How to Calculate Construction Cost Per Square Feet (2024)

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September 9, 2021

Constructing a house is a huge task. You have to be on your toes with almost everything that is happening around, the cost, raw materials, labour, resources and every minute detail. When you are handed over the task to oversee everything, it is most likely that you will start with the cost factor. I will share how to calculate construction cost per square feet with you here so that you have a good head start.Give your house a stylish and elegant look at an affordable rate by contacting NoBroker Home Interior expertsRenovate your house at a minimal cost by availing NoBroker Home Renovation Service nowHow to calculate per square foot construction costThe house construction cost per square feet is determined on the basis of the location of the house, material used, quantity of the materials used, size of the plot, labour cost, architect cost and many other factors.The cost of construction depends on the quality of material as well. Higher the quality, the higher the prices. The basic formula to calculate construction cost per square feet is:Cost of construction = area of plot x construction rate per sq ft.To arrive at the construction rate per square foot, you must include the following:

  1. Construction material: Cement, steel, sand, gravel, finishing, color, tiles, bricks, fittings, windows, doors, plumbing, sanitary, and electrical.
  2. Labour cost
  3. Engineer / architect fee
  4. Contractor profit

There are many online calculators available out there which will help you arrive at the exact figures of construct cost per square feet.Some of the top construction cost calculators are as follows:

How to Calculate Construction Cost Per Square Feet (5)

How to Calculate Construction Cost Per Square Feet (6)

Aashna Sharma

102022-07-29T18:48:10+00:00 July 29, 2022

I know one easy and convenient way to calculate the construction cost per square foot. Because when I was constructing my house, I used this method to get the house construction cost. Let me guide you through.Get on a call with experienced designers from NoBroker to save your house construction costs.Get a home loan from NoBroker to let you complete your house construction work.

How to calculate the construction rate per square feet?

Aakarsh*t’s method is also quite good to calculate the cost. But I know one of the easiest methods. It's incredibly easy to calculate the price per square foot of construction. You only need to know the project's overall construction cost and square footage.Example: If you are constructing a building that is 1600 square feet in size and your construction budget is Rs.3,00,000. You would divide that amount by 1600 to get Rs.187.5 per square foot (300,000/1600=187.5). This is a standard approach to figuring out how much it costs to construct a house per square foot. This will help you with how to calculate house construction cost.

What is the average construction rate?

Construction costs are lower when building a house in an urban region. Where building supplies are conveniently accessible and priced competitively. On the other hand, the cost of construction will increase if you are building any project in a rural area. Where there is a shortage of building supplies and a requirement for transportation.For example:The typical price per square foot for construction is between Rs.800 and 1600.It can occasionally be divided into the following groups:

  • Low-Quality Construction: Rs.800 per square foot
  • Normal Quality Construction: Rs.1100 per square foot
  • Medium Quality Construction: Rs. 1300 per square foot
  • High-Quality Construction: Rs.1600 per square foot.

Now you can calculate the construction cost per square foot.Read More:How to calculate GST on the under-construction flat?How to calculate GST on under-construction commercial property?How to calculate pre-construction interest in house property?How to calculate house construction costs?

How to Calculate Construction Cost Per Square Feet (7)

Arpita C

82023-05-22T09:46:08+00:00 May 22, 2023

My husband had a plot, but during COVID, we were unable to get our dream house constructed on it. However, in 2022, we started the task of constructing our own house. We are from a middle-class family, so we tried to know what the construction rate per square feet with material to get an estimate of the total cost. We asked a builder about it and he explained that the cost will depend on several factors like-

  • What type of materials we are using
  • How thick walls we want
  • The kind of style and architecture we were going to have and more

The construction rate per square feet without material will also be different, so we had to know both. In fact, I suggest you all do these calculations before starting with the construction. Let me share with you some insightful details on this topic.How to calculate square feet for house construction?To calculate the square feet for house construction, all you have to do is multiply the length and width of the area. For example, if the length and breadth of the plot are 40 feet by 30 feet respectively, the square footage will be 1200 sq ft.What is the building construction cost per square feet?On average, I learned that the construction cost depends on the quantity of the construction as well. So here is the price list mentioned by the builder-

Quality of constructionPrice per sq ft
Low-Quality Construction750 Rs./Sq. ft.
Normal Quality Construction1000 Rs./Sq. ft.
Medium Quality Construction1200 Rs./Sq. ft
High-Quality Construction1500 Rs./Sq. ft.

