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.
For a 4-bedroom flat, the cost of renovation can be in the region of $11,000 t0 $15,000. This is noticeably cheaper if you have to compare it against the price of renovating an old house. Therefore, if you live in an older house, know that it will require more materials and more labor, hence it will cost more.3).or a 4-bedroom flat, the cost of renovation can be in the region of $11,000 t0 $15,000. This is noticeably cheaper if you have to compare it against the price of renovating an old house. Therefore, if you live in an older house, know that it will require more materials and more labor, hence it will cost more.