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. As you can see above, the average kitchen renovation project costs approximately $18,000. The total price varies tremendously depending on a myriad of factors, with materials having the largest effect. For example, tile counters start at $6/sf, but concrete countertops go all the way up to $55/sf.