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.
Kitchen Renovation Cost Guide. The kitchen is one of the most popular rooms to renovate because it yields a high return on investment. Any money you spend on a kitchen renovation is money you can expect to see back in higher resale values. So, whether you're building a new kitchen, renovating an existing kitchen or making a few updates, you're making a sound decision. The average cost for a kitchen renovation depends on many factors -- including the size of the kitchen, the quality of the materials and the complexity of the job.