Posts Tagged ‘price per square foot’

Real Estate Mathamatics Gone Wild

Friday, January 14th, 2011

Richmond Home Builder

Today’s real estate mathematicians have attempted to reduce the purchase of a home to a mathematical equation. The basic concept behind the equation is the assumption that all homes have walls, a roof, windows and doors. Because all homes have these features, they should be comparable and measured similarly.  This method of measurement is called “price per square foot.” While the scheme is phenomenal, the math is a little fuzzy. I fear a good part of the equation has been overlooked.  In the light of de-fuzzing mathematics, Boone Homes, a Richmond home builder, has examined the equation and found a few items to help de-fuzz this real estate math.

The more Nostalgic the home, the more it is missing. I’m sure this makes sense. The older the home, the more nostalgic and quaint it appears.  The downside to the nostalgia is we forget how much isn’t included. Some of the items that are included in nostalgia are: (more…)

How Does a School Bus Relate to Buying a House?

Wednesday, July 15th, 2009

When my kids were younger they had dreams about riding the “big yellow school bus.” Every day they would run to the window to see the “big yellow school bus” drop of the neighborhood kids.

Soon the older siblings would get off the bus with a cool look on their faces as the younger siblings would gawk in their honor…The school bus was a big transition each of my kids looked forward to. A transition from being a little kid at home to being a big at a big school. Amazingly enough my eldest, now 13, no longer looks at riding the school bus as a “cool” thing. He is now dreaming of driving my little commuter car. I’ve caught him sitting in the front seat of the car, daydreaming of his chance to drive. It is amazing how little he takes into account how small that commuter car is. My dream, a convertible. Amazing how times shift values. (more…)