Are you looking to revamp your space and want to know the costs of Calgary basement renovations? Would you like to add more storage, create a new bedroom, office space, or even a home theatre?
Whatever your end goal, Kavaleer Renovations can transform your space to ensure it works for you. We know the Calgary home improvement market is growing, and you’re growing with it. So, let’s take a closer look at price points, design ideas, and how a renovation can increase the value of your home.
Basement Renovation Cost in Calgary
Basement renovation costs in Calgary can be tricky to understand. Fortunately, Kavaleer Renovations, one of the best basement renovators in Calgary, has the answers you're looking for.
First, let’s examine the general cost of basement renovation in Calgary. Of course, the final price will depend on many different factors. These include the size of your basement, the type of remodel you want, the materials and furnishings you choose, and more.
On average, the cost of a basement renovation in Calgary starts at around $65,000 for a basic remodel. That’s also the price without the Goods and Services Tax, barring any unplanned or emergency repairs.
That said, more often than not, emergency repairs are the rule, not the exception. That’s why you should always allow at least 10% of your budget toward it, especially if you have an older home.
Of course, if you’re looking to do more than just a simple renonovation and want a full-scale remodel with plumbing, electrical work, or kitchen addition, for example – know that it will likely cost more. On average, high-end remodels can cost as much as $115,000, if not more.
At Kavaleer Renovations, we can help you determine costs. We can do this because we’re one of the best Calgary home renovation companies.
The Value a Basement Renovation Adds
Now that you know basement renovation Calgary prices, we can look at the value a basement renovation adds. While the price tag of a basement renovation in Calgary might sound steep, it does offer countless benefits. One is that a remodel of any size can add incredible value to your home.
In fact, on average, finishing a basement renovation in Canada can increase the resale value of your home by 70% to 75%. That’s to say, if you spent $20,000 on your renovation, the value of your property could increase by around $15,000.
Keep in mind that this isn’t an exact science, and the value you add will depend on your reno actions.
Deciding How to Utilize Your Space
If the reason you want to learn about basement renovation costs in Calgary is to know about the resale value it adds, there are a few more things to consider.
Since you’re not doing this for yourself or your family, you must consider the potential buyer. If you’d like to use it as an income property and plan to rent it at some point, you might be able to go high-end and still make your return on investment.
However, if you plan to move at some point, you might want to opt for mid-range materials. Also, ensure the designs and ideas are renter and buyer-friendly, keeping the tones neutral and the space simple.
Determining Your Budget
Basement renovation budgeting in Calgary can be challenging. However, the most important thing is to determine your budget before starting any renovation or remodel. Know how much you’re comfortable spending and if your plans exceed the cash you have on hand; this is the point at which you should look into financing.
Once you have a figure in mind that you’d be comfortable spending, it’s time to contact a contractor (or a few). Doing your research is important to ensure you get the best price and people for the job.
An experienced contractor like Kavaleer Renovations can provide a quote and walk you through the entire process. They can also help you with the design and offer suggestions and ideas to make your remodel a success.
Basement Renovation and Addition Ideas
If you’re looking at basement remodeling in Calgary because your space needs an update, there’s no time like now. But if you’re still unsure what you’re going for or the possibilities your space offers, let us help.
Below are some design ideas that give you a better sense of what could work for you. At Kavaleer Renovations, we offer basement renovation services in Calgary that can help you bring these Calgary basement renovation ideas to life.
Home Entertainment
You can optimize your space for entertainment and hobbies by creating a home theatre or games area. What’s more, we can help you create a built-in bar where you can unwind after a long day; however, if you want to stay active while at home, with Kavaleer Renovations by your side, you can even have a home gym.
More Room
If you need more space, we can give you more space. With our basement development services in Calgary, we can give you and your family more space to enjoy yourselves.
Whether it’s more bedrooms or converting a space into a playroom, we can help you with design, construction, and more. Once you hire Kavaleer Renovations, you’ll never feel cooped up in your space again.
Space for Business
Whether you're starting a business from home or need a quiet place to focus, Kavaleer Renovations can assist. You can use your space to store inventory, take meetings, and easily facilitate small business needs.
Not only that, but we can help you create a secondary suite. With new plumbing, emergency escapes, and quality-of-life upgrades, you can have a suite and enjoy passive income benefits.
Practical Applications
Basements are typically very versatile spaces, meaning that the sky is the limit when it comes to utility. Whether you want a cozy living room, a new guest room, or more storage – you dream it, we can build it.
Why Choose Kavaleer Renovations
At Kavaleer Renovations, any good project starts and ends with clear communication. We pride ourselves on maintaining transparency throughout the build process and keeping our clients in the loop, which is why we’re one of the best basement renovation companies in Calgary.
If you’re worried about your basement renovation cost in Calgary, you can rest easy with us. We offer fair pricing and will give you transparent cost breakdowns to ensure we stay within your budget.
So, to learn more, give our basement renovation contractors in Calgary a call or book a consultation today!
