BMT Construction Cost Calculator

We have leveraged our nearly 30 years of experience in property depreciation at BMT to create a Construction Cost Calculator. The tool is designed for small developers and property enthusiasts to easily estimate construction costs for various building types, including townhouses, residential apartments, office blocks, industrial warehouses and hotels.

By simply answering five easy questions, including the geographic area, square meterage, year of the build, level of finish and type of building you would like to construct, you can calculate the estimate for your proposed build.

The costs are calculated on a Gross Floor Area (GFA) rate. This is the standard measure used by councils, banks and property professionals, referring to the sum of the Fully Enclosed Covered Area (FECA) and the unenclosed covered area (UCA) of a building, measured in square metres.

The Fully Enclosed Covered Area encompasses all useable covered floor space, including garages, basements, stairs and all enclosed covered walkways alongside the exterior of a building.

The second element of the Gross Floor Area rate is the Unenclosed Covered Area. This includes any useable floor space that is not covered by a full-height wall. Items such as roofed balconies, open verandas, attached covered walkways and other trafficable, covered areas will be included in this calculation.

Estimating the construction costs of a proposed project can be useful for feasibility studies, construction cost planning and budget allocation. Start using the BMT Construction Cost Calculator today or download the app.