PRICE PER SQUARE FOOT FOR A HOME IN BRENTWOOD, TN

By
Real Estate Agent with Berkshire Hathaway HomeServices - Woodmont Realty

My clients are often asking me, "What is the price per square foot for a home in Brentwood, TN?".

Well, there are no good answers for that... Although most people do look at the price per square foot when they buy a home, nobody should base a purchase on this alone, and this is why:

Prices per square foot for a home can vary enormously based on quality of construction; location; layout; lot sizes and orientation; whether it's a one-story or multi-level home; condition; improvements and updates; quality of appliances; amenities, among other factors.                                                                                                     
1. The price per square foo
Reynolds Properties builtt for a home will vary deeply depending on the quality of the construction, you can have the same floor plan, in the same neighborhood, built by two different builders, one used all quality material to build and several architectural features and the other one used basic material and features; at first glance you may not be able to see the difference, but live in it for a few years and you will feel the difference in your wallet.

Obviously the house from the builder using quality material will cost more to build, and it will most probably sell at a higher price per square foot, but it will cost less to maintain on the long run. It is always good to work with a Realtor® that knows the builders working in your areas, or can identify good craftsmanship in a build.

2. The price per square foot for a home can also vary because of the neighborhood the property is located, the more desirable the neighborhood, the higher the price per square foot.

3. Is the house a one level or two levels? One level houses have a larger footprint than the two level houses, and because of that larger foundation, they cost more to build per square footHomes with different price per square foot than two story houses, smaller homes also cost generally more per square foot to build than larger homes.

4. What is the lot size? The price per square foot for a home will also vary depending on the lot size, a larger lot will require more money to acquire than a smaller one.

5. Location and condition of the lot. Each neighborhood has better lots than others, some have better views, close to water, close to a common area, better access, better orientation of the lot, etc.  Some are professionally landscaped while others are bare.

6. The layout, condition, quality of appliances, improvement and updates of a property will also affect the price per square foot. Better layout will get more money, open floor plans are more in demand than closed-in layout; the same is true for a property in great condition and with many updates or with superior windows or roof shingles.

7. If you are looking at condominium or townhome, the price per square foot can be higher in a subdivision or project that is financially sound and well managed, than another with insufficient reserves.  If there are no rental restrictions, ask what the units rent for, and the ratio of rentals to owner occupied, the quality of construction, as well as the condition, location, improvements and updates, maintenance of common areas, and overall amenities.

Photo from Svilen Milev

So remember, if you are going to compare different homes, don't stop at the price per square foot, but consider at all the other variables that will affect the value of the property.

If you are in the market for a Nashville, Franklin or Brentwood, TN home and need help to make sense of all these factors, please contact me.

 

 

 

 

Photo of $ sign from Svilen Milev


close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Tennessee Williamson County Brentwood
Groups:
Investors
Posts to Localism
Prudential Network
Realtors®
"Whacked"!!!
Tags:
home price per square foot
cost per square foot for a home
price per square foot for homes
homes price per square foot

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
996,775
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Joanne:  First of all, Welcome to Active Rain.  I see you are a recent arrival, and I'm glad you have joined us.

I understand all of your reasons why you hesitate to answer that "price per square foot" question.  And yes, the answer can make more or less sense depending on all of the parameters you mention.  But sometimes, they just want to know... for a starting point, and I think it's a good thing to just give them an answer.  Ballpark, yes... but an answer.

And... if I were a prospective buyer... and received such an ambiguous answer... I would wonder if you were trying to hide something, or trying to get to a point where you could justify an overly high price per square foot.  Just my thoughts... you mileage may vary.

Feb 19, 2011 06:20 PM #1
Rainmaker
996,775
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

I might have answered... "well, the average price per square foot in the Fort Worth area can range anywhere form $65 per square foot to maybe $125 per square foot, depending on the size of the home, the amenities it has, and the lot size and the area the home is in.  At least that gives an answer, but more important, it gives the opportunity for the start of a conversation.

Feb 19, 2011 06:23 PM #2
Rainmaker
331,389
Jon Quist
LONG REALTY - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

I hate that question because that's not where you want a prospect to focus, until way closer to the end of a discussion. Unless they are just tire kickers and then the answer is still pretty broad with all sorts of caveats.

Feb 19, 2011 06:31 PM #3
Rainer
42,828
Joanne Gauthier
Berkshire Hathaway HomeServices - Woodmont Realty - Brentwood, TN
Nashville & Williamson Co. Real Estate Specialist

Karen Ann,

I agree with you, the only thing we can give them is a range, and then point out why there is so much difference between one house an another, or one neighborhood and another.

Feb 19, 2011 06:32 PM #4
Rainmaker
331,389
Jon Quist
LONG REALTY - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

I like Karen's answer as a means to start a discussion.

Feb 19, 2011 06:32 PM #5
Post a Comment
Spam prevention
Show All Comments
Rainer
42,828

Joanne Gauthier

Nashville & Williamson Co. Real Estate Specialist
Ask me a question
*
*
*
Spam prevention