Design Budget Calculator

Total Budget

USD

How to Calculate Design Budget

To calculate the total cost of your design project, follow these steps:

  1. Determine the Project Area: Measure the area of your project in square feet or square meters.
  2. Input Material Costs: Enter the cost per unit area for materials, such as flooring, paint, or furniture.
  3. Add Labor Costs: Include the cost of labor per unit area.
  4. Account for Additional Costs: Add any miscellaneous expenses like permits, tools, or delivery fees.
  5. Calculate: Sum all costs to get the total project budget.

Formula:

\text{Total Budget} = (\text{Material Cost per Area} + \text{Labor Cost per Area}) \times \text{Project Area} + \text{Additional Costs}

Example:

Imagine you’re planning to renovate a 500 sq. ft. living room.

  • Material Cost: $50 per sq. ft.
  • Labor Cost: $30 per sq. ft.
  • Additional Costs: $1,000

Using the formula:

\text{Total Budget} = (50 + 30) \times 500 + 1000 = \$41,000

Your total estimated budget would be $41,000.