How Much Home Can My Money Buy?

In January 2014, the average American home was $322,800.

How much does $322,800 but you in Bozeman, Montana?

How much does $322,800 but you in Three Forks, Montana?

How much does $322,800 but you in Belgrade, Montana?

Now, let’s take a look at getting the  for your buck…

Method I: Calculating Cost per Square Footage of the home you are seeking to buy.

Square Footage Cost Formula:

Total Square Footage = Length x Width
Total Cost = Length x Width x Cost per Square Foot

Cost per Square Footage is a quantitative approach if you are looking at your money buying you space. The value of that space will be highly variable.

Method II: The qualitative variables involved in figuring out how to get the most for your money relies on seeing the inside of a home and looking at features. This step, getting the valuable square footage, is a step that can be greatly assisted by having a real estate agent on your side. Many agents have been inside of the homes you are looking at online. Additionally (sadly) many of the photos online consumers see do not represent the home to its fullest capacity.

So how much home can your money buy you? Take a look HERE for your initial research. Then run the math and contact an agent so you can get inside your new home!