toronto basement renovation and finishing
Cost of Basement Renovation in Toronto
Additional variables affecting how much the renovations will cost include the scope of the renovation project, how you plan to use the space and the types of materials you choose to use.
The basement area in a home offers great value. This is why many homeowners are choosing to invest in their basements and transform them into a space that best suits their family’s needs. Basements are one of the most highly-valued rooms in homes because there are so many things you can use the space for.
Remodeling refers to the upgrading of a room – in this case a basement – that includes things like furnishings, windows, walls and floors. While the cost to renovate your basement may add up, many people are often surprised at how affordable it can be.
At Martel Group, we take every measure to ensure that the cost of your reservation remains affordable. We are up front about our costs and will explore ways to ensure that your project is completed within budget. In addition, we handle all clean up and the labor required during remodeling.
How Much Do Basement Renovations Cost?
The cost to finish a basement
At RenoDuck Renovations, we firmly believe that the overall size of a basement is not the only crucial factor in establishing the total cost of a basement renovation project. Labor cost is among the essential factors to consider. Though DIY basement renovation might seem like a more affordable option, it might cost you more in the long run. Especially if you’re not familiar with the specific building codes and regulations that must be adhered to during basement renovations.
So, what drives the expenses up? Depending on your preferred renovations, you may need pipes installed for bathroom set up and kitchen (if you choose to install one). You need an expert who can handle cabinet installation and an electrician to take care of the electric cable installation. In addition, you require an expert in flooring and drywall, as well as a painter to ensure your basement walls are stunning. Then, you need to factor in the cost of your preferred materials and the specific furnishings you choose.
Whatever you have in mind when you think about a ‘finished basement’ may also influence the overall cost of the project. If you intend to have a bathroom in the basement, do you need a half bath or a full one? Do you prefer a basic furniture set, an exercise machine or a pool table? Do you plan to keep the concrete floor or desire to install a hardwood floor or carpet? Your responses to these questions reflect your preferences, and this will influence the amount you are likely to spend on your project.
As mentioned earlier, there are specific building codes and regulations to follow when renovating your basement. These are likely to increase the cost of your basement finishing. For instance, if you intend to turn your basement into a living space, you must add an emergency exit. This exit is separate from the stairway that connects the main part of your property to the basement. It can be an egress window or a door. Remember, the emergency exit must comply with the local construction codes in terms of dimensions.
Most communities use the International Code Council as a default code for all basement emergency exit rules. The code requires that a basement with a bedroom must have an extra door or egress window and rescue exits or openings in every sleeping room. The property owner may also be required to include other emergency openings in the living room (within the basement). Though you might be worried about the higher costs of basement renovations, these strict rules help keep you and other people who access your basement safe in case of an emergency like a fire.
Cost Associated With Basement Renovations
There are various costs to consider at different stages in the renovation process. If you are installing a bathroom or kitchen in your basement, the first thing you need to factor in is plumbing.
Plumbing
You’ll need to have a connection to a water supply and sewage lines for your bathroom. This will require hiring a professional plumber and paying for the costs associated with establishing the water and sewage lines needed. Sometimes walls have to be opened up to facilitate a water or sewer line that is convenient and may cost less.
Building permits
If you are making changes to your home, your renovation project will most likely need to be approved by your local government authority before any work can begin.
Inspections
This is something you will need to have done if you are adding a bathroom to your basement. Once all the plumbing work is completed, an inspection is necessary to ensure the work done is up to par with regulations established by your municipality. Any electrical work done in connection with the renovations will also need to be inspected. This is very important because an electrical fire can break out in your home and cause damage that an insurance company may not cover. You can expect some costs associated with the inspections.
Framing
If you have a large, open basement area, you may want to consider sectioning off the space into rooms that can be used for different purposes. Erecting walls will increase renovation costs, but the added value to your home will likely make the investment worthwhile. The cost of framing is based on the following elements: the need to demolish existing walls, the size of the room the needs framing, whether additional walls need to be erected, whether the walls need to be soundproof.
Drywall installation
Installing drywall to your walls is something you will need to do whenever you add a new wall in your basement. This step is done after framing and is critical. One of the things that impacts drywall installation costs is the type of drywall you want to use. Typically, drywall can cost anywhere from $10 to $20 per panel. Once you have decided on what material you want your drywall to consist of, the next thing you will need to determine is the cost of installation. On average, installing drywall can cost anywhere from $1.50 of higher per square foot. The cost is often dependent on the area you would like to install the drywall. The next cost you will incur is for the drywall finish. The texture you use can actually make your drywall soundproof. Soundproof drywall costs about $50 for an 8×4 panel.
Installation of appliances
About $50 to $100 per hour is what you can expect to pay somebody to install any electrical appliances that require a professional. Some wiring is required in your basement to make sure the room is able to support your electrical needs. To accomplish this, you will need to hire a licensed electrician to make sure you don’t have any electrical issues with the wiring. The cost to hire an electrician will vary depending on the area you live in and their level of expertise.
Home theater
If you are someone who enjoys entertaining friends and family, it may be a good idea to install a home theater in your basement. This will give you a designated area in the home to entertain. You can add a big screen TV, comfortable seating, good speakers and make the room soundproof.
Building a bar
Always wanted a dedicated spot to showcase your collection? If your room is going to be used for entertainment purposes, consider adding a bar to the room. This will make it convenient to entertain and serve your guests at the same time. Keep in mind that renovating your basement area will raise the value of your home, which will be an asset should you decide to sell.
Significant room
Turning a basement into a useful room like a home gym, home office or a study room for your kids is a great way to utilize the space. With so many basement renovation ideas, Martel Group will help you make the right decision to maximize the space in your basement and meet your family’s needs. Martel Group are well-versed and respectable and well respected among their peers and throughout the industry.
First in Toronto For High-Quality Renovation Materials
Drop Us a Line
Don’t be shy. Let us know if you have any questions!
Contact
Drop Us a Line
Don’t be shy. Let us know if you have any questions!