home renovation contractors

Are you looking for home renovation contractors for your home? Visit our website for more tips about renovations for your Basement | TROCanada Home Renovation

Make Your Custom Homes and Renovations Ideas a Reality

Are you looking forward to turning your dream home into a reality? Having custom-built homes with the help of a reliable and trusted home renovation contractor can be an option that you can consider. Planning home renovations can be a tricky improvement project to do alone, so all the help you can get counts when making your dream lifestyle custom homes into a reality. Having home renovation ideas can also help you out as a homeowner in planning your ideal custom-built home, such as custom homes in Toronto.

What are custom-built homes?

A custom-built home is a house that a hired architect explicitly designed for your preferences. A custom home is built based on your specifications rather than a predesigned plan without a homeowner’s involvement in the process. With the help of home renovation companies, the entire process of planning and building your dream home will be focused on your visions, your wants, and your available budget. The homeowner is more hands-on in the decisions when it comes to the process of building their custom home.

Renovation Ideas for your custom-built home

If you’re looking for some renovation ideas for your custom-built home, having a home renovation guide can help you out in your planning process. Every detail should fit well to your preferences and taste, all while being both fun and functional.

Here are some renovation ideas that you can consider for your custom-built home.

  • Green options

Sustainable and environmentally-friendly options are becoming more present in households nowadays as part of the fight against the environmental problems that we currently face. The responsibility of living sustainably as possible lies in us, and here some ways that your home can contribute to becoming eco-friendly.

  1. Solar Energy

Having a renewable energy source for your home can help reduce electricity bills. It is the best option to consider for the long term if you live in a climate with few rainy days.

  1. Eco-friendly Light Fixtures

You can also consider having light fixtures made from recycled and eco-friendly materials such as bamboo or iron.

  1. Green Appliances

Opting for appliances that have reduced energy consumption also help you save water and electricity.

  • Maximizing Floor Space

There are also some tips that you can apply to make the most out of your home space. These tips on maximizing the home space you have can help you eliminate junk drawers or closets in any room of your home.

  1. Secret Doors

Adding a secret door in your household can help you eliminate wasted space, and it can even give you more privacy.

  1. Collapsible or Sliding Furniture

If you do not have a lot of home space, you can opt for collapsible furniture that transforms into something else. This furniture option can be a handy addition to a guest room or home office.

  1. Built-in storage

There are also available furniture options with built-in storage, such as couches, benches, and tables. This hidden storage can help you save more space and lessen clutter in your home.

  • Fun and functional additions for your home

Having simple additions that are fun and functional at the same time can change the entire vibe of your home. While it is essential to prioritize your home’s function, you can also opt to add fun touches that make your home a relaxing space.

  1. Reading nook

If you’re an avid reader, you can add a reading nook with cushions, pillows, lamps, and natural light sources to make your reading experience at home more relaxing and cozy.

  1. Sunroom

You can freely bask in the sunlight without worrying about bugs and the heat of the outdoors with a sunroom that can be a breakfast room or a garden room.

  1. Skylight

A skylight that can offer free lighting also helps free up your home space, making it more light and open.

Make Your Custom Homes and Renovations Ideas a Reality (infographic)

How Much Do Home Renovations Really Cost?

Home renovation is not a cheap venture. The cost is one primary concern of homeowners, whether they decide to do it themselves or enlist the help of home renovation contractors. Surprise costs, delays, and other things that may pop up during home remodeling may shock new homeowners who are not yet fully aware of how much these improvements might cost them.

There’s also the harsh possibility that remodeling plans and expectations won’t be the same in reality. According to the 2019 CIBC Home Renovations Poll, 49% of Canadians have home renovation plans in 2019 with an average budget of over $10,211. Additionally, 39% of them went over budget. Now comes the question of how much the budget should be for home renovations?

Factors that Influence Home Renovation Costs

Several factors affect home renovations’ cost, making it higher or lower than the expected amount of a homeowner’s budget.

  • Size of the house

Renovating a larger home space entails a homeowner spending more money on the home improvement project.

  • Age and condition of a house

Home renovations for an old house may reveal more expensive costs, such as replacing old knob-and-tube wiring, old lead pipes and removing the buildup of asbestos in the house over time.

  • Home renovation contractor

The choice of renovation contractor can greatly affect the total cost of their home improvement project. While hiring an established and trusted renovation contractor requires more money, a home renovation loan can help in shouldering the costs so the job can be done more easily.

  • Parts and materials

While the quality of materials used for the home renovation can affect the overall costs, budgeting should not come at the expense of compromising the home renovation project itself.

The Estimated Cost of Home Renovations

  • Kitchen Renovation Cost: $25,000 to $50,000

Findings from Trulia’s “Remodeling on the Rise” survey stated that kitchen remodeling is the most popular among homeowners. Depending on the renovation scale, kitchen remodeling can cost you around $25,000 to $50,000. Kitchen renovations do not come cheap, as the Appraisal Institute of Canada recommended that a homeowner allocate 10% to 15% of the expenses for the renovation’s overall value.

  • Bathroom Renovation Cost: $9,000 to $15,000

Renovating a home’s bathroom is always a good investment that can impact the value of your home in the long run. Trulia’s survey also stated that a bathroom renovation is the second most popular home remodeling project among homeowners.

The cost of bathroom renovations, with an estimated cost of around $9,000 to $15,000, mostly depends on several factors such as the updates to the bathtub, shower system, toilet, vanity, sinks, faucets, tiles, flooring, and light fixtures. A bathroom update can also involve plumbing, electrical work, or even knocking down walls for a change in the bathroom layout.

  • Bedroom Renovation Cost: $5,000 to $10,000

The price for a bedroom renovation depends mostly on the scale and the overall look you aim to have for your home. With improvements such as replacing carpet for hardwood, painting the walls, or simply updating the look of your bedroom space, this could cost you an estimate of over $5,000 to $10,000.

  • Basement Renovation Cost: Over $10,000

Renovating your home basement can be a big job, and they can get really expensive, amounting to an estimated cost of around $10,000 or higher. Giving your basement a makeover can involve installing drywall, insulation, flooring, lighting, and even making storage and moisture-proofing your basement space.

Even though a basement renovation can be expensive, it also helps increase the overall value of your home in the long run.

  • Painting Cost: $2,000

            A fresh coat of paint for the walls of your home can do wonders, as it offers an easy and generally inexpensive way of brightening up your home space. The overall cost of painting your home is dependent on the size of the space, brand and quality of the paint, and labor expenses.

  • Flooring Cost: $3,000

            Several factors like the type of flooring, home size, and installation quality can lower or raise the flooring cost in your home renovation project. Removing old flooring and addressing issues of this removal can also add to the renovation expenses.

How Much Do Home Renovations Really Cost? (infographic)

Scroll to top
Contact Us
close slider

    Looking to hire a renovator you can trust?

    The quality of our work is proven & the results will WOW you!

    Take advantage of our 10 year Transferable Warranty!

    What is 7 x 8 ?