The basic idea of how to calculate house construction cost per square feet should be clear to you now. I hence believe it is better to ask some expert to give you an idea about the costs exactly. Without knowing the place, materials, quality and more aspects of construction, the construction rate per square feet with material cannot be determined.Opt for NoBroker to get quality home renovations that exceed your expectationsRead More:How much Construction Cost for 10 10 Room?What is the cost of construction per sq ft?How to reduce cost of construction?

I personally like homes that are individually designed and built. However, I know the fact that before we start, we should be aware of the procedure's direct and indirect estimate cost of construction per sq ft. An investment estimate would be helpful even though construction costs may vary between states depending on the site, labour costs, and raw material outlays. Continue reading to learn first floor construction cost per square feet.

Understanding residential construction cost per sq ft

To understand the average construction cost per square foot, it is important to understand the different stages of house construction. A house is constructed in many stages: RCC stage 1, Finishing stage 2, Decor stage 3, and Handover stage 4.

  1. RCC stage 1: Excavation, Backfilling, Concreting (Beam-Columns, Slab, Lintel, Chajjas, Footing, Coping), Shattering, BBS, Curing, etc. are all included in the first RCC stage.
  2. Finishing stage 2: Masonry, plaster, colour work, electrical wiring, plumbing, fabrication, glass work, door-window fittings, flooring, false ceiling, kitchen point, dedo tiles, etc. are all included in the second finishing stage.
  3. Decor stage 3: The third stage of decoration includes curtains, plantation, furniture, wallpaper, and ornamental paints.
  4. Handover stage 4: The testing of a home for habitation is known as the "handover stage," which also includes some minor or unfinished remodelling work.

Average price per square foot calculation

ExpensesAverage Expenditure for a 1,000 sq ft home
ArchitectRs 15,000 onwards
Brick wall construction (without RCC)Rs 800 per sq ft
Brick wall construction with RCC)Rs 900 per sq ft
Civil workRs 1,500 per sq ft
Building construction labour rate per square feetRs 2,500 per sq ft
Raw material costRs 7 lakh onwards

So, in India, estimate cost of construction per sq ft for a 1,000 square foot home can run you around Rs 12 lakh.Revitalize your space with NoBroker's remarkable renovation solutions.Transform your home with NoBroker's captivating interior designs.Read More:How Much Construction Cost for 10 10 Rooms?What Is The Construction Cost Of A Luxury House in India?How to calculate house construction costs?

As an architect, I can surely tell you that the construction rate per square feet with material can vary depending on a number of factors, including the location, the type of building, the quality of materials used, and the labor costs. But usually, this rate can range between Rs. 1,500 and Rs. 5,000 per square foot for a basic building with materials. Let me share with you a few of such factors that affect the construction rate.

  • Location: The construction rate in major cities is typically higher than the construction rate in rural areas. This is because the cost of land and labor is higher in major cities.
  • Type of building: The type of building also affects the construction rate. For example, a commercial building will typically cost more to build than a residential building.
  • Quality of materials used: The quality of materials used also affects the construction rate. For example, using high-quality materials will increase the construction rate.
  • Labour costs: This cost can vary depending on the location and the type of building. For example, the labour cost to build a commercial building will typically be higher than the labour cost to build a residential building.

How to calculate per square feet rate?

To calculate construction cost per square feet in India, you can use the following formula:Cost per square feet = Total construction cost / Area of the buildingThe total construction cost includes the cost of materials, labor, and other expenses. The area of the building is measured in square feet.For example, if the total construction cost is Rs. 30,00,000 and the area of the building is 2,000 square feet, then the construction cost per square feet will be:Cost per square feet = 30,00,000 / 2,000 = Rs. 1500This is how to calculate construction area.Get your home renovated through NoBroker Renovation Services.Choose NoBroker home interior services and get your home furnished.Read More:How to calculate house construction cost?How to Calculate Pre Construction Interest in House Property?How to calculate GST on under construction property with examples?

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How to Calculate Construction Cost Per Square Feet (10)

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How to Calculate Construction Cost Per Square Feet (2024)

FAQs

How to Calculate Construction Cost Per Square Feet? ›

Price per square foot is typically calculated by dividing the purchase or list price of a home by the overall total square footage of the home. For example, if a 1,000 square feet home is priced at $200,000, the price per square foot is $200. Price per square foot is a metric frequently used in real estate.

