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What Costs Are Included in a Home Renovation Estimate?

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.

Customer Testimonials
Great Service For Great Clients

Here are a few testimonials from our satisfied customers

Steve Gillingham
Steve Gillingham
2021-03-05
Awesome people very friendly good ethics
I L
I L
2020-02-13
Reno pros are truly pros at what they do. Originally I didn’t know that they do residential jobs, I contacted Roman. He made the rest of the process seamless and with minimal stress for me and my family. Roman priced me for an addition as well as a full interior reno. A full scale design and build project, including drawings and permits. Completion took about 7 months, when everything was finished, I couldn’t be more pleased. Highly recommended. Cheers to the Reno Pros team!
Vache Zakarian
Vache Zakarian
2019-12-18
Roman made, what is generally an ordeal, a very pleasant and easy experience. He always answered my calls and even reached out after the project was done to make sure everything was ok. Their work was nothing short of perfection both in timeline and workmanship and Roman was incredibly pleasant to deal with. Thanks for making the entire construction process simple and stress free. I highly recommend anyone on the market for a contractor to contact Roman and his team.
Martin Feldman
Martin Feldman
2019-09-16
Roman and his team did an awesome job -very professional, reliable, safe, clean and the quality of the work was superb! Will for sure be using them again for other projects!
Jonathan Wu
Jonathan Wu
2018-11-27
Alex is friendly and knowledgeable. He came to my house and gave a quick quotation. He finished work on time with high quality. His price was fair. I am very happy with the new basement ceiling. I will hire them again in the future if needed.
Paul Armstrong
Paul Armstrong
2018-11-26
I wanted to thank you, not only for the beautiful job you did, but also for you and your crews competence on the product and installation. I absolutely love my new drop ceiling and back splash in the kitchen. It was a trying time for us, as you know, but you respected my house as a "home" and I wanted to let you know that I appreciate all you did. Thank you!
Lee Wuying
Lee Wuying
2018-11-16
Hired these guys to install drop ceiling in my office. Wonderful crew and a wonderful finished product. Alex and Valera worked under a realistic timeline making appropriate adjustments based on my schedule.
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You probably have a lot of questions about a potential home renovation you would like to start. Reach out to us and let’s start a discussion.

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