Residential construction estimator is a method of evaluating the potential cost of construction by calculating material quantities and their costs with the help of market prices before initiating any construction activities. This process involves many calculations. Excel can be very handy for doing these calculations. In this article, we will walk you through easy steps on how to calculate residential construction cost estimator in Excel.

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## 3 Easy Steps to Calculate Residential Construction Cost Estimator in Excel

In this article, we will demonstrate 3 easy steps to calculate residential construction cost estimator in Excel. We will estimate **Material costs**, **Labour costs** and will prepare a **Summary** of all costs in detail which are discussed in the following subsection.

### Step 1: Calculate Material Cost for Residential Construction

In the first step, we need to create a table to calculate the** Material cost**. The table will contain 6 columns.

- First of all, create columns named
**No.**and**Materials**to add numbers and names of materials. - Next, we need the quantity and price per quantity to calculate the total cost of materials. To do that, add
**Quantity**,**Unit**, and**Unit CostÂ**columns.

- After creating all the columns, calculate the total cost of materials using the following formula.

`=D5*F5`

- Here,
**D5**refers to the**Quantity**and**F5**refers to the**Unit Cost**of**Steel**.

- Then,
**Autofill**the formula to estimate the price of all materials.

- After that, get the total material cost by using
**the SUM function.**The**SUM**function is,

`=SUM(G5:G16)`

- Hence, hit
**Enter**. As a result, you will able to calculate the total material cost, and the total material cost is**$161,335.00.**

**Read More: ****Project Cost Estimation Example in Excel (Create with Easy Steps)**

### Step 2: Estimate Labour Cost for Residential Construction

Now we will estimate the **Labour cost**. We will create another table for this purpose. This tale will have six columns.

- First, create two columns and name them
**No.**and**Labours**. Put the numbers and names of labours in these columns. - Next, we need a column that has the number of labours who worked in the construction.
- Then, create a column named
**Hours**along with another named**Per Hour Cost**.

- Now, to calculate the total cost of construction labour, use the following formula.

`=D5*E5*F5`

- Here,
**D5**,**E5**and**F5**refer to**Labours**,**Hours**and**Per Hour Costs**respectively.

- After that,
**AutoFill**the formula to the rest of the cells in column**G**.

- Further, we will calculate the total labour cost using the following formula.

`=SUM(G5:G10)`

- Hence, press
**Enter**to get your desired output.

**Read More: ****How to Perform Building Estimation and Costing in Excel Sheet**

### Step 3: Prepare a Summary of All Costs

Finally, itâ€™s time to prepare a summary of all the costs.

- First of all, input the total
**Material Cost**from the**Material Cost EstimationÂ**table. - Similarly, add the
**Labour**Cost from the**Labour Cost EstimationÂ**table.

- Then 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:__- You can 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.

**Read More: ****How to Make Cost Estimation Sheet in Excel**

## Conclusion

Thanks for making it this far. I hope you find this article useful. Now you know **how to calculate residential construction cost estimator**Â in **Excel**. Please let us know if you have any further queries, and feel free to give us any recommendations in the comment section below.