Are you looking to revamp your space and want to know the basement renovation cost in Calgary? 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. 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
First things first, let’s take a closer look at the general basement renovation cost in Calgary. Of course, you have to keep in mind that the final price will depend on many different factors.
These include the size of your basement, the type of remodel you’re looking to do, the materials and furnishings you choose, and more.
On average, the cost of a basement renovation in Calgary starts at around $32,000. That’s also the price without the Goods and Services Tax barring any unplanned or emergency repairs.
That said, more often than not, these types of 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 reno and want a full-scale remodel with plumbing, electrical work, or kitchen addition, for example – know that it will likely cost more.
The Value a Basement Renovation Adds
Now, while the price tag of a basement renovation in Calgary might sound steep, it does offer countless benefits. Starting with the fact 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 would increase by around $15,000.
Keep in mind that this isn’t an exact science and how much value it adds will depend on what you have done.
Deciding How to Utilize Your Space
If the reason you want to learn about basement renovation cost in Calgary is to know about the resale value it adds, there are a few more things to consider.
As you’re not doing this for yourself or your family, you need to think about 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’re planning to move at some point, you might want to opt for mid-range materials. Also, make sure the designs and ideas are renter and buyer-friendly, keeping the tones neutral and the space simple.
Determining Your Budget
Before you start any kind of renovation or remodel, the most important thing is to determine your budget. Know how much you’re comfortable spending and if your plans exceed the cash you have on hand, this is the point where you should look into financing.
Once you have a figure in mind that you’d be comfortable spending, it’s time to get in touch with a contractor (or a few). If you want to make sure you get the best price and the best people for the job, it’s important to do your research.
An experienced contractor like Kavaleer Renovations will be able to give you a quote and walk you through the entire process. What’s more, they will be able to help you with the design and give you suggestions and ideas to make your remodel a success.
Basement Renovation and Addition Ideas
If you’re looking for the basement renovation cost in Calgary because you need an update, there’s no time like the present. But if you’re still not sure what you’re going for or the possibilities your space offers – let us help.
Here are some design ideas that might give you a better sense of what could work for you.
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 at home.
If more space is what you need – more space is what we can give you. 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 your home or need a quiet place to focus, Kavaleer Renovations can help. You can use your space to store inventory, take meetings, and facilitate the needs of a small business with ease.
Not only that, but we can help you create a secondary suite. With some new plumbing, emergency escapes, and quality-of-life upgrades, you can have a suite and start enjoying the benefits of passive income.
Basements are typically very versatile spaces, which means that, when it comes to utility, the sky is the limit. 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, we believe that any good project starts and ends with clear communication. We pride ourselves on maintaining transparency throughout the entire build process and always keeping our clients in the loop.
What’s more, 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 us a call or book a consultation today!