When is a square metre not a square metre?

[awahee123]

I dont't think any developer likes talking about this subject as shown on this thread.
Its something people should compare as all developers offer different interpretations of m2.
I again say to everybody who reads this do check, you are entitled to check to see exactly what you are getting for your money.You will find some developers exagerating m2 you should only be interested in what you get within your apartment to get the true value of your property.

[SHO]

One of the reasons developers quote the gross size is because when they finish building the apartment the size may differ slightly from a quoted NET size.

The thing is you are not just buying a set of sq.m. It is the package you are buying with views, facilities, location etc etc. You have the right to know the NET size, just ask and you will be told but analyse the whole package first not the price/sq.m!

George

[Johh C]

Oooops i seem to have hit a bit of a nerve here! Am I right in saying then that it is an arbitary figure( about 15%) which is added to the nett area. If so that means that prices are in reality 15% higher than we think on a square metre basis , but I suppose the counter argument to that is that if everybody is doing the same then it doesnt really matter, if everything is pro rata. But is it pro rata? 15% is a big difference but it does complicate decision making a bit, even taking into account quality location views etc.

Food for thought!

Cheers


John

[awahee123]

You've hit the button Johnc.you will find when you put something a developer doesn't like on the forum they simply don't agree,I wonder why LOL..
KEEP UP THE GOOD WORK.

[tommyt]

I have bought a two bed apartment in the suleder development and have just received detailed plans with all the dimentions. I was originaly told the apartment would be 97 m2, on my contract it states 93 m2, I have worked out the area off the plans and this comes in at 80.43 m2. Also on the original floor plan it showed my apartment would have two balconies, on the detailed plan it shows only one, any comments.

[dave99]

Originally Posted by tommyt

I have bought a two bed apartment in the suleder development and have just received detailed plans with all the dimentions. I was originaly told the apartment would be 97 m2, on my contract it states 93 m2, I have worked out the area off the plans and this comes in at 80.43 m2. Also on the original floor plan it showed my apartment would have two balconies, on the detailed plan it shows only one, any comments.

I would hope that everyone is aware that exact measurement on a "plan" is not possible, however the degree of variance quoted here is unacceptable, likewise the loss of a balcony.

As long as you have the plan BEFORE you sign a contract then you can decide whether to go ahead or not, even if the size has changed.

If the plan is revised after contract then the contract is no longer valid.

As far as I am concerned a contract should quote both gross and net size, but these figures must always be approximate (maybe upto 5% variance).
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[mtrtnik]

I put in my contract that if size differes for more than 3% of the one stated in contract developer needs to return money or I need to pay additional sum. Developers return full price per m2, I pay only 80% of original price per m2.

[realestatemart]

Originally Posted by tommyt

I have bought a two bed apartment in the suleder development and have just received detailed plans with all the dimentions. I was originaly told the apartment would be 97 m2, on my contract it states 93 m2, I have worked out the area off the plans and this comes in at 80.43 m2. Also on the original floor plan it showed my apartment would have two balconies, on the detailed plan it shows only one, any comments.

if i were you iill speak to my agent and see the possibilities of getting what i sigend for if not i would ask for my money back and deal with honest people who deliver what is promised

[Mark .Y.]

Originally Posted by tommyt

I have bought a two bed apartment in the suleder development and have just received detailed plans with all the dimentions. I was originaly told the apartment would be 97 m2, on my contract it states 93 m2, I have worked out the area off the plans and this comes in at 80.43 m2. Also on the original floor plan it showed my apartment would have two balconies, on the detailed plan it shows only one, any comments.

Personally I would have accepted the drop from 97 to 93 if I was happy with the purchase. However dropping to 80 and losing a balcony suggests you are not getting the actual apartment you ordered (even if it still designated with the same original number) - that would be unacceptable to me and unless it was corrected I would want my money back.

Mark .Y,

[Mark .Y.]

Originally Posted by mtrtnik

I put in my contract that if size differes for more than 3% of the one stated in contract developer needs to return money or I need to pay additional sum. Developers return full price per m2, I pay only 80% of original price per m2.

Top idea for everybody eh - perhaps the agents can take this to the developers and ensure it is enshrined in everybodys contract, I would add a further caveat that the size cannot differ by more than, say, 6 or 7% of the original agreed meterage.

Mark .Y.