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.
Renovation costs for a same level extension are roughly between $60,000 and $200,000 depending on your situation, including material, labour and project management (ready to move in). As a rough guideline, earmark around $60,000 for a one-bedroom addition to your home. same level house extension in Australia will cost approximately $60,000 to $200,000+. Adding a room or extending your living area on the ground floor are affordable ways of creating more space.