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# How do you calculate cost per square foot?

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To calculate cost per square foot, divide the purchase price of a house by its total square footage. For instance, if a house with 2,000 square feet sells for \$180,000, the cost per square foot is \$90 per square foot.

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Cost per square foot can also be determined for rental property. Divide the amount of the annual rent by the number of square feet. For instance, a 1,000-square-foot property that rents for \$10,800 a year costs \$10.80 per square foot. In rentals, square footage sometimes includes a portion of the spaces available to all tenants, such as lobbies and hallways. On the other hand, "usable square feet" refers only to the square footage within the walls of the leased area.

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## Related Questions

• A:

Calculations of the number of British Thermal Units necessary to heat or cool each square foot of a room must also account for the climate zone and the room's insulation, sun exposure and primary function. Some calculations also account for the ceiling height. Divide the final BTU calculation by the total square footage to get the number of BTUs per square foot.

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• A:

According to Costhelper, in 2014 the cost of sod for homeowner installation ranges between 8 and 30 cents per square foot. Having the sod professionally installed doubles the cost per square foot. Buying directly from a sod wholesaler is often a less expensive option for self-installation.

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• A:

As of 2013, the average cost of construction per square foot when building a home is \$95 per square foot, as stated by the National Association of Home Builders. This data is based on a 2013 survey that looked at the costs associated with building a single family home. The average price of a single family home is \$246,453.