How can I calculate cost per square foot? ›

Price per square foot is typically calculated by dividing the purchase or list price of a home by the overall total square footage of the home. For example, if a 1,000 square feet home is priced at $200,000, the price per square foot is $200. Price per square foot is a metric frequently used in real estate.

How do you accurately estimate construction costs? ›

Construction Cost Estimating: A Step-By-Step Guide
  1. Review bid package.
  2. Conduct a site visit.
  3. Perform a material takeoff.
  4. Solicit pricing from suppliers and vendors.
  5. Evaluate labor requirements.
  6. Determine insurance and bonding costs.
  7. Calculate overhead and indirect costs.
  8. Account for profit and contingency.
Jun 20, 2024

How to calculate square feet in construction? ›

Multiply the length by the width and you'll have the square feet. Here's a basic formula you can follow: Length (in feet) x width (in feet) = area in sq. ft.

What is the formula for cost to complete in construction? ›

Calculations: Revenue to date = % complete * Contract price. Cost to date = Cost to date from previous year + Costs incurred in current period. % complete = Cost to date / Total estimated costs.

How to calculate construction cost? ›

What is the formula to calculate construction cost? To calculate the construction cost, you simply need to multiple your area value by the construction rate per square feet or square metre. The construction rate depends on various factors such as the plot's location, potential cost of labour and raw materials, etc.

What should be included in cost per square foot? ›

The following materials and services are often, but not always, included in the price per square foot calculation for a custom home:
  • Land.
  • Plan Drawings.
  • Permits.
  • Site Development.
  • Foundation Work.
  • Framing.
  • Exterior Materials & Installation.
  • Plumbing and Electrical Work.

What is the most reliable method of estimation used in construction industry? ›

The cubic method of estimating, or cube rate cost estimate, is an effective strategy for working out cost estimates for multistorey buildings. This type of estimate involves multiplying the volume content of the building by a rate/m3.

What's the best method to estimate the cost of? ›

5 main methods of cost estimating
  • Analogous estimating: Uses past data or projects that are similar to estimate costs.
  • Parametric estimating: Costs are calculated using mathematical models and statistical analysis depending on specific variables.

What is the square rule in construction? ›

3-4-5 Rule Layman's Terms:

If the short side of the triangle is 3 feet, and the leg that extends from it 90 degrees is 4 feet, the hypotenuse, or longest leg, will be 5 feet. This technique simply requires that the carpenter create a triangle in the corner of the lines that are to be square (90 degrees) to each other.

What is square foot estimating method? ›

What is a Square Foot Estimate? In simple terms, square foot estimates use an historical cost per unit, which is one square foot, and multiply that cost by the total number of square feet a building is expected to be.

How do you solve per square foot? ›

As a homeowner, you can calculate your home's price per square foot by taking the purchase price of the home and dividing it by the square footage of the home. If you purchase a home with 1,500 square feet for the same price, the cost per square foot would be $166.67.

What is the formula for cost estimate? ›

The goal of each cost estimation method is to estimate fixed and variable costs and to describe this estimate in the form of Y = f + vX. That is, Total mixed cost = Total fixed cost + (Unit variable cost × Number of units).

How do you calculate estimated cost to complete? ›

Estimate to complete can be calculated using bottom-up cost estimation, which involves adding all the costs on the tasks remaining. It can also be calculated using the following formula: ETC = EAC - Actual Cost.

What is the square foot method of cost estimating? ›

What is a Square Foot Estimate? In simple terms, square foot estimates use an historical cost per unit, which is one square foot, and multiply that cost by the total number of square feet a building is expected to be.

How do you factor price per square foot? ›

The calculation is simple: Divide the price of the property by its total floor space in square feet (ft²). For international readers, it's important to note that 1 ft² = approximately 0.0929 m2.

How do you calculate profit per square foot? ›

Gross sales is equal to your total revenue for the accounting period minus any returns you've received. Once you've calculated your store revenue, divide it by the square footage of the retail location that you're evaluating. (Store Revenue/ Retail Space in sq. ft.)

How do you calculate price per square foot for material? ›

Calculate the amount per square foot. Divide the total costs by the total area. In the example, the amount per square foot of the project is $0.90, since $45, the total costs for the project, divided by 50 square feet, the area of the project, is 90 cents per square foot.

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