that we havent talked about in this course yet is a hectare.

Level 14: Real Estate Math - Chapter 1: Measurements Flashcards Square Footage: Used to Compare Building Sizes The most common measurement that buyers consider when searching for a home is the square footage of the home.Square footage is a unit of area measurement.Buyers and sellers most commonly use square footage as a way to compare the size of buildings.Other Units of MeasurementThere are other measurements that might come up during your real estate career. If you remember back when we talked about legal property descriptions, you learned all about townships and sections.1 section = 1 square mile = 640 acres1 township = 36 sections = 36 square milesOne that we haven't talked about in this course yet is a hectare.A hectare is a metric unit of measurement equal to 10,000 square meters. A hectare is also equal to 2.471 acres.Finding the Area of Irregular LotsSo, now we know how to find the area of a triangular and rectangular space. But if you think about all the homes, apartments, and lots you've seen, often times they aren't just one shape. They are made up of a combination of different shapes.To find the total square footage of a lot or home that is irregularly shaped, the area must be broken up into smaller, manageable shapes.We won't get into too much detail, and I won't make you go step by step into measuring a bunch of different pieces, but you should have an idea of how an irregular lot or home's size is

measured.Think about it like this: the square footage of a

home is the sum of all the individual rooms and areas of a home's square footage.Calculating Cost Per Square FootIt's quite simple, Mustafa.Take a look at the formula above and follow these steps:Step 1: Find the house's total

square footage.Step 2: Find the house's asking price.Step

3: Divide the house's total square footage by the houses's

asking price.Step 4: Celebrate!Mustafa, got that down?

Let's practice.

Math Workshop: Jenny's FarmYour friend, Jenny, has a small farm just outside of

Woodstock. She knows the dimensions of her property are 1,386 ft by 451 ft.*Don't forget, if you need to refer back to the details of the story when working through the problem, you can access them by clicking on the question image.Jenny's Farm: Explanation 1Answer: The square

footage of Jenny's land is 625,086 sq ft.Explanation: By

multiplying 1,386 ft by 451 ft, we find that the total square

footage of the land is 625,086 ft.Jenny's Farm: Explanation

2Answer: There are a total of 14.35 acres on Jenny's

land.Explanation: By dividing the land's square footage

(625,086 sq ft) by 1 acre (43,560 ft), we find that Jenny's land has 14.35 acres.PerimeterThe perimeter of a lot is a rather simple measurement.The perimeter is the boundary of the property. To find out what the perimeter is of a property, all you have to do is add the boundary lines together.For example, let's say I, Ace, buy a perfectly square lot measuring 100' x 100'. That would mean that there are 4 sides to my lot, each one being 100 feet long.100 + 100 + 100 + 100 = 400The perimeter of my beautiful new square lot is 400 feet.

The Importance of MeasurementsAs an agent, your buyer might have all sorts of questions for you that could be answered with a little measurement

arithmetic. For example:"Will my 25-seat, 40-foot denim

couch fit in this living room?""This room is 15' by 12', but how in the world am I supposed to know how many square feet that is?""My friend Jeremy says he owns two acres of land upstate. I think he's lying. How can I prove it?"Knowing the way property measurement works can help an agent answer their client's questions.Properties are often described in terms of their measurements. If a home is described as a 1,200-square-foot bungalow or a 2,400-square-foot brownstone, you already know a decent amount about that property.Additionally, buyers might have stipulations based on measurements. They may want a property larger than 1000 square feet, for example, or a place on a lot larger than two acres.When it comes down to it, knowing your way around dimensions, square footage, acreages, and the like will help you help your client.No, the agent's job isn't to give an accurate survey of the property's boundaries. That job is left up to a different group of professionals. But it is an agent's job to help frame the decisions that a buyer makes, and one important buying factor for most people is the size of a property.Triangular LotsOne of the shapes that an agent is sure to encounter is a triangle. You probably know about triangles, right, Mustafa?It'd be kind of weird if you didn't.But besides being the shape of club sandwiches, pizza slices, and wizard hats, a triangle is also the shape of many real estate lots. There is a simple way to find the area of a triangle. Divide the base of the triangle by 2 and then multiply that number by the height of the triangle. I'll show you on the next screen.The lot in this image is a right triangle. It's base is 54' and it's

height is 80'. So, how do we find the area?Step 1: Divide

the base by 2. So, 54 ÷ 2 = 27.Step 2: Multiply the answer

by the height. So, 27 x 80 = 2,160 sq. ft.The area of this triangular-shaped lot is 2,160 square feet.

• Acre = 43,560 Square FeetMustafa, 1 acre = 43,560 square feet. Memorize this

conversion rate - you'll need to know it by heart for your real estate licensing exam.repeat after me1 acre = 43,560 square feet1 acre = 43,560 square feet1 acre = 43,560 square feet

Chapter 1 Key Terms acre: a unit of area measurement used to determine the

size of land - 1 acre = 43,560 square feet hectare: metric

unit used to measure the area of land; one hectare equals

2.471 acres or 10,000 square meters front foot: standard

unit used to measure a boundary of the property that borders a street; one front foot is one foot of property bordering the street Square MileAs I explained in the last screen, one section is equal to one square mile. To break things down a little more, 1 square mile is equal to 5,280 square feet.If 5,280 feet make