How much is the cost of home renovation in GTA?
Once you have an idea on scope of your renovation work, it’s time to get cost estimate for your budgeting . Any renovation estimate contains material cost and cost of labor. As a rule of thumb, In GTA the average cost of renovation is something between $30-$40 per square foot, followings are factors that you should be considered in any estimation.
What included in cost per square foot estimation?
When estimating price per square foot, the scope of work usually includes the following:
- Basic Demolishing
- Framing and structural changes like load-bearing frame works
- Insulation and drywall
- Electrical wiring including outlets and switches
- Heating/cooling systems
- Remaining visible materials like fixtures in kitchen and bath
Factors that increase your per square foot cost
If you renovation involves any these following changes then you should consider higher rate of renovation per square foot
Renovation with layout change
Removing walls, re-routing plumbing lines, rewiring electrical, changing HVAC layout automatically increase cost per square feet by 15-20%. For this type of transformative works, you‘ll need architectural design by a registered architect and approved permit from the city.
Renovation for “Wet” spaces
In typical cost break down “dry” spaces like living room and bedrooms cost 30% less than “wet” spaces such as kitchens and baths
Renovation that require design
If your renovation requires structural change like changing load-bearing wall or adding an addition you will need architectural design for your renovation that can add $3-$6 extra to per square feet cost
Renovation that requires Permit
Based on type of your renovation you might be required to submit a request for permission in your local city hall. Even though this request fee is not a big line item compare to your overall cost on average can add extra $300 to your budget
As you can see, many factors go in into per-square-foot estimation. If you are trying to come up with a plan to match your budget, consider following tips
When you selecting material, choose high quality materials for areas that have higher visibility .for example you may chose a handmade tile for kitchen backsplash while sticking to an off-the-shelf option for secondary bathroom
Make sure the plumbing and electrical jobs are done by the code
You need licensed and qualified experts for these jobs. If you don’t, you may deal with pricey problem in long term.
Focus on areas with highest resale value
Spend your money on kitchens and bathrooms!! These rooms have the most return on your investment when it comes to home resale
Avoid doing the costly DIY
As it might be tempting to do some DIY to save money on your overall cost, in reality it will be costly since hiring professional to finish your DIY , in most cases results in redoing the work and waste of your time and materials
Consult experts upfront
If you are planning to hire an architect or designer for you major renovation, getting him/her on board early on may help to save money on your project by mapping out more of a clear plan to avoid changes mid-stream. In general, hiring licensed professional will prevent insurance headache later on With home renovation, it can be difficult to be guided by per-square-foot costs of past projects. Get in touch with GTA Contractors so you can get tailored estimates for your project from our experts!