When you decide to hire a contractor to help you with a home renovation, the first step is to have the contractor provide a quote or an estimate for the price of the project. Many homeowners choose to request multiple quotes from different contractors, because most contractors will provide this service for free. Homeowners throughout the Greater Toronto Area often choose to accept the quote offered by the Reno Pros because we provide clear and understandable information along with trusted services.

What can you expect from a home renovation estimate? You will be given a document that outlines the price that you will likely pay for the house renovation project that you have requested. There are two main factors that are calculated in order to provide you with this estimation.

Building Materials Needed for Home Renovation

Typically the largest cost listed on an estimate will be the materials cost. When consulting with you regarding your project, your contractor should take detailed measurements. These measurements are used to determine how much material will be needed for flooring, painting, drywall, and other elements of the project.

The types of materials that you plan to use for your project, as well as the amount of space that is being remodelled, will make a large difference in the cost. Contractors will also factor in the cost of other materials that are needed throughout home renovation project, such as caulk, cement, nails, and other fundamental items.

Labour Costs for All Man Hours

When you work with a professional home renovation team, you are also paying for the skilled team that will be working on your project. While some contractors may charge a flat rate for different types of projects, many estimate the number of hours it will likely take to complete the job and use this number to calculate the number of payroll hours that will need to be covered.

Why Do Contractors Mark-Up Prices?

You may be thinking that you can save money by purchasing materials and completing the work yourself because contractors mark-up the prices when they give you a quote. It is important to remember, however, that contractors need to cover additional overhead costs, such as training and insurance costs, in order to provide a superior product to their customers. By paying for a contractor to complete your project, you enjoy a better, trusted end result.

Will the Cost of the Project Change?

In most cases, the cost that you see on your estimate is the price you ultimately pay for your project. However, there can be unforeseen surprises during the construction process, such as hidden damage that needs to be repaired, that can cause the price to change. Your contractor should keep you aware of any changes before the work proceeds.

Requesting a Quote for Home Renovation

To work with a contractor that will be transparent with you regarding the costs of your home renovation project, contact the Reno Pros in Toronto to request a free estimate.