Cost Per Square Metre Extension Formula:
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Cost Per Square Metre Extension (CPSME) is a metric used in construction and renovation projects to calculate the cost efficiency of building extensions. It helps compare project costs and budget effectively for additional space.
The calculator uses the CPSME formula:
Where:
Explanation: This simple division gives you the cost per square meter, allowing for easy comparison between different extension projects.
Details: Calculating cost per square meter is essential for budgeting, comparing contractor quotes, and ensuring value for money in construction projects.
Tips: Enter the total cost of your extension project and the area in square meters. Both values must be positive numbers.
Q1: What costs should be included in the total cost?
A: Include all construction costs: materials, labor, permits, and any additional fees associated with the extension.
Q2: How accurate is this calculation for budgeting?
A: It provides a good estimate for comparison, but actual costs may vary based on materials, location, and project complexity.
Q3: Does this include furniture and interior design?
A: Typically, CPSME refers to construction costs only. Furniture and interior design are usually calculated separately.
Q4: What is a reasonable CPSME for home extensions?
A: This varies significantly by location, materials, and project scope. Research local construction costs for accurate benchmarks.
Q5: Can I use this for commercial property extensions?
A: Yes, the formula works for any type of construction project, though commercial rates may differ from residential.