Renovation Costs Per Square Foot Calculator

Formula

To calculate the renovation cost per square foot:

\[ RCPSF = \frac{TCR}{TSF} \]

Where:

$ 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)

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.

Example Calculation

Let's assume the following values:

Total Cost of Renovation $ TCR $ = \$50,000
Total Square Footage of the Area to be Renovated $ TSF $ = 2000 sq ft

Step 1: Divide the total cost of renovation by the total square footage:

\[ RCPSF = \frac{50000}{2000} = 25 \text{ dollars per sq ft} \]