(OT) Rounding up sq ft?

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momopi_IHB

momopi_IHB

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Today I was browsing a local RE listing site and found this:


http://www.oakcreekrealestate.net/renestate/show_listing.php?record=183&page=2&search_type=&search_value=





Note that the Oak Park property is listed as "approx. 900 sq ft" and asking $1800/mo rent.





This floorplan was advertised as 868 or 869 sq ft from the builder. You can even see it on the floorplan page here:


http://www.oakcreekrealestate.net/Oakpark/index.php





Has it become an acceptable pratice to "round up" or include non-living space from the garage?



 
there is builder sq ft and there is appraiser sq ft. For this floorplan, I have seen both numbers used. And especially since this is a rental, I would imagine that the seller just plopped in that number.





i usually see a ~100 sq ft variation in the numbers.





are you thinking of renting that one?
 
<p>momopi - Do these rates shock you too?</p>

<p>http://www.rental-living.com/Communities/Woodbury-Place/Prices-And-Floorplans/</p>
 
HOLY COW O_O





I own plan 1's at Oak Park and was charging my tenants $1400/month lease last year. I based my pricing about $100 below what Brittany across the street was asking back then (~$1500). Woodbury seems very expensive comparred to Brittany and Oak Gleen.



 
<p>momopi - Give yourself a raise - Oak Park plan 1 has a fair market value of $1,800 from what I see. At the rate people are renting (instead of buying), it may move up. Your rental is a townhome, Woodbury place is more of a townhome-want-a-be. If you have an agent, he/she can give you lease history in your area.</p>
 
yeah you can do 1800/month. reason? you have a two car attached garage. i know it's tandem, but still better than any detached garage or carport!
 
I found this article on LA Times today on the rising rents for commercial property in Southern CA:


http://www.latimes.com/business/la-fi-rents10mar10,1,1703866.story?coll=la-headlines-business





56.9% increase for commercial lease at Irvine Spectrum. Sheesh. That's a even higher than apartment rent increases. When my work decided to relocate to Irvine, they made a point to buy the property and not lease/rent again (we're currently leasing in Brea), because they believed it' be cheaper to buy over the long term. Guess they were right on the money.
 
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