This estimator tool will calculate the approximate economic impact based on your provided data.
How to Use the Calculator
To use the AECON Estimator, follow these steps:
- Enter the size of your property in square feet.
- Input the age of your property in years.
- Rate the quality of your property location from 1 to 5.
- Specify the number of bedrooms and bathrooms in your property.
- Enter the size of your garage in number of cars it can accommodate.
- Select the level of renovation required for the property.
- Click the “Calculate” button to get an estimated property value.
How It Calculates
The estimator uses multiple parameters to provide a comprehensive property value:
- Property Size: The base price is calculated per square foot.
- Property Age: Older properties depreciate in value.
- Property Location Quality: Better locations increase the base price.
- Number of Bedrooms/Bathrooms: More rooms increase the property value.
- Garage Size: Larger garages add value.
- Renovations Required: Properties needing renovations have adjusted values based on the level of renovation needed.
Limitations
While the AECON Estimator offers a detailed property value estimation, it has some limitations:
- Does not account for market trends or economic fluctuations.
- Assumes all other property conditions are average or typical.
- May not include special features like swimming pools, gardens, or additional structures.
Use Cases for This Calculator
Calculate Construction Costs
Enter the square footage, type of construction, and location to estimate the total costs accurately. The calculator will provide a detailed breakdown of labor, materials, and other expenses involved in the construction project.
Estimate Building Permits
Input the project details to get an estimate of the building permits required based on the location and type of construction. The calculator will factor in the permit fees and associated costs for a comprehensive estimate.
Determine Material Costs
Specify the type and quantity of materials needed for the project to calculate the total material costs. The calculator will consider current market prices and provide an accurate estimate for budget planning.
Assess Labor Expenses
Enter the project duration, workforce size, and average labor rates to estimate the total labor expenses. The calculator will break down the costs based on hourly wages or contract rates for cost evaluation.
Compute Equipment Costs
Input the list of equipment needed for the construction project to calculate the total equipment costs. The calculator factors in rental fees, fuel costs, and maintenance expenses for an all-inclusive estimate.
Factor in Overhead Expenses
Specify the overhead costs such as insurance, utilities, and administrative expenses to get a complete overview of the project expenses. The calculator will add these costs to provide a realistic budget estimate.
Include Contingency Funds
Add a contingency percentage to the total project cost to allocate funds for unexpected expenses or scope changes. The calculator will compute the contingency amount and adjust the overall estimate accordingly.
Calculate Profit Margin
Enter the desired profit margin percentage to determine the profit amount on the project. The calculator will calculate the profit margin based on the total project cost and provide insights into potential earnings.
Compare Multiple Estimates
Create and compare multiple estimates for different scenarios or design options to make informed decisions. The calculator allows you to adjust various parameters and instantly see the impact on the total project cost.
Generate Detailed Reports
Generate comprehensive reports with itemized cost breakdowns, charts, and graphs for better visualization and analysis. The calculator helps you create detailed reports for presentations or sharing with stakeholders.