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Home Improvement

KEY FACTORS OF RENOVATION COSTS

Any type of renovation is a costly affair. The planning and budget of the renovation always go hand in hand. A lot of times, it is the budget that sets the tone of the renovation. While planning a Bathroom Renovation Oakville, you need to draw up a budget before reaching out to a contractor. Even when you are drawing up the budget, certain key factors play an essential role. In case, you are planning a renovation project for the very first time then you might find yourself lost about how to draw up a budget. In this article, we are sharing some of the central factors which contribute to the renovation amount.

Hiring the contractor

No fixed amount is charged by all the contractors. When looking for a contractor, you must look for one who would be more suited to your financial requirements. The cost would include the labour cost which ranges between $45 to $100. This cost is on a per hour basis. While looking for a contractor you might feel inclined towards carrying out renovation as a DIY Project. But it is not always a great idea, especially when you haven’t done it before. Bathroom renovation is a long and tedious process. If you don’t have the necessary knowledge then things can go south very fast. It could even cost you a lot to fix the damages.

Kind of renovation you want to undertake

The kind of renovation you want plays a determining role in the budget. The larger the remodelling plan is more expensive it gets. If you want to opt for a complete remodel then you might end up paying about $250 per sq. ft. However, if you don’t want to spend that much, you can change specific fittings or add storage space. These things will help to bring down the cost of renovation.

The Materials used

Materials that are used for renovation also play a central role. The better the quality of the material, the more it will end up costing you. If you want materials and fittings which aren’t easily available in your local area, then you can expect to pay a bit more. During the budgeting, you should find out the costs of floors, cabinets and countertops which are available. The costs for the materials vary from place to place.

The shape of the bathroom

It might surprise some, that the shape of the bathroom also plays into the cost of renovation. If your bathroom has tight spaces then you might need to add to your budget. Tight spaces are tricky to get in and require more effort. It takes more time to renovate such bathrooms than a simpler one.

Set aside an extra budget

Even though you would be hiring a contractor to carry out the job, anything can go wrong at any time. The renovation could take longer than anticipated, or some damage needs to be fixed. Having some overhead budget will help you to be prepared for such a situation.

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