Definitions (2) 1. A measure of the average distance between each of a set of data points and their mean value; equal to the sum of the squares of the deviation from the mean value. 2. In accounting, the difference between the actual cost and the standard cost for direct material, labor and overhead.
Whole-house remodels on homes less than 1,000 square feet generally cost about $18347, while it may cost $22417 to update a home of 1,000-2,000 sq. ft., $28904 for 2,000-3,000 sq. ft., and $36121 for homes between 3,000 and 4,000 sq. ft.
Every home remodel and renovation is different. Cost per square foot can vary depending on the age of the home, the size of the space being remodeled (e.g. an older house might have a smaller kitchen), and items like plumbing and electrical which can also raise the cost of a home remodel. On average, the cost per sq. ft can range between $100 to $1000. Luxury remodels can be double that price. The best way to get a cost estimate on any type of home remodel is to call a licensed remodeling contractor.