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.
The total cost to demolish and rebuild a house is highly variable, but expect the total project costs to range from $70,000 for a modest home in an affordable part of the country to $500,000 or more for complicated, large-scale house demo-and-rebuild projects in more expensive parts of the U.S.