User Rating 0.0
Total Usage 0 times
Item NameQtyUnit CostTotal
$0.00
$0.00
Is this tool helpful?

Your feedback helps us improve.

About

Accurate estimation is the firewall between a profitable project and a financial disaster. Whether you are a general contractor bidding on a job or a homeowner planning a kitchen remodel, costs rarely stay linear. This "Item-Based" estimator allows you to granularly track expenses across categories like Materials, Labor, and Permits.

Crucially, this tool accounts for the "Unknowns" via a customizable Contingency setting. Industry standards suggest a 10-20% buffer for renovation projects to cover hidden rot, code upgrades, or price fluctuations. Your data is stored locally in your browser, allowing you to close the tab and return to your draft later without losing progress.

budget calculator renovation cost contractor tool build estimate project management

Formulas

The Total Project Cost (TPC) is calculated by summing individual line items and applying global multipliers:

Subtotal = ni=1 (Qtyi × Costi)

The Grand Total includes buffers:

TPC = Subtotal × (1 + Tax + Contingency)

Reference Data

CategoryUnitRange (Avg)
DemolitionSq Ft$3 - $10
FramingSq Ft$7 - $16
Drywall (Hang+Finish)Panel (4x8)$40 - $60
PaintingSq Ft$2 - $5
Flooring (Install)Sq Ft$3 - $12
ElectricalPer Opening$75 - $150
Contingency%10% (New) - 20% (Remodel)
Overhead/Profit%15% - 25% (Contractor)

Frequently Asked Questions

Construction is unpredictable. A contingency fund covers unexpected events like discovering mold behind a wall, price spikes in lumber, or design changes mid-project. Without it, you pay out of pocket.
Yes. The tool automatically saves your current line items to your browser's Local Storage. The data persists even if you refresh the page, as long as you don't clear your browser cache.
Labor can be estimated by "Unit Price" (e.g., $5 per sq ft to install tile) or by "Man Hours" (e.g., 40 hours x $60/hr). This tool allows you to enter either method by adjusting the Quantity and Unit Cost fields.
You must add permits manually as a line item. Permit fees vary wildly by municipality and project scope, often calculated as a percentage of the total project value.