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Remodeling Cost per Square Foot

It is a good idea to get a quick estimate of addition and home remodeling costs before proceeding. The cost per square foot of remodeling space is a frequent way you can get this cost estimate. While it is a commonly used estimating method, it is not fool proof and you need to recognize its limitations before relying too much on the estimate this provides.
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Here is the way to calculate this estimate:
Square footage of the area to be remodeled X Cost per square foot
This is a quick and easy estimate; however, it is important to recognize that the cost per square foot can vary from $100 dollars to $700 dollars. This is a wide variation that can impact your estimate greatly. It could change a kitchen remodel estimate from $20,000 up to $70,000.
This represents the possibility of too great a variation in the estimate based on this formulation. The second step in the process is to weight the estimated calculation. This involves deciding on an economical, an average or a custom remodeling project and can change the cost per square foot of the calculation. For example, an economical remodel could involve $100-200 dollars per square foot. On the other hand, a custom remodel could cost $600-700 dollars per square foot. Including these factors provides you with a more accurate estimate. RemodelOrMove.com: Contractor Selection Workbook
Other factors that impact the cost per square foot include location of the remodel. Depending on where you live in the US, materials and labor costs will vary. It can even vary within a given state. This means that before you do your estimate, find out what the average cost of a square foot of your remodel is in your area for an economical, average or custom installation.
Your biggest decision in any project you do is which contractor you wish to hire. We have heard this issue asked of us many times on www.remodelormove.com. For this reason, we have gathered as much advice and information we can on finding the appropriate contractor. This tool is available to you at the following site:
http://www.remodelormove.com/shopping/view_product.cfm?pID=40
 Another aspect of remodeling that influences your estimated cost per square foot is the season. Many contractors have slow periods during the year. These are the times when their rates are lower and you can capitalize on that factor. 
Another factor you need to consider when calculating the cost per square foot is how much work you are willing to do yourself. These are jobs you can take on yourself that will impact your final estimate.
  • Project management
  • Designing the project
  • Doing the plumbing and electrical work
  • Doing your own framing
  • Doing your own clean up
  • Doing the demolition work
  • Providing the wallpapering and painting
There is a huge variation in the possibilities of cost per square foot estimates and there are other factors that impact the cost. It is therefore an easy process to consider that a simple estimated calculation is not reliable unless it is weighted and accounts for the above additional factors. There are some online calculators that factor in these issues. One of them actually takes into account the value of the work the homeowner will do themselves. You can find this calculator at www.remodelormove.com.
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