global real estate: transaction tools chapter 2: the metric world
TRANSCRIPT
In This Chapter
• The metric system applied in real estate• Conversion formulas • Estimating
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Learning the Metric Language
• Provide meaningful information on value, area, and distance
• “Translate” with numbers to communicate value
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Price
• Price per square foot x 10.7639 = price per square meter
• Price per square meter 10.7639 = price per square foot
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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
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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
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Hectares and Acres
• Hectares x 2.471 = Acres• Acres ÷ 2.471 = Hectares• 1 hectare = 10,000 square meters
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