Cost per Sq Ft Formula:
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Cost per square foot is a common metric used in construction and real estate to compare the relative cost of building projects. It's calculated by dividing the total cost of a project by the total square footage.
The calculator uses the simple formula:
Where:
Explanation: This calculation gives you the average cost for each square foot of your addition, allowing for easy comparison between projects.
Details: Knowing your cost per square foot helps in budgeting, comparing contractor bids, and assessing the value of your home improvement investment.
Tips: Enter the total project cost in dollars and the square footage of your addition. Both values must be positive numbers.
Q1: What's a typical cost per square foot for home additions?
A: Costs vary widely by location and materials, but typically range from $100-$300 per square foot.
Q2: Does this include all costs?
A: For accurate results, your total cost should include materials, labor, permits, and any other project expenses.
Q3: How does this compare to new construction costs?
A: Additions often cost 10-20% more per square foot than new construction due to existing structure considerations.
Q4: Should I use this for budgeting?
A: It's a good starting point, but get detailed estimates as costs can vary significantly based on design and materials.
Q5: Does this account for different room types?
A: No, this is an average. Kitchens and bathrooms typically cost more per square foot than bedrooms or living spaces.