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When it comes to buying a home, understanding the various types of real estate jargon is essential. One of the key factors that influence the price of a property is its total area. However, real estate developers often use different measuring terms such as Carpet Area, Built-up Area, and Super Built-up Area.
Let us give you a comprehensive understanding of what they mean.
1. Carpet Area: Carpet Area refers to the actual usable space inside the walls of an apartment or unit. It includes the living area, kitchen, bathrooms, and bedrooms. This measurement is considered the most crucial because it represents the actual area that the buyer will utilize. Carpet Area is often expressed in square feet or square meters.
- How to calculate Carpet Area: Carpet Area can be calculated using the following formula: Carpet Area = (Area of bedroom + living room + kitchen + balconies + toilets) - thickness of inner walls.
- Understanding the significance of Carpet Area: Carpet Area is vital as it determines the functional living space available to the buyer. It helps in assessing the layout, size, and usability of the property. By knowing the Carpet Area, potential buyers can evaluate if the space meets their requirements and expectations. Additionally, it allows them to compare properties based on the actual usable area, ensuring they get the most value for their investment.
2. Built-up Area: Built-up Area includes both the Carpet Area and the thickness of the apartment's walls. It is also known as the foundation region. Since it takes into account the space occupied by the walls, the Built-up Area is larger than the Carpet Area. Built-up Area encompasses the interior wall areas, corridors, balconies, and any other enclosed spaces.
- How to calculate Built-up Area: To calculate the Built-up Area, add the Carpet Area to the exterior and interior wall areas, terrace and balcony space, and any corridors present.
- Understanding the significance of Built-up Area: Built-up Area provides a more comprehensive view of the space by incorporating the walls and other enclosed areas. It helps in assessing the overall dimensions of the property, including the thickness of the walls. Buyers can consider factors like insulation, soundproofing, and structural integrity when evaluating the Built-up Area. Additionally, it allows potential buyers to understand the proportion of usable space to the total constructed area, enabling them to make more informed decisions.
3. Super Built-up Area: Super Built-up Area is a term used to describe the space that includes both the Built-up Area and the proportionate area of shared spaces such as lobbies, stairwells, lifts, etc. It also takes into account the amenities provided within the building, such as pools, gyms, community centers, etc. The Super Built-up Area is the largest of the three measurements and is sometimes referred to as the saleable area.
- How to calculate Super Built-up Area: Calculating the Super Built-up Area is slightly more complex. It involves adding the Carpet Area to the proportionate common areas. The proportionate share is typically decided by the real estate developer and can be expressed as the carpet area plus 1 + loading factor, where the loading factor represents the difference between the Super Built-up Area and the Carpet Area.
- Understanding the significance of Super Built-up Area: Super Built-up Area helps buyers assess the overall value and facilities provided by the developer. It includes shared spaces and amenities that contribute to the overall appeal and convenience of the property. However, it's important to note that the Super Built-up Area may include spaces that the buyer may not necessarily use, such as common areas or amenities. Therefore, potential buyers should carefully consider whether these shared spaces and amenities align with their preferences and lifestyle.
Understanding the different types of real estate jargon related to property measurements is crucial for potential buyers. The Carpet Area represents the actual usable space, the Built-up Area includes the walls, and the Super Built-up Area comprises the shared spaces and amenities. By knowing these terms and how to calculate them, buyers can make more informed decisions and assess the value they are getting for their investment. It's always recommended to clarify these measurements with the real estate developer or agent before making any purchasing decisions. By having a clear understanding of these measurements, buyers can confidently navigate the real estate market and find a home that best suits their needs and preferences. Remember, knowledge is power when it comes to real estate investment, so take the time to understand the jargon and make educated decisions.
Article authored by: Team Propfynd
Date: 1th July, 2023