Convert Price per Square Foot to Price per Square Meter Calculator

When it comes to buying, selling or renting a property, it's important to understand how the price of a property is calculated. One of the key factors in property pricing is the price per square foot (PPSF) or price per square meter (PPSM). This article will focus on the conversion between PPSF and PPSM, and provide you with a useful calculator to make the process easier.

Definition of Price per Square Foot and Price per Square Meter

Price per square foot is a unit of measurement used to calculate the price of a property based on its size in square feet. It is calculated by dividing the total price of the property by its total square footage. For example, if a property is priced at $500,000 and has a total square footage of 2,000, the price per square foot would be $250 ($500,000/2,000 sq.ft.).

Price per square meter, on the other hand, is a unit of measurement used to calculate the price of a property based on its size in square meters. It is calculated by dividing the total price of the property by its total square meters. For example, if a property is priced at $500,000 and has a total square footage of 185.8 square meters, the price per square meter would be $2,690.48 ($500,000/185.8 sq.m.).

Formula to Convert Price per Square Foot to Price per Square Meter

The formula to convert price per square foot to price per square meter is:

Price per square meter = Price per square foot ÷ 10.764

This formula works because one square meter is equal to 10.764 square feet. By dividing the price per square foot by 10.764, you can convert it to price per square meter.

Examples of Converting Price per Square Foot to Price per Square Meter

Let's take a look at a few examples of how to convert price per square foot to price per square meter using the formula above.

Example 1:

A property is priced at $150 per square foot. What is the price per square meter?

Using the formula above:

Price per square meter = $150 ÷ 10.764

Price per square meter = $13.94

Therefore, the price per square meter of the property is $13.94.

Example 2:

A property is priced at $350 per square foot. What is the price per square meter?

Using the formula above:

Price per square meter = $350 ÷ 10.764

Price per square meter = $32.51

Therefore, the price per square meter of the property is $32.51.

Explanation of Price per Square Foot to Price per Square Meter Calculator

Our price per square foot to price per square meter calculator is a tool designed to help you easily convert the price of a property from price per square foot to price per square meter. It is a simple and easy-to-use calculator that requires you to input the price per square foot and it will automatically convert it to the price per square meter.

The calculator uses the formula mentioned above to convert the price per quare foot to price per square meter. It also rounds the result to two decimal places for ease of use.

Using our calculator is very easy. Simply input the price per square foot in the designated field and click on the "Convert" button. The calculator will then display the price per square meter in the result field below.

Question and Answer FAQ

Q: Why is it important to convert price per square foot to price per square meter?

A: It is important to convert price per square foot to price per square meter when you are dealing with international real estate transactions or when you need to compare properties priced in different units of measurements.

Q: How accurate is the calculator?

A: The calculator is very accurate, as it uses a precise formula to calculate the conversion.

Q: Can I use this calculator for commercial properties?

A: Yes, the calculator can be used for both residential and commercial properties.

Q: What if I have the price per square meter and need to convert it to price per square foot?

A: To convert price per square meter to price per square foot, you can use the following formula:

Price per square foot = Price per square meter x 10.764

Conclusion

Converting price per square foot to price per square meter is an important aspect of property pricing. It is especially useful when dealing with international real estate transactions or when comparing properties priced in different units of measurements. Our price per square foot to price per square meter calculator is a simple and easy-to-use tool that can help you convert the price of a property from price per square foot to price per square meter in seconds.