Owning a home is everyone’s dream, but getting it customized to your preferences is much more fulfilling.
If you feel that your home needs improvement, you are not alone. About 50% of Canadian homeowners renovate their homes every year.
But before you engage a contractor to renovate your home, getting an estimated cost is crucial. It will help you avoid the inconvenience of starting a project and getting stuck in the middle.
The following tips will help you estimate the cost of your home renovation project.
What Are Your Goals?
When planning a renovation project, you have the goals you want to achieve. They could include a more spacious living room, a modern kitchen or new paint in your interior.
These goals should help you calculate your home renovation cost. Note that the cost can vary depending on the quality of materials you choose.
To achieve better results without financial constraints, choose materials that suit your needs without compromising on quality.
What is the Size of Your Project?
The cost of renovating your house also depends on the project size. If you want extensive remodelling that includes changing fixtures like cabinets, painting surfaces and working on the exterior, the cost will be higher.
Therefore, talk to your contractor about your project size and the materials you want to use. They will help you get an estimate of the renovation cost, including the labour charges.
Projects similar in size can have different costs depending on the choice of materials and design. Besides, different contractors can quote differently depending on expertise.
If you get an estimate from your friends who have undertaken similar projects, ensure you confirm the estimates from a professional. This will save you the agony of meeting additional costs as your project progresses.
What Do Different Contractors Quote for the Project?
Planning and budgeting for a home renovation project form the foundation of the process. But your contractor will determine the overall cost.
To get a reasonable cost, you should consult at least 3 to 5 contractors and compare their prices. But remember, the lowest quote is not always the best.
Be sure to ask for each contractor’s previous work and get reviews from other customers. This will help you get an expert who suits your budget and meets your renovation goals.
3 Ways to Estimate Renovation Cost
1. Estimating Cost By Room Type
The cost of renovating some rooms is more than others. For example, improving your sitting room is cheaper than modifying your kitchen or bathroom to a modern design.
This results from the extensive plumbing and electrical fixtures required in these spaces. Moreover, you need more labour input and craftsmanship to achieve the results you desire.
Here is a sample of cost estimates for renovating different rooms.
|Room Type||Renovation Cost Estimate|
|Dining room||About $2,000|
The above costs can differ depending on the materials you are using and the contractor you engage.
2. Estimating Cost By Project
You can also estimate renovation costs per project. For example, if you want to add light fixtures throughout your property or a new room to your house, getting an overall estimate is easier.
When estimating the cost per project, you need to include the cost of materials, labour and hidden expenses. Therefore, it is better to window-shop for your preferred materials to get their prices, and know the quantity you need.
If you have difficulty estimating the quantity of material you need, your contractor can help.
Here is a sample of renovation costs per project.
|Project||Renovation Cost Estimate|
|Air conditioning||About $4000+|
|Exterior siding||About $15,000+|
3. Estimating Cost Per Square Foot
Some contractors prefer quoting the renovation cost per square foot. Whether you want to remodel some rooms or upgrade your entire house, you can use this method to make a budget.
The cost per square foot for an entire house is about $10-$250. The cost, however, differs for different rooms and is higher for kitchen and bathroom renovation.
Get Affordable Home Renovation Services
Your home should be a haven of peace and comfort for your family. Therefore, you should constantly upgrade it to offer your loved ones the heaven on earth they deserve.
At Burt Renos, we provide residential and commercial renovation and remodelling services in Chilliwack and its environs.
Contact us today about your home renovation project and let our experts transform your space to your specifications.