Wednesday, May 9, 2007

Look beyond cost per square foot


Katherine Salant wrote any interesting article in the Herald Tribune on April 14, 2007. She said that we ooh and ah about the floor plan, the room sizes, the kitchen countertops etc, but in the end, it all comes down to price. We want the most space for the least amount of money, because after all, we're a nation of bargain hunters!

"Unfortunately, home buyers' insistence on evaluating quality in cost-per-square-foot terms has had consequences that they don't appreciate, said Ron Jones, editor of Green Builder magazine. He elaborated on this point at some length, "Buyers value the dollar per square foot, and (some) builders respond by delivering as many square feet of conditioned space as possible for $X. If he can deliver 100 more square feet than the competition, most buyers think it's a better value."

"But the problem with this is that the more square feet that are added for a given price, the less concentration of quality per dollar for performance of the house. The quality of finishes, appliances, mechanical systems and building envelope suffers. Remember that the value depends on what is in the square foot."

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