Enter the total home area (ft^2) and the cost per square foot to rebuild ($/ft^2) into the Replacement Cost Calculator. The calculator will evaluate and display the Replacement Cost.
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Replacement Cost Formula
The following formula is used to calculate the Replacement Cost.
RC = HA * CPSF
- Where RC is the Replacement Cost ($)
- HA is the total home area (ft^2)
- CPSF is the cost per square foot to rebuild ($/ft^2)
How to Calculate Replacement Cost?
The following example problems outline how to calculate Replacement Cost.
Example Problem #1:
- First, determine the total home area (ft^2). The total home area (ft^2) is given as 1,500.
- Next, determine the cost per square foot to rebuild ($/ft^2). The cost per square foot to rebuild ($/ft^2) is provided as 300.
- Finally, calculate the Replacement Cost using the equation above:
RC = HA * CPSF
The values given above are inserted into the equation below:
RC = 1500 * 300 = 450,000 ($)
Example Problem #2:
The variables needed for this problem are provided below:
total home area (ft^2) = 2000
cost per square foot to rebuild ($/ft^2) = 100
Entering these values and solving gives:
RC = HA * CPSF = 200,000.00 ($)
