How accurate is the construction cost estimate?
The estimate provides a planning range based on quality tier and built-up area. Final costs depend on local labour rates, material prices, and project specifications.
Construction Cost Calculator
Estimate residential construction costs by area, quality, and location.
Construction Cost Calculator Formula
- Total Built-up Area
Built-up Area × Floors (converted to sqft) - Subtotal
Total Built-up Area × Cost per Sqft - Contingency
Subtotal × (Contingency % ÷ 100) - Estimated Total Cost
Subtotal + Contingency
Assumptions
- Cost per sqft values are indicative averages and vary by region and market conditions.
- Breakdown percentages represent typical residential construction splits.
- Contingency should cover design changes, price fluctuations, and unforeseen site conditions.
Frequently Asked Questions
What does built-up area include?
Built-up area typically includes all floor levels measured to external walls. Enter the per-floor area and multiply by the number of floors.
Why add a contingency percentage?
Contingency reserves budget for unexpected expenses such as scope changes, delays, or price increases during construction.