# How to Calculate Residential Construction Cost Estimator in Excel: 3 Methods

### Method 1 – Calculate Material Cost for Residential Construction

• Create columns named No. and Materials to add numbers and names of materials.
• We need the quantity and price per quantity to calculate the total cost of materials. Add Quantity, Unit, and Unit CostÂ columns.

• After creating all the columns, calculate the total cost of materials using the following formula.
`=D5*F5`
• D5 refers to the Quantity, and F5 refers to the Unit Cost of Steel.

• Autofill the formula to estimate the price of all materials.

`=SUM(G5:G16)`
• Hit Enter. You will be able to calculate the total material cost, which is \$161,335.00.

### Method 2 – Estimate Labour Cost for Residential Construction

• Create two columns and name them No. and Labours. Put the numbers and names of labourers in these columns.
• We need a column with the number of labours who worked in the construction.
• Create a column named Hours along with another named Per Hour Cost.

• To calculate the total cost of construction labor, use the following formula.
`=D5*E5*F5`
• D5, E5 and F5 refer to Labours, Hours and Per Hour Costs.

• AutoFill the formula to the rest of the cells in column G.

• Calculate the total labor cost using the following formula.
`=SUM(G5:G10)`
• Press Enter to get your desired output.

### Method 3 – Prepare a Summary of All Costs

• Input the total Material Cost from the Material Cost EstimationÂ table.
• Add the Labour Cost from the Labour Cost EstimationÂ table.

• Insert all the other costs of the construction and find out the total construction cost using the SUM function. The SUM function is,
`=SUM(C4:C8)`

Notes:
• Create additional rows and columns to add more items to the table.
• Be careful when giving cell references or you will get the wrong results.

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Alif Bin Hussain

Alif Bin Hussain earned a BSc in Civil Engineering from Bangladesh University of Engineering and Technology. As an engineering graduate, he has a deep passion for research and innovation. He loves to play with Excel. In his role as an Excel & VBA Content Developer at ExcelDemy, he not only solves tricky problems but also shows enthusiasm and expertise in handling tough situations with finesse, emphasizing his dedication to delivering top-notch content. He is interested in C, C++,... Read Full Bio

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