One of the most important factors to consider when you start a home renovation project is the budget and overall cost. However, due to the number of variables involved, home renovation cost per square foot is one of the most difficult metrics to determine.
Several factors impact your bottom line, ranging from the skill level and building techniques of your renovator to the grade of materials you choose and the intricacy of the design involved.
Now let’s discuss the home renovation cost factors in detail.
1. Architectural complexity will affect home renovation cost
If your remodeling is significant and necessitates the services of an architect, the first price variable to consider is design expenses.
These vary greatly depending on the architect you pick. On the cost side, you can employ an architect who will deliver a five or six-page drawing package with basic information to fulfill local building department permit requirements.
In this case, you’ll save money upfront, but remember that you and your builder must figure out all building methods, goods, finishes, and details on your own. Alternatively, you may employ an architect who will give 50 to 100 detailed drawings. Both expenses and quality are correspondingly greater in this case.
2. Scope of your home remodeling
Volume is another factor that must be considered when determining home renovation cost per square footage. A home with high ceilings will demand more materials and impact the complexity and kind of structural engineering necessary. The type of home renovation will also have an impact on your project’s overall cost.
In some cases, a steel structure may be required to provide enough support, raising the cost per square foot by $30 to $40.
3. Framing cost per-square foot
If your remodel calls for an extension or enlargement, you’ll need to evaluate framing expenses. Dimensional softwood timber is commonly used, although higher-end manufactured lumber will boost your frame expenses by $10 to $20 per square foot.
4. Windows and doors effect on home renovation cost
If you need to replace windows and doors as part of your remodeling, as for the cost of renovating windows, the basic double-glazed vinyl windows are around $7.50 per square foot.
The expense of upgrading to aluminum-clad wood windows is doubled. High-end glass windows and doors can cost up to $20 per square foot, plus installation fees.
5. Painting costs for a renovation
The quality of paint jobs might also differ significantly. A basic interior paint job for a 4,000-square-foot home may cost $20,000 to $25,000, while a better quality paint job where all surfaces are prepped and paint is applied with care and accuracy may cost $50,000 to $60,000.
6. Flooring materials cost
When it comes to flooring, the quality of the materials you choose can significantly impact the home renovation cost per square foot of your home. Carpet, composite flooring, and vinyl flooring may all be found and installed for as low as $5 per square foot.
Luxury homeowners typically pick gorgeous hardwoods, engineered materials, big tiles, or slab installations. These materials might raise expenses to $25 or $30 per square foot.
7. Millwork and cabinetry cost per-square foot in Toronto
Simple millwork packages, including cabinets in kitchen renovation, vanities in bathroom renovation, and stone or quartz worktops, can cost around $12.50 per square foot. Custom millwork-like built-ins with exotic coatings & surfaces and high-quality hardware are common in luxury houses.
This degree of skill and the quality of materials required can raise expenses to around $37.50 to $75 per square foot. Thus a typical 4,000-square-foot luxury home might cost between $150,000 and $300,000 for millwork packages.
8. Tile and stone work in home renovation cost
Tile is popular in mid-range houses in kitchen and bathroom, laundry room flooring, and shower or bathtub walls.
The average costs of installation and material for this tile are about $5 per square foot, but in luxury homes with additional tile, stone, or porcelain slabs, the cost per square foot can be $20 or more.
9. Electrical systems and lighting price
If your restoration includes redoing lighting systems, budget $8-$10 per square foot for basic LED spotlights, ceiling lights, switches, plugs, and so on, up to $20-$30 per square foot for more costly lighting fixtures and higher quality controllers.
10. How plumbing affects home renovation cost
If you need to modify or add plumbing to your home, simple plumbing rough-in costs per square foot around $10, and installing plumbing for fixtures, toilets, sinks, faucets, and so on costs about $3 to $4 per square foot.
A plumbing rough-in and fixtures in a luxury home with higher-quality materials and systems may cost $15 to $20 per square foot.
When renovating your home, there are numerous more elements of the home renovation cost that we haven’t covered today, such as adjustments to your house’s HVAC system, home improvement such as home automation and control systems, re-roofing expenses, and so on.
Still, the ten stated above are some of the most frequent things to consider for regular home renovation projects. The conclusion is that every component of your home renovation affects the final home renovation costs and return on investment.
The pricing range for home renovation costs in Toronto can differ based on unexpected costs, the quality of the items and materials used, plus the quality of the professionals installing them. Understanding this can assist you in prioritizing your renovation budgeting correctly.
First Canadian Construction Corp. provides high-quality and affordable home renovation services in Toronto for people who want to create their dream house. If you need our help to make your dream come to, contact us anytime you want.