Enter the total home area (ft^2) and the cost per square foot to rebuild ($/ft^2) into the Replacement Cost Calculator. The calculator will evaluate and display the Replacement Cost. ## Replacement Cost Formula The following formula is used to calculate the Replacement Cost. RC = HA * CPSF • Where RC is the Replacement Cost ($)
• HA is the total home area (ft^2)
• CPSF is the cost per square foot to rebuild ($/ft^2) ## How to Calculate Replacement Cost? The following example problems outline how to calculate Replacement Cost. Example Problem #1: 1. First, determine the total home area (ft^2). The total home area (ft^2) is given as 1,500. 2. Next, determine the cost per square foot to rebuild ($/ft^2). The cost per square foot to rebuild ($/ft^2) is provided as 300. 3. Finally, calculate the Replacement Cost using the equation above: RC = HA * CPSF The values given above are inserted into the equation below: RC = 1500 * 300 = 450,000 ($)

Example Problem #2:

The variables needed for this problem are provided below:

total home area (ft^2) = 2000

cost per square foot to rebuild ($/ft^2) = 100 Entering these values and solving gives: RC = HA * CPSF = 200,000.00 ($)