What is Area Referencing?
Area referencing in real estate refers to the systematic process of measuring and categorising the floor area of a property to determine its usable, rentable, or gross area. We can accurately measure and present areas as requested or to globally recognised standards as laid out by the RICS, such as International Property Measurement Standards (IPMS). Accurately measured and presented floor plans ensure transparency in transactions, can help to avoid disputes, and help in benchmarking performance.
When do I need an Area Referencing Plan?
An area referenced plan is crucial for valuation, leasing, sales, planning, and property management – whenever it is important to know the exact area of a space.
Area Referencing Plan Deliverables
Plans delivered in the format of your choice – usually .dwg or .pdf. with clear demarcations of areas and a clear legend showing areas.
