According to recent statistics, home prices in Calgary are on the rise. They rose by a whopping 7.64 percent in 2023 to about $675,783 for a detached home. Home prices are increasing. So, finding the perfect one that isn't off the market has become much harder than anticipated. That's why a complete renovation of your home becomes an unexpected option. You should seize it with both hands.
A home renovation can update your current home and forge it into the dream home you've always wanted. It can increase the home's market value and help it reach its full potential. Yet, the sheer size and cost can deter any homeowner from actively pursuing complete renovations in Calgary. But until you speak with Calgary home renovation companies, you shouldn't immediately veto a home renovation in Calgary.
So, to help you decide whether a Calgary whole home renovation is right for you, our team at Kavaleer has shared what to expect price-wise. In this blog, you'll learn the average cost of home renovation in Calgary, and we've held nothing back. Of course, every renovation will differ. But this Calgary renovation cost guide should give you a good idea of what to expect.
In Calgary, Canada, the average cost of a whole home renovation in 2024 can be pricey. Depending on the size and scope of the project, it typically ranges from $100,000 to about $300,000.
The average cost of home renovation per square foot for standard renovations can be $100 to $200. High-end or luxury renovations may exceed these estimates. This is especially true if custom features or premium materials are involved.
However, you can speak with us to determine the cost of renovating your home in Calgary.
We want to give you an idea of Calgary home renovation prices and what we charge. That's why we've shared how much we charge on average for different home renovations included in a whole-home renovation:
In addition, when it comes to whole-home renovation pricing at Kavaleer, you should expect to pay $65,000 to $95,000. This price is only an estimate and only valid if you don't choose to renovate your kitchen. A whole-home renovation with the kitchen included can cost between $295,000 and $365,000.
However, this usually includes the masonry, windows, painting, and stucco. This makes Kavaleers' pricing in line with national averages. It even makes us cost-effective.
Proper planning can reduce unexpected costs associated with renovation projects in Calgary. But, one of the biggest unexpected costs is when hidden problems are found. For example, damage from water leaks, rot, or improper work done by others hidden within walls.
Unfortunately, these hidden issues can increase the budget and timeline of a renovation. They must be fixed before any new work can begin.
Other potential unexpected costs include temporary accommodations if the home becomes uninhabitable. Then there are moving and storage expenses for furniture and belongings. Also, you might experience increased dining-out costs if the kitchen is remodelled. So, keeping these unexpected costs at the forefront of your mind is important to ensure you budget appropriately.
The amount you will pay for custom home renovations in Calgary depends on several factors. These can include the home's size, mechanical equipment, and demolition needs.
Other important considerations include:
These are only some of the many factors that can affect the cost of a home renovation in Calgary. To better understand the factors influencing your home renovation, you should speak with home renovation contractors in Calgary.
Completing a renovation yourself isn't impossible. However, it is incredibly difficult and costly, especially when mistakes are made. DIY renovations can also pose safety risks and lengthen the project's timeframe. Fortunately, hiring professional contractors can relieve much of the stress of a renovation, though it comes at a cost.
In Calgary, 2024, renovation contractors and labourers typically account for 20% to 30% of a renovation budget. Hourly rates for skilled labour can range between $50 to $150 or more. This will depend on the work's complexity and the tradesperson's experience. Since labour plays a key role in your whole home renovation budget, ensure you choose the right renovation company.
There are many home renovation companies in Calgary. Yet, not all have fair rates or charge appropriately based on skill level and project needs, like Kavaleer. So keep this in mind.
Whole home renovation prices may seem incredibly daunting. This is why they can easily deter anyone from doing a home renovation. However, many benefits outweigh the costs attached to the project. For example:
So, if you're considering a custom home renovation in Calgary, these are only a few of the benefits. There's much to look forward to after you complete a whole home renovation.
At Kavaleer Renovations, we know that building or renovating a home is a big investment. We also know it's a personal experience that can initially be daunting. That's why we emphasize clear communication with our clients as a pillar of our business.
For years, Kavaleer Renovations has been one of Calgary's most trusted home renovation companies. We specialize in building new homes, full custom renovations, and even home additions like secondary suites. So, we are more than capable of handling your whole home renovation in Calgary, Alberta.
No matter your renovation needs, our home renovation contractors in Calgary will be with you from concept to completion. So, contact us here and let us help make your renovation dreams a reality.