Cost of Renovations in 2022
You want to make some changes to your living space?
A renovation of your home is a dream of yours and would like to know if the cost of a renovation is still in reach for you?
The cost of materials, labour and sub-contractors have increase, in the last year, but so has the cost of living. However the trend is showing a slowing down of the inflation and a stabilization of the cost and even a decrease in some costs. The pandemic has done a lot of ravages throughout many spheres of peoples lives. Including shortage in labour.
If you want to renovation or build, it is still time. The cost of living will only increase over the next decade. So NOW is always the best time to invest. When renovating, it is just important to not go over what your budget allows you.
So PLAN - PLAN - PLAN! Plan by contacting the city to know the delays and costs Plan by calling your contractor of an idea of price for what you have in mind and PLAN by contacting an architect to draw you plans, with your budget in mind, in order to be best prepared!
Also it is important to note that your finitions will have a MAJOR impact on your final budget. So there is always a way to renovate Smart and on Budget.
Here are the cost of a few potential project you might have in mind: 1- Home Extension & Floor Addition 2- Garage Construction 3- Major Renovation 4- Conversion of a Multiplex into a Family Home 5- Kitchen Renovation 6- Basement Renovation 7- Bathroom Renovation 8- Solarium - 4 seasons 9- New Home Construction
Here is an idea of price for each of these projects to allow you to plan better. **Please note that these are starting price. A client can decide to have more pricy finishings and therefor will increase the price.
1- Home Extension & Floor addition:
Calculate around $ 300 per square foot * This also depends on whether we are starting with a new foundation or an already existing one.
Roughly $ 225 per square foot * This depends on what kind of use you will be making of it and the foundation.
Calculate around $ 225 per square foot * What will differ here is the amount of structural work that will be needed, if you need to do any plumbing and electricity work / move, structural work beams to add or take out, open plan area wanted, floor levelling, ceiling levelling and more.
4- Conversion of Multiplex into a Family Home
Calculate around $ 300 per square foot * What will differ here is the size of your conversion, the materials used, the amount of plumbing and electricity your will change / move, structural work, floor levelling and more.
Between $ 200 and $ 275 per square foot * Several factors will affect the final price of your new kitchen. Here are the most important ones to consider: The size of your kitchen, the materials or your cabinets (wood, melamine, etc.), the countertops (quartz, granite, melamine, etc.), the finitions (plumbing, lighting, flooring, backsplash, electrical appliances, sinks, electrical finish, and more.) 6- Basement Renovation:
For a turn key basement, with a bathroom, plan between $ 200 and $ 250 per square foot. The finitions of your bathroom will create a difference in price and the amount of rooms you will want. Another possible price changer is of you'd like to have a radiant floor in your basement. This will definately be cost efficient, but will affect the price.
A good average price is between $ 200 and $ 300 per square foot.
Finitions have an impact of the final cost.
Between $ 175 and $ 200 per square foot (4 Seasons)
Roughly $ 275 per square foot for a new construction of great quality and insurance, with finitions of quality. For anything high end, you could easily double the price. The beauty with this type of project, if done completely by your contractor, you will have a much longer insurance for the work done.
10- A Few More...
- Doors and Windows: PVC: Calculate an average of about $ 1,200 per window, installed. Aluminum: Calculate an average of about $ 1600 per window, installed.
You can opt for several types of exterior siding. Masonry, vinyl, wood, aluminum and more. The factors are very numerous. Calculate between $ 5 and $ 60 per square foot for your exterior cladding.
* It is important to note that all work done in a renovation is and should be covered for the labour for a year.
If you decide for a new construction, you can have a coverage of up to 5 years.
* Prices also vary depending on the materials and finishes used. (Low, medium or high end) * Prices will also vary if you finish your project on the "rough" or a "turnkey" project.
* All renovation projects are subject to a price fluctuation of more or less 10-15%. This is due to surprises, unforeseen events and / or changes along the way. * When comparing quote and choosing a contractor, it is tempting to use the services of a contractor that costs as little as possible, but it is important to carefully evaluate these and make sure the same values are compared.
Finding a Trustworthy Contractor in Montreal It is not always easy to find a contractor you can trust, but it is the main key to a successful renovation project.
Lineaire general contractor has proven year after year that they can be trusted and have the right experience to create a masterpiece for you. You can visit their website at: www.lineaireconstruction.com or contact them at 514-686-0661.
Have a good renovation project! The Team of Lineaire General Contractor