Remodelling Calculator

How to Use the Remodelling Cost Calculator

This guide provides a step-by-step explanation on how to utilize the Remodelling Cost Calculator to estimate the cost and time required for your remodelling project. Follow the instructions below to input your project details and retrieve an estimate.

Step 1: Enter Project Details

• Total Square Footage: Enter the total square footage of the area you plan to remodel. This value must be between 50 and 10,000. Ensure you input a correct and precise value for accurate calculations.
• Project Type: Select the type of project from the available options:
  • Kitchen Remodel
  • Bathroom Remodel
  • Basement Finishing
  • Whole House Renovation
• Quality Grade: Choose the quality grade reflecting the materials you intend to use. Options include:
  • Economy (Basic Materials)
  • Standard (Mid-Grade Materials)
  • Luxury (High-End Materials)
• Location Cost Factor: Select the factor that corresponds to your location. Options are:
  • Rural Area
  • Suburban Area
  • Urban Area
  • Metropolitan Area
• Project Start Date: Pick a date for your project’s commencement. The date should be between January 1, 2024, and December 31, 2025.

Step 2: Review calculated Results

Upon entering the required data, review the following calculated fields to understand the financial and temporal aspects of your project:

• Base Price: This is the initial estimate based on square footage, project type, quality grade, and location.
• Labor Costs: An approximation of labor expenses, typically comprising 40% of the base price.
• Material Costs: An outline of material expenses, generally making up 60% of the base price.
• Contingency Budget (10%): A contingency budget set at 10% of the base price to accommodate unforeseen costs.
• Total Estimated Cost: The sum of the base price and the contingency budget, giving the overall financial outlook of the project.
• Cost per Square Foot: A breakdown of overall costs per square foot of the project, providing a useful metric for comparison.
• Estimated Duration (Weeks): The duration, in weeks, it is projected to complete the remodeling based on the selected project type.
• Estimated Completion Date: The anticipated date of project completion, calculated by adding the estimated duration to the start date.

Conclusion

Utilizing this Remodelling Cost Calculator enables effective project planning and financial management. By accurately providing the input details, you can achieve a reliable estimation of costs and time frames tailored to your specific renovation objectives.