What is Gross and Net Square Meters? Why does it Matter?
What is Gross and Net Square Meters? Why does it Matter?
When we talk about real estate investment projects, precisely in Turkey and the big cities such as Istanbul, the gross and the net square meters are one of the main characteristics put into consideration by buyers who plan to own a home within Turkish land jurisdictions.
Being a house or an apartment owner is a fantastic thing for foreign investors interested in Turkish property.
The general investment purchase comes with minimized prices and the most outstanding turnovers in the long run.
When it comes to organizing a real estate project and purchases around the whole world, you need to examine all things in detailed information and putting them in order before releasing payment to the seller.
This entails discussing issues of relevant certifications, the title deeds as well as the overall close up of the property to be purchased.
One of the great facts to assist you significantly is examining the gross and net square meters– factor for any residential home or apartment.
Gross and Net Square Meters Definition. Learn More
For any apartment or home, a gross square refers to the total amount of the area covering the residential home, putting into consideration the boundary walls, internally.
Looking at the exterior, the gross square speaks more about the outer parts such as the area garden, the car parks, and other facilities.
On the other hand, the gross inner square speaks much about important features such as the apartment elevating machines and the staircases.
The term gross in the real estate language supports several factors such as the house columns and the unused areas since it’s the cumulative size of the building.
The net square factor refers to the total amounts of an area within an apartment, residential home that’s tangible and physically utilized.
Additionally, we can have another definition that talks more about the home balcony and terraces.
Still, on the same subject, the inner net square may also refer to the areas inside the apartment or homerooms.
It’s a sad thing to make you know that Turkey has zero defined standards regarding property advertisements.
Foreign investors interested in the real estate business usually see a tangible difference in the property, homes, or apartment sizes.
The reason behind this drastic change and difference is because some real estate representatives usually use the net square while others opt for Gross Square in their definitions.
Enjoying the topic? Keep reading to learn more about why the gross and net square meters is necessary…
Reasons why Gross and Net Square Meters Matters
The internet has been the most preferred option for most buyers in search of properties and residential homes.
Brochures has also become another method of creating awareness about huge projects. In both cases, the gross or the net square(s) regarding the residential homes is advertised where the bigger may look as if that’s where the bargaining power lies.
In the instance where a project is gross-advertised where ¾ of its area is in a usable condition, that home/estate project seems huger on the paperwork while in the real sense, it’s less than one would think.
To save you from such confusion, you can opt to visit a hardware vendor who deals with equipment for measurements.
This is a better option in providing accurate calculations concerning the overall gross and net square meters factors.
Furthermore, the Turkish land registrar or relevant representative can also assist especially when dealing with complex homes and apartments in Turkey.
What if the apartment or a home is under construction? It’s worth inquiring about the apartment floor plan as well as the mentioned gross and net totals of areas in inclusion regarding the general contracts having a notary.
Would you like to inquire from us in regard to this topic? Reach out by contacting our sales experts for satisfactory answers.
What is Gross and Net Square Meters? Why does it Matter?
