property ?

Purchase Price

 

Area Measurement

 

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Table of Content

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Want to calculate square footage price for the property you are going to buy or rent? Go nowhere as this price per square foot calculator does exactly the same. Yes, you would stay wondering by knowing that this calculator will take moments to calculate house pricing per square foot.

So without wasting precious time, let us move down to the article below to understand the formulas to know the actual covered area of the property that you are about to make a purchase of.

Jump down!

What Is a Square Foot?

Basically, a square foot is the area of a square whose each side consists of length equal to 12 inches (1ft).

It is the most important and basic parameter to estimate the land area. And keeping in view the importance of this physical measurement, we have developed another square footage calculator to let you estimate any property coverage in seconds.

Square Footage Pricing:

While going to buy or rent any house, square footage cost is the elementary parameter to think about. Most of the real estate agents predict the price of the house by only working on this metric entity. It will make it quite easy for you to compare your property value with that of others. But keep in mind that the pricing is not the only thing you must think of. You are also in a dire need to look after the location, style, condition, build quality, or any other amenities.

Average Cost of Home Addition:

On an average, the home addition cost ranges $21,000-$68,000. But for exact calculation of your home corresponding to square feet, you should employ this price per square foot calculator. Apart from this, we have also arranged some charts below to help you out in this regard. Let’s go through these!

Home Addition Costs By Square Footage:

Square feet added

Typical cost
200

$16,000-$40,000

300

$24,000-$60,000
400

$32,000-$80,000

500

$40,000-$100,000
600

$48,000-$120,000

800

$64,000-$160,000
1,000

$80,000-$200,000

1,500

$120,000-$300,000
2,000

$160,000-$400,000

If you make free use of the online square footage price calculator, you would no longer be in danger of paying more than enough for any house.

Home Addition Costs By Room Size:

When a room is added to the map of the house, you must think of plumbing and electricity costs along with construction. But with the assistance of this price per square foot calculator, we are successful in predicting the price range that you will have to bear while adding a room to your property. These include:

Room size

Typical cost
10×10

$8,600-$15,500

10×12

$9,600-$24,000
10×20

$17,200-$31,600

12×12

$12,400-$22,300
16×16

$22,100-$39,700

20×20

$32,000-$80,000

Room Addition Costs:

Addition

Typical cost
Master suite

$59,400-$96,500

Bedroom

$10,300-$24,900
Bathroom

$18,000-$47,000

Living/family room

$34,400-$83,200
Mother-in-law suite

$44,000-$100,000

Mudroom

$2,880-$7,200
Kitchen

$25,100-$43,400

Sunroom

$8,100-$30,000

How to Calculate Price Per Square Foot?

Well, it’s a very simple procedure to calculate cost per square foot. And also the operation is further simplified and sped up if you utilise

our best square footage price calculator.

Formulas:

Following equations are a must to remember while you go for price per square foot calculations:

If purchasing property:

Price Per Square Foot = Price / Floor Space (ft^2)

If Renting Property:

Rent Per Square Foot = Monthly Rent / Floor Space (ft^2)

The following formulas are also used by the online price per square foot calculator to calculate the area of the land you are going to buy or rent.

How to Calculate Cost Per Square Foot?

Let us resolve a couple of illustrations to make your concept clear enough!

Example # 01:

Reshaeel bought a house worth $500,000. If the square footage of the house is about 2340ft^2, how to calculate dollar per square foot?

Solution:

Here we are going to calculate square feet price as follows:

Price Per Square Foot = Price / Floor Space (ft^2)

Price Per Square Foot = $500,000/ 2340 (ft^2)

Price Per Square Foot = $213.67

You can also verify the results by putting in the values in our free price per square foot calculator.

Example # 02:

How to calculate the cost per square foot of a room on rent, where the rent amount is $300 and the overall area of the room is 55 sq ft?

Solution:

Calculating the price per square foot:

Rent Per Square Foot = Monthly Rent / Floor Space (ft^2)

Rent Per Square Foot = $300 / 55 (ft^2)

Rent Per Square Foot = $5.45

For more precise estimations, you must compare the results with that generated by the online price per square foot calculator.

How price of Square Foot Calculator Works?

This price square foot calculator will work only if you follow the input guide arranged below:

Input:

  • From the first drop-down list, select whether you wish to calculate “price per square foot on purchase”, “price per square foot on rent”, or “lease price”
  • After you are done with your selection, go for entering all the necessary parameters in their respective boxes
  • At last, hit the calculate button

Output:

The free square foot price calculator does the following calculations:

  • Calculate square footage price
  • Estimates the monthly and yearly lease amounts of the property

FAQ’s:

Is price per square foot important?

Yes, it is! When you are confused with two properties that are in the neighbourhood of each other, price per square foot calculation is the key contributor to fade your confusion away and buy the one that best suits you with respect to currency.

Do larger houses cost less per square foot?

Yes of course! And if you are in a look of a greater land area to buy or rent, we suggest you better use this square foot price calculator. It will further assist you to estimate the price accordingly.

How much does it cost to add 1000 square feet to a house?

It will cost you approximately $80,000 to $200,000 if you plan to add a 1000 square feet room to your house. A better estimation could be obtained if you give a chance to our square footage cost calculator price.

Conclusion:

Price per square foot is the elementary entity in determining whether your hour is expensive or cheaper than any other house of same size or finishing. And also, our online price per square foot calculator is the optimal way of doing so in a matter of seconds.

References:

From the source of Wikipedia: Square foot, United States customary units, Area