How does the cost of a cup of coffee relate to the price per square foot of a house or condo???
There is a certain cost of entry to a lot of things. If you want a cup of coffee at Starbucks, you have to pay at least $1.85 for an 8oz cup, or you can get one twice as big for $2.25. You can get into a Mariners game and sit in the center field bleachers for $12, or you can pay $24 for view level seats. It all boils down to the cost to get “into the game”.
When you are buying a house, the smaller homes and condos almost ALWAYS have a higher price per square foot than the larger ones do. That boils down to the fact that there is a certain minimum expenses to owning a home. The larger that home is, the more space there is to spread that fixed expense out on.
So don’t fret small space dwellers. It is just a cost of doing business and you will certainly recoup that expense if you sell.