Definition of "Square foot method"

Vanessa Brown real estate agent

Written by

Vanessa Brownelite badge icon

August Gray Realty Group

Represents a means of appraising a building by simply multiplying its square foot cost by the total amount of square feet in the structure being evaluated. Two or more buildings may then be compared by analyzing their total square foot costs.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

State laws limiting the interest rate that can be charged to individuals borrowing money in that state. These laws affect all lenders in a state regardless of what federal or state agency ...

Main street having a divider either in the center or between the curb and sidewalk with trees, grass, or other shrubbery. ...

Federal agency providing home financing to qualified people in low-income, rural areas. ...

Undeniably, some terms can make your head spin if you dive into real estate for the first time. Today, we’re breaking down a key term: Realtor Associate. It sounds official, ...

The meaning of an undisclosed principal in everyday use often refers to a confidential client who intends to keep their identity hidden. Typically, this individual remains in the background ...

Contract to act on the behalf of a principal in selling real estate. The principal agrees to pay a commission to the broker when a buyer is produced who is ready, willing, and able to meet ...

member of the National Association of Real Estate Brokers, Inc. ...

Representation on a flat surface of any region that depicts the elevation of that region. ...

generic name of the form used to file taxes payable to a federal, state, or local government. The tax return includes items such as gross income, deductions, tax credits, and tax due. ...

Popular Real Estate Questions