Home renovation costs vary a great deal depending on the size of the project, number of rooms being renovated, the type of home, materials, and so forth. For some homeowners, buying a new home might be a better option than having their current one renovated. On the other hand, having at least one room remodeled can increase the overall value of a current home considerably.

It’s best to hire an experienced, licensed, and insured contractor rather than a cheap contractor who is less experienced. You will save more money in the long run, even if the initial cost of hiring a reputable contractor is higher.

Also, you can save money if you are flexible about the scheduling, and are able to combine related projects.

Here is an overview of some of the costs associated with renovating a Toronto home.

Roofing

Roof materials and services such as asphalt (felt base), new roof sheeting (plywood or waferboard), roof rolling, painted membrane, and sprayed polyurethane foam tend to be the least expensive. Slate, aluminum, vinyl coated steel shingles, built up tar and gravel, and clay or concrete tiles are more costly but will last much longer. In addition to the materials, tools and labour costs must be factored in. Additional expenses may include flashing and chimney reconstruction.

Exterior

The cost of exterior renovation may range from $10,000 to $20,000+, depending on the size of the home. Brick homes cost more to renovate than stone, wood, and aluminum homes. Renovation may include anything from painting to damp proofing. Your garage, porch, pool deck, landscape, and/or basement may also require some type of remodeling. Don’t forget windows, either. The cost to replace windows depends on the type of glazing, material, size, etc.

Interior

Factors affecting the cost of interior home renovation include:

• Room size
• Paint and trims
• Storage
• Flooring
• Windows
• Lighting
• Materials
• Number of rooms requiring remodeling
• Ceiling
• Doors

Obviously, larger rooms will require more materials, time, and labour. In bedrooms, flooring installations may range from a few hundred dollars to a few thousand. The type of flooring also contributes to the price – especially if old floors need to be removed and replaced.

The cost of interior renovation also depends on how much of it you want done. Do you simply want new flooring installed? A single room remodeled? New plumbing? Lighting? Or do you want the entire house fixed up and renovated?

The Kitchen

Since the kitchen is considered the “heart” of the home, it’s not surprising that it’s the most expensive room to renovate. It can cost several thousand dollars. Cabinets make up one-third to one-half of the total cost, followed by labour and appliances, countertops, flooring, and then plumbing fixtures, lighting, tiling, etc.

A surface-level renovation is significantly less costly than a full-scale remodel.

The Bathroom

A mid-range bathroom remodeling project averages around $10,000 – $12,000. The average project includes new toilet installation, integrated double sink and vanity, ceramic tile floor, wallpaper or paint, tub surrounded by tile, moving fixtures, countertops, and various fixtures and amenities.

Overall Cost

To determine overall home renovation costs, you will need to consult with contractors to establish an estimate. Working with an experienc