Ultimate Guide for Luxury Home Renovation in Toronto
The benefits of a luxury home renovation in Toronto are many. Firstly, it allows you to customize your space more to fit your needs and wants. Your home becomes more comfortable and efficient, and you can tailor it to suit your lifestyle and daily routine. Additionally, if done correctly, it increases the value of your home and attracts potential buyers when you list it. The cost of luxury home renovations can vary from $100 to $250 per square foot, depending on the details and materials you choose. If you want to keep your expenses at a reasonable level, Astaneh Construction knows exactly where you can cut costs and still achieve what you want. With this ultimate guide for home and kitchen renovation from Astaneh Construction, you will be able to organize the process and save your sanity.
What is the cost of a luxury home renovation project in Toronto?
The cost of a luxury home renovation project in Toronto could range from $100 to $250 per square foot, depending on the type of room you remodel, where you live, and whether you are comfortable using a hammer (for DIY projects). For example, if you are renovating a 20 by 30 foot or 600 square foot location, the renovation cost will range between $60,000 and $150,000.
Depending on several factors, such as the number of rooms in the house, the amount of work, materials, and the size of the renovation, the cost of a luxury home renovation in Toronto project can vary widely. If you decide to build a bowling alley in your basement or put a Jacuzzi on your roof, the cost of your luxury home renovation in Toronto project will obviously be very different.
How do people go over budget and time?
Renovating an existing house is not the same thing as building a new one. During a luxury home renovation in Toronto project, there is a lot of uncertainty. If you hire the right contractor/builder, a luxury home renovation in Toronto project usually goes according to your plan without any hiccups. However, there are many unknown factors in a renovation project that can affect its time and cost significantly.
Let’s say you want to renovate your bathroom and update the vanity. This could be an easy job that takes two days and costs $3,500. However, when the contractor removes the old vanity, he discovers the old vanity had a leak for years, and the wall behind it is fully deteriorated and molded. Now, the total cost to fully repair the wall will be twice what was initially estimated, and it will take 4 days to complete. It is only a simple challenge that can occur in any home or kitchen renovation project, and you need to make sure that you and your contractor are prepared to face these obstacles.
What are the steps for a luxury home renovation in Toronto?
Before you begin your home remodel and swing the first hammer, you should familiarize yourself with the steps of any renovation project:
Before beginning any home or kitchen renovation, it’s important to plan the entire project from start to finish, as well as to create a list of everything you want the renovation or construction to accomplish. When you have a limited budget, prioritize items on your list and make necessary cuts. Choose as many finishes as possible before construction begins so your contractor will understand your vision better and remain on budget.
Be realistic about the amount you will need to spend on the project. If you have questions about the costs involved, hire a professional and qualified contractor or builder like Astaneh Construction. It is their responsibility to lay out all costs and give you detailed insights into their quotes and estimates.
Manage your budget
Always keep an eye on your expenses to stay within your budget. If an area of the project goes over budget, try to come in under budget in another.
Get more than one estimate
Make sure to get another estimate if the estimate for the work is higher than the one you set as an allowance. Check online reviews and ask family and friends to recommend contractors who specialize in the kind of work you need. You may get the same job done for less money this way.
Figure out if there is a need for a building permit
Generally, a building permit is required if the renovation has an impact on the building’s performance or if it is an addition to the building. The performance of a building can be affected due to the luxury home renovation in Toronto projects. For example, if the building was designed initially for only one dwelling unit, but now you decide to convert it into three dwelling units. In this case, the performance of the building will be lower because there will be more occupants and, therefore, a higher fire and safety risk. Therefore, you have to apply for a building permit.
Although you need to be cautious not to overspend, you also need to maintain a flexible overall budget so that you can account for unforeseen circumstances. For instance, a rise in material costs can negatively impact your budget, or an item you choose is not available when you need it may end up costing you more than expected.
Research on finishing and furnishings
A wide range of interior and exterior finishes are available to you. Sometimes a lower-cost finish can create the same appearance as a more expensive one. Due to this, it is vital to do your research on finishes and shop around for the best deal during a home or kitchen renovation project.
Plan your layouts
Making adjustments to the layout of your home can be difficult later on. Therefore, make sure the design is exactly how you want it to be right from the beginning. In that way, it will fit your lifestyle.
Take your time when planning
Before starting your home or kitchen renovation, consider all the factors that will affect your home into account and plan carefully in order to achieve successful results. While planning, do not let unforeseen issues ruin your positive attitude towards the project. Use your plan as a guide and adjust when necessary.
A luxury home renovation can be a stressful job and may require professional assistance. By hiring a licensed and experienced builder like Astaneh Construction, you are able to build your dream home with ease. Astaneh Construction does everything from luxury home renovation in Toronto project to new construction for a complete makeover of your house. Their home renovation projects cost approximately $100 to $250 per square foot, depending on the materials you select.
Meanwhile, their kitchen renovation services start at $40,000 and go up to $150,000 based on the size of the cabinets, the type of countertop, and all the extra fixtures. You will be glad to know that Astaneh Construction has recently won the Consumer Choice Award for 2021. Astaneh Construction will help you save time and money with your home or kitchen renovation project, as well as ensure you get the most out of your renovation budget.
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CEO & FOUNDER OF ASTANEH CONSTRUCTION
I’m a veteran renovation professional with a range of whole house renovations under my belt, including kitchen renovation, basement renovation, and bathroom renovation at the highest level in Toronto.
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