Mastering the Art of Pricing: Calculating Price Per Square Meter! Swipe left for a step-by-step carousel guiding you through the essential insights on how to calculate the price per square meter in the real estate game.

To calculate the price per square meter when buying off- plan, you need to follow these steps:

  1. Determine the total purchase price: This is the total cost of the property you are buying off-plan.
  2. Calculate the total size of the property: Find out the total size of the property in square meters. This information is usually provided by the developer or can be obtained from the floor plans.
  3. Divide the total purchase price by the total size of the property: Divide the total purchase price by the total size of the property to get the price per square meter. This will give you an idea of how much you are paying for each square meter of the property.

EXAMPLE
IF the total purchase price is ZAR 1,000,000 and the total size of the property is 100 square meters, the price per square meter would be ZAR 10,000 (ZAR 1,000,000 / 100).

Calculating the price per square meter is important when buying off-plan, because it allows you to compare the value of different properties. It helps you determine if the price you are paying is reasonable in relation to the size of the property. It also allows you to compare prices with other properties in the same area, helping you make an informed decision about the investment