How Much Does It Cost to Renovate Your Home in Hamilton?
Like most construction projects, home renovation costs in Hamilton can vary depending on several factors including the size of the project itself. Below, we explore some factors that affect the cost of your home renovation and list some tips for how to stay within budget.
Factors That Affect the Cost of a Home Renovation
Regardless of your budget, there are several major factors to consider when planning a renovation project. The entire home renovation cost tends to dictate the extent of work that will be done. For most home renovations in Canada, the average labour costs can range from $100 to $200 per square foot.
Material Upgrades
Not all construction materials are created equally. Some materials are of higher quality or in higher demand, which could increase the overall cost of the renovation. It's important to consider what materials you are willing to invest in for your remodel. Different sorts of flooring, cabinetry, tiles, and finishes, for instance, will all come with different price points. Knowing which materials will last longer and still fit into your target budget should be taken into consideration for anyone facing a renovation project.
Scope of Work
With home renovation services, the extent of the work involved can also have a major effect on the cost of the entire project. There is a world of difference in the cost associated with adding an extension to the house in comparison to renovating a bathroom. Also, keep in mind that with older home renovations, you may need to dedicate a large portion of the budget to bring the electrical, plumbing, and HVAC systems up to code.
HVAC System
If the home renovation includes the installation of an HVAC system, the cost can increase the budget above the original number due largely in part to the complexity of the work required. In addition, the size of the home and the number of heating/cooling units required can also drive up the costs.
Landscaping Renovation
A home extension/addition requires a large portion of the budget to be dedicated to the preparation of the landscape of the property. Trees, structures, dirt, and large rocks may need to be removed before any foundation can be prepared for the renovation project. You might also need to remove or temporarily replace objects and gardens to make room for the machinery needed for the extension work.
Site Geography
The location of the house is crucial when estimating the budget costs as supply costs vary across the country and even the province. For homes in rural settings, the cost of transportation and access to supplies may be more than for a house near the source of the supplies. Competitive pricing can come into play with home renovations.
Turnaround Time
Instant results equate to higher costs. As with most of life’s luxuries, shortening the turnaround time of a home renovation can see the budget jump. A home contractor will have access to a number of workers and needed supplies over a certain period as other projects are also being done at the same time. If they need to hire more workers and quickly access supplies within a short time, homeowners can expect to pay higher costs.
Required Permits and Fees
Whether the home renovation is an addition or extension of the home or involves making changes to the original structure, permits are required in rural and urban locations. A kitchen renovation requires permits for the readjustment and installation of new plumbing and wiring while a whole home renovation can require several types of permits. Fees for these permits will be included in the contractor’s costs which, in turn, increase the expected budget.
Seasonal Factors
In Ontario, extreme heat and severe winter storms can delay or halt renovation labour work and/or supply chains. Aside from certain times of the year when there is an increase in business in the construction field, cultural holidays can also affect the ability to have work done within particular dates. Increasing the budget may help avoid delays by hiring more people.
Unrealistic Expectations
Having unrealistic expectations when it comes to a renovation project can be detrimental to the success of the project. Homeowners who overestimate what their budget can allow or underestimate the amount of time and effort needed for remodelling can bring about unexpected costs and delays. Even with detailed blueprints, if budgets are not properly set in advance, there is potential for expensive upgrades along the way.
How to Make Your Home Renovation Budget-Friendly?
Home renovation can be a necessity, but it can also be expensive. With the right planning, they don’t have to break the bank! Start by making a list of all the areas in your home that need an upgrade and then research each item to determine how much it will cost.
Discuss with your contractor your desire to use materials that are offered at a lower price but still are of good quality. Reusing materials for the renovation and using recycled materials can help lower the budget costs. Many home improvement services offer recycling services for discarded materials.
Divide the budget-friendly materials into the categories of “must-haves” and “would be nice”. Prioritize the essentials needed for the home such as new appliances, a new electrical system, or new windows before adding in the high-tech movie theatre or bowling alley.
The best and most cost-effective solution to any home renovation project is hiring the right contractor. A reputable renovation contractor will help plan and design your renovation project within a timeframe and budget that meets the needs of the home occupants.
Contact Beyond the Site to Get a Quote for Your Home Renovation Project
For a reputable contractor for your home renovation, contact Beyond the Site! We are a full-service heating and renovation company that can take care of all your home improvements and home services. Call us at (905) 541-5888 to learn more about our renovation services.
