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.
Price Per Square Foot. According to Remodeling Magazine, the average home-office renovation runs $187.50 per square foot. This includes new cabinetry, countertops, added storage space, new carpeting, new drywall and modernized electrical wiring.You can find square footage by multiplying the length of a room by its width.Example: a 12-foot-by-12-foot room amounts to 144 square feet. The cost for renovation using Remodeling Magazine's average figure would be 144 times $187.50, or $27,000.rice Per Square Foot. According to Remodeling Magazine, the average home-office renovation runs $187.50 per square foot. This includes new cabinetry, countertops, added storage space, new carpeting, new drywall and modernized electrical wiring.