This tool calculates the estimated cost to replace your home accurately and efficiently.
How to use the Home Replacement Cost Calculator
The calculator helps estimate the cost of replacing your home based on several parameters:
- Square Footage: The total livable square footage of your home.
- Location Cost Modifier: Adjusts cost based on the region (e.g., 1 for average cost area, 1.2 for high cost area).
- Build Quality: Determines the quality level of the build (e.g., 1 for standard, 1.3 for luxury).
- Architecture Complexity Modifier: Accounts for the complexity of the architecture (e.g., 1 for standard, 1.5 for complex).
- Number of Floors: Specifies how many floors your house has.
- Garage: Indicates if there is a garage (1 for Yes, 0 for No).
- Extra Amenities Modifier: Adjusts for added amenities (e.g., 1 for none, 1.2 for some).
Enter the values for each parameter and click “Calculate” to get the replacement cost and the cost per floor.
Calculations & Limitations
The calculator uses a base cost per square foot and adjusts it with the provided modifiers to estimate the total replacement cost. The total cost is then divided by the number of floors to get the cost per floor.
Note: This calculator provides an estimate and should not be used as the sole figure for replacement cost decisions. Factors like local construction rates, specific material costs, and individual contractors’ charges can vary the final cost.