If you are tired of looking for the cost of construction calculators for your residential project, as most of the available online construction cost calculators are not customizable, we are pleased to present to you a construction cost estimate excel template. Calculate construction costs in an excel sheet template.

Calculate Construction Cost

Calculating the cost of construction for your project is the first and the most essential step in the development of your house. The estimate will provide you with an understanding of the scale of development and will allow you to set expectations for yourself and for your design consultants. This step’s importance can not be emphasized enough. It so happens that most new homeowners or developers rush the stage of pre-design and move into the design of their residences without an understanding of costs, and soon it is realized by the homeowner that the architect/contractor is unable to provide the desired intent. Hence we GAW Consulting focus on pre-design development and moreover provide Pre Design Services to help homeowners create the initial development and feasibility study for the project. For carrying out exact estimates for your specific requirements and location please contact us.

The construction cost estimate excel template provides more details and options than the available online calculators. The calculator has the option of developing according to your designed segment of development such as affordable, value, premium etc. In addition to the segment, the calculator has an option for selecting the height, foundation depth and facade intent required. Accordingly, the calculator will provide with cost per sq. ft. The only input required at your end is to enter the construction area. If you do not know how to calculate construction area, we welcome you to discuss your project with us for further work.

1. Enter construction area

Enter the construction area in a yellow highlighted cell for calculating construction cost. The construction area is also known as a built-up area. The construction area consists of all carpet areas, plus common areas such as staircases, lobbies, service areas etc. To calculate the construction area one would either need a plan or an estimate from previous development or experience. Usually, a sufficient area corresponding to the tune of 50% to 75% of carpet area can be considered as additional loading to arrive at the construction area.

2. Select the building type

Furthermore, the differentiation factor for calculating the cost of construction through the calculator is the type of development. One could choose from luxurious, premium or affordable types of development. Other important factors in deciding the construction cost are the height of the building, foundation depth and facade type.