The Cost of Complete Renovations Calgary

As homes increase in price and finding the perfect one that isn’t off the market becomes much more complicated than anticipated, a complete renovation to your home becomes an unexpected option. A home renovation can update your current home and forge it into the dream home you’ve always wanted. More so, it can vastly increase the home’s market value and fix any underlying issues plaguing the house and preventing it from reaching its full potential. The sheer size and cost can deter any homeowner from actively pursuing complete renovations in Calgary, but until you ascertain the project’s scope, you should never discount it outright.

Discover the cost of renovating an entire home, the factors that will increase the average cost, and the benefits of doing a complete home renovation.

Average cost

The average cost to renovate an entire home can be anywhere from $20,000 to $75,000, with a typical going rate of $45,000 for the average homeowner. In terms of square feet, renovating a whole home can cost around $15 to $60 per square foot and merely renovating a couple of rooms, like the kitchen and bathroom, can cost around $100 to $200 square foot. An estimate of how much a whole renovation can cost is hard to determine because of the many individual factors that will largely increase the cost.

Factors

Some of the most crucial costs that are dependent on certain individual elements include the size of the home, the mechanical equipment that is needed for certain homes, and whether demolition is necessary, among many other factors. Some of the other considerations can include:

The location where most urban areas will run higher for renovations in comparison to rural renovations
The number of rooms in a home that will need to be renovated
Materials used in the renovation include materials on countertops, floors, roofing, etc.
Necessary structural changes
New plumbing and HVAC systems that could be essential to implement
The age of the home being renovated as older homes can be more expensive to remodel

complete home renovations — Two people planning out a home renovation

Labour rates

Completing a renovation yourself is an impossible feat that could lengthen the entire project. Instead, hiring professional contractors will relieve much of the stress that goes into a renovation, though such hired help will come at a cost. According to renovation professionals, renovation contractors and labourers usually account for 10% to 20% of a renovation budget and the hourly cost can range from $20 to $150 or more.

Benefits

While these prices may seem incredibly daunting and can easily deter anyone from doing a home renovation, many benefits outweigh the high prices attached to the project. A home renovation will significantly increase the value of any home, and if you plan to put your home on the market, a completed renovation will ensure it will sell quickly and for a high price. Another benefit of a renovation is the ability to enhance the comforts, personal aesthetics and efficiency in the home, all invaluable elements to any house. Complete renovations in Calgary will give your home a customized and pristine new look while providing new efficient energy costs through the addition of insulation and new windows.

Since its inception, Kavaleer Renovations has been one of the most trusted home renovations companies in Calgary. We specialize in building new homes, full custom renovations, and even home additions like secondary suites. At Kavaleer Renovations, we know that building or renovating a home is a big investment and a personal experience and can be daunting at first. That’s why we emphasize clear communication with our clients as a pillar of our business. Whether you need kitchen renovations, bathroom renovations or complete renovations in Calgary, we will be with you from concept to completion.

The first step to building your dream home is to have a 100% FREE no-obligation consultation. Call Kavaleer today to get started!

Can you get a rebate on complete renovations in Calgary?

Home renovations can seem like an intensive process that continuously takes laborious time with no end in sight. But these renovations are some of the most advantageous investments that a homeowner can make, despite the involved effort. Renovations can increase the value of a home, making it more appealing to potential buyers if your home is ever placed on the market. Although, many homeowners are unaware that some renovations can qualify for rebates, grants, and tax benefits. Some of these benefits include provincial-specific rebates, including complete renovations in Calgary.

Here are just some of the benefits that you can apply for throughout Canada!

Home accessibility tax credit

You can acquire a Canadian-wide tax credit called Home Accessibility. The Home Accessibility tax credit is meant to make a house much more accessible for people with physical disabilities or seniors over the age of 65. This tax credit will deduct money put into renovations that implement permanent features into a home that will help reduce the risk of injury and will enable them to move more freely in the house. Installing wheelchair ramps or making a bathroom more accessible for those with mobility issues are some of the features that qualify for this tax credit.

According to the National Bank of Canada, labour costs, permits, materials, and plans can be eligible expenses toward this renovation rebate that can go up to a maximum of $10,000.

Substantial Renovation tax rebate

The Canadian federal government has implemented a substantial renovation tax rebate to assist families when they begin to renovate. If certain conditions are followed under this tax rebate, the government can give you a rebate when you purchase a new home, build a home, or do substantial renovations to your preowned home. “Substantial” is the operative word regarding this rebate, as the renovations must transform at least 90% of your home to qualify for the rebate. Renovating areas like garages and attic spaces don’t count towards the 90% as the remodelling must be focused on livable areas of the home.

home renovation cost — Model home with money being placed beside it

New residential rental property rebate

You can qualify for the Canada-wide new residential rental property rebate if you are building a home to later rent it out to tenants in your area. Once you have completed the home and renovations, you must fall under the condition that the entire worth of the home is valued at less than $450,000 in order to receive the rebate.

CMHC Green home

Taking steps to make your home more energy-efficient will help reduce your carbon footprint and energy bill. Implementing energy-efficient ways in your home will also help save on your mortgage premiums with the CMHC Green Home rebate that is available to all Canadians. Using CMHC insured financing, you can renovate your home for the purpose of installing energy-efficient features that will qualify your household to receive a 15% rebate.

Energy Efficient Rebate Canada in Alberta

The Alberta provincial government offers residents of the province to qualify for an energy-efficient rebate program that can help you save money when renovating your home. If you want to replace the windows and doors in your home and choose environmentally and energy-efficient ones, you can qualify for rebates up to $1,500. These rebates can assist with the remodelling in various Albertan cities and complete renovations in Calgary.

The first step to building your dream home is to have a 100% FREE no-obligation consultation. Call Kavaleer today to get started!

When we think of home renovations, we tend to equate the idea with large amounts of money that are bound to be spent. While it is true that custom renovations can be extremely costly, home renovations can surprisingly contribute to saving money. Saving money while renovating may sound like a falsehood, but if you renovate your home in a practical way, it can save you money in the long run.

Find out the pragmatic methods you can follow when renovating your home to save you money down the road.

Practical renovations

It can’t be discounted that remodelling your home to keep up with modern interior trends isn’t a worthy venture; it’s just a renovation that won’t prove economically beneficial. If you are pursuing a renovation to redesign certain parts of your home for vanity reasons, you are unlikely to save money in the long run. So, what is a renovation that will eventually supplement your wallet?

Renevaoting areas of your home that are already falling apart and deteriorating is a good investment. When the cracks and misalignments in your floors and walls become overt, renovating can remedy those areas that most need fixing. Updating your roof, furnaces, and water heating systems are renovating methods that can save you money down the road and increase the value of your home. These are only a few examples of the practical renovations beneficial to your home and wallet versus vanity projects that are not money savers.

Energy-efficient renovations

Updating your home during your custom home renovation to become more energy efficient is a great way to save money ultimately. Some energy-efficient renovations can include extra insulation in your windows to contain heat in your home during the winter, replacing your exterior panelling