Enter the total cost of renovation and the total square footage into the calculator to determine the renovation cost per square foot. This calculator can also evaluate any of the variables given the others are known.
- Basement Finish Cost Per Square Foot Calculator
- After Renovation Value Calculator
- House Flip Profit Calculator
Renovation Costs Per Square Foot Formula
The following formula is used to calculate the renovation costs per square foot.
RCPSF = TCR / TSF
Variables:
- RCPSF is the renovation cost per square foot ($)
- TCR is the total cost of renovation ($)
- TSF is the total square footage of the area to be renovated (sq ft)
To calculate the renovation cost per square foot, divide the total cost of renovation by the total square footage of the area to be renovated.
What is the Renovation Costs Per Square Foot?
Renovation costs per square foot is a common metric used in construction and real estate to estimate the cost of remodeling or updating a space. It is calculated by dividing the total cost of the renovation by the total square footage of the area being renovated. This cost can vary greatly depending on the type of renovation, the materials used, the location, and the complexity of the project. It provides a useful baseline for comparing the costs of different renovation projects.
How to Calculate Renovation Costs Per Square Foot?
The following steps outline how to calculate the Renovation Costs Per Square Foot.
- First, determine the total cost of renovation ($).
- Next, determine the total square footage of the area to be renovated (sq ft).
- Next, gather the formula from above = RCPSF = TCR / TSF.
- Finally, calculate the Renovation Costs Per Square Foot.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
total cost of renovation ($) = 5000
total square footage of the area to be renovated (sq ft) = 1000
