Housing.com-Loading factor in apartments: A guide for homebuyers
When buying an apartment, understanding the technicalities of the purchase is crucial, especially terms like the loading factor. This term directly influences how much living space you get versus what you pay for. For Indian homebuyers, knowing the loading factor can help make more informed decisions, ensuring the balance between cost and usable area. So, read on to know about the meaning of loading factor, its significance, components and formula.
What is the loading factor?
The loading factor refers to the percentage of the super built-up area attributed to shared spaces, such as lobbies, staircases, and amenities. It bridges the gap between the carpet area (usable space) and the super built-up area (total space for which the buyer is charged). Builders often express it as a percentage, reflecting the value added by common areas to the property.
