Real Estate Investing
MODULE 3: Real Estate Fundamentals and Rules, Lesson 7
How to measure property?
Adnan Ul Haq
Module 3:Real Estate Fundamentals and Rules
How to measure property?
Adnan Ul Haq
When you buy a property, the most important thing is getting it measured correctly to solve any problems early on. Therefore, measuring your plot yourself is necessary to know if you are getting the same plot measurements that are mentioned in the documentation or not.
Measuring a plot is not difficult. Different cities have varying per square feet units. Normally the plots are measured in marlas which are made up of square feet. So, a lot depends on what city you're living in.
When you're looking to buy a plot in any city, the first thing that should come into your mind is how many square feet it's worth.
For example, we assume that 272.25 sq ft constitutes one marla in Islamabad.
To measure the size of your space, you need to use a measuring tape and measure the length and width. Assume that we have a length of 50 and width is 20. We use the following formula to measure the square feet of the plot.
SQF = Width x Length
SQF = 50 x 20
SQF = 1000
When you find the square feet, divide it with area marla. For example, if your home is in Islamabad that has a 272.25 square foot marla, then divide it with the total square foot and get the marlas.
1000 / 272.25 = 3.67 marla
Some people do not measure the plots correctly, and after a few years, they find out that the size of their plot is lesser than what was promised. They then have to go to court to try and fix the situation. This process may take many years.
When buying a plot of land, it is important to make sure that the size you're purchasing will be enough for your needs. Also, you must check if the size is accurately mentioned in the documents.