Global Real Estate: Transaction Tools Chapter 2: The Metric World.

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Presentation transcript:

Global Real Estate: Transaction Tools Chapter 2: The Metric World

In This Chapter The metric system applied in real estate Conversion formulas Estimating

Learning the Metric Language Provide meaningful information on value, area, and distance “Translate” with numbers to communicate value

Square Feet to Square Meters Square Feet  10.7639 = Square Meters

Square Meters to Square Feet Square Meters x 10.7639 = Square Feet

Price Price per square foot x 10.7639 = price per square meter Price per square meter  10.7639 = price per square foot

Annual or Monthly Monthly Cost x 12 = Annual Cost Annual Cost ÷ 12 = Monthly Cost

Estimating Area Use a factor of 10 DIVIDE square feet by 10 for estimated square meters MULTIPLY square meters by 10 for estimated square feet

Somewhat Smaller Square Feet Square Meters

Somewhat Larger Square Meters Square Feet

Centimeters and Inches, Meters and Yards Centimeters ÷ 2.54 = inches Inches x 2.54 = centimeters 100 centimeters ÷ 2.54 = 39.37 inches 100 centimeters = 1 meter Slightly longer than 1 yard

Hectares and Acres Hectares x 2.471 = Acres Acres ÷ 2.471 = Hectares 1 hectare = 10,000 square meters

Skill Practice: Metrics

Key Point Review