The Cost of Renovating

When we initially took on this project, we had options - we could have torn down the original structure and built new, but any quotes we received for building new, started at $200/sq ft and that was only base finishes........ laminate floors and counter top, standard tubs and shower inserts etc. etc...... not what we wanted and certainly not the budget we were thinking of. So after seeking the opinion of a home inspector and contractor, we decided to salvage the original structure to be able to concentrate our hard earned dollars on the finishes that we wanted. However, when you are taking on such an endeavour the costs are not purely tiles, windows and paint. There is the cost of drafting/engineering any structure changes or additions, permits, equipment rentals etc etc etc. So, as a point of interest we will share the true cost of this project. Happy reading!

Home Inspection $378.00
Energy Audits $500.00
Hydro One Upgrade $960.75
Blueprints $441.00
Appliances $5151.92
Home Depot $3441.41 Lights, knobs, bathroom vanity, faucets, kitchen sink etc
Home Hardware $8986.70 Kitchencraft Cabinets (Maple in Espresso/anti slam)
Home Hardware $4226.20 Silestone Countertop (Quartz in Ivory Coast)
Home Hardware $1179.73 Water Softener & Misc
Rona $980.33 Toilets, lights
Dufferin Flooring $3774.93 Tile
Ikea $1614.30 Bathroom vanity, medicine cabinet, furniture
Canadian Tire $134.00 Sump Pump
Centre Grey HH $41485.20 Materials For Build
Fleshcon $1045.25 New Foundation Concrete
Stephens Rental $840.00 Waste Bin
Shouldice Block $966.69 Blocks for New Foundation
GW Masonry $1426.00 Mason work in showers and stone fireplace.
Brampton Hardwood $3529.72 Hardwood Flooring
B&R Stoveshoppe $3628.01 Propane Fireplace
Andex Steel $2536.88 Steel for Roof
Northern Heating $10620.41 Furnace, Air Exchanger, Duct work and installation
Harrison Interiors $9667.35 Spray Foam Insulation
Eagles Painting $6720.00 Interior priming and painting
D.V. Electric $9920.40 Complete wiring/switch & outlet covers/pot lights
M.T. Ceramic $3914.66 Installation of ceramic tile
Paul's Carpetry $4080.91 Carpet installation upstairs
Fines HH $745.67 Deck Piers
Barry Vaine Wood $5741.25 Maple Stairs and railing
Kinsmen Eavestrough $835.80 Seamless Eavestrough
Orangeville Glass $2599.00 Shower glass
Russell Drywall $4678.00 Labour to install & treat drywall
Mulligan Builders $71880.00 Labour
Mulligan Builders $18686.00 Management Fee

Grand Total of $237,316.47

Yup, ouch.

We are about $25,000 over budget - sort of - as we didn't have to do certain things in the original quote (ie:septic) and added some projects (ie: spray foam), so really we didn't come out too badly.

As for deadline, the start date was July 6 with an estimated completion of September. They came "most days" other than the entire month of September and we spent our first night at the house on November 23, the contractors were not done until December 16 and still not everything is completely done as of this moment, though our builder is done his part. We still have the backsplash tile in the kitchen, the jacuzzi tub tiling and, of course, the all important outdoor space which will include 3 sides of deck and pergola as well as other landscaping. So, although done is not done, it is done enough to be enjoying it......and that we are!