This tool helps you easily estimate the cost of remodeling your home.
Home Remodel Calculator
Use this calculator to estimate the cost of your home remodeling project. Enter the details for each section below and click ‘Calculate’ to get your estimate.
Parameters
- Area (sq ft): The total area in square feet you plan to remodel.
- Flooring Cost per sq ft ($): Cost of flooring per square foot.
- Painting Cost per sq ft ($): Cost of painting per square foot.
- Plumbing Cost per sq ft ($): Cost of plumbing per square foot.
- Electrical Cost per sq ft ($): Cost of electrical work per square foot.
- Miscellaneous Cost ($): Additional costs (e.g., permits, fittings).
How to Use It
Fill in all fields with your estimated costs per square foot for each aspect of the remodel and any additional costs. The calculator will sum the total cost of the remodeling project based on the inputs provided. Click ‘Calculate’ to get the total remodeling cost.
How It Calculates
The total cost is calculated based on the following formula:
total_cost = (area * (flooring_cost + painting_cost + plumbing_cost + electric_cost)) + misc_cost
Limitations
Please note that this calculator is for estimation purposes only. Actual costs may vary depending on many factors, including the quality of materials and labor costs in your area. Always consult with a professional contractor to get a precise quote for your specific needs.
Use Cases for This Calculator
Calculate Total Cost of Materials
Enter the quantity of each material needed for your home remodel project and their respective prices to get the total cost of materials. This will help you budget accurately and make informed decisions when purchasing supplies.
Estimate Labor Costs
Input the number of hours and hourly rate for the labor required for your home renovation project. The calculator will provide you with an estimate of the total labor costs. This ensures you have a clear breakdown of expenses.
Determine Total Cost of Appliances
Specify the appliances you plan to purchase for your home remodel, along with their prices. The calculator will sum up the total cost of appliances, allowing you to gauge how much you’ll need to allocate for them in your budget.
Calculate ROI
Enter the estimated increase in the value of your home post-remodel and the total cost of the renovation. The calculator will compute the Return on Investment (ROI) percentage, helping you assess the financial benefit of your remodeling project.
Forecast Tax Deductions
Input any potential tax deductions or credits applicable to your home renovation, such as energy-efficient upgrades. The calculator will project the tax savings you could receive, assisting you in planning your finances effectively.
Compare Different Financing Options
Enter the loan amount, interest rate, and term of various financing options available to you for your remodel. The calculator will display the total repayment amount for each option, enabling you to choose the most cost-effective financing plan.
Estimate Project Timeline
Input the start date of your home remodel and the estimated duration in weeks. The calculator will generate the projected completion date, helping you schedule contractors and plan your living arrangements during the renovation.
Calculate Square Footage Costs
Specify the total square footage of the area you’re remodeling and the overall project cost. The calculator will compute the cost per square foot, allowing you to make adjustments to stay within your budget or upscale your design if needed.
Analyze Payback Period
Enter the total cost of your home renovation project and the monthly savings you expect to achieve. The calculator will determine the payback period, indicating how long it will take for the project to pay for itself through cost savings or increased home value.
Adjust for Contingency Fund
Allocate a percentage of your total budget as a contingency fund to cover unexpected expenses during the remodel. The calculator will adjust your overall costs by factoring in the contingency fund, ensuring you have a safety net for any unforeseen circumstances.