Don't use Price Per Square Foot Alone to Determine Value

Posted by Jace Stolfo on Friday, January 30th, 2009 at 11:59am.

When you're hunting for Boise real estate deals, be sure to understand that price per square foot aloneis not a good estimator of value.  I find that many people too quickly jump to price per square foot without considering the factors that affect a homes value.  Price per square foot is only a reasonable measure to use when:

What we're really talking about is having good comparables.  There are many influences to a homes value and all these must be taken into consideration.  If the homes are truly comparable, then price per square foot is an excellent meaurement to use.

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