What is the definition of saleable area?
Buyers of real estate should be very aware of what the builder or seller implies when he talks about area. What the area is inclusive of and what not is the first clarification a buyer should seek. For instance, a developer may tell a potential buyer that his quote is based on an area covering 3,000 sq.ft. It may seem like a bargain. But what the developer may be referring to is super built-up area or to a definition he has made himself – while the unfortunate buyer is under the assumption that it is the amount of total area he will get in his apartment. Carpet area is the least inclusive. It will tell you exactly how much space you will have in your home. It is literally defined as the exact area within the walls of your property. To illustrate: if you had to lay out a wall-to-wall carpet, how much area would it require? That’s carpet area. Built-up area goes one step further and includes carpet area and the area occupied by the walls of your home. Hence, the total area of your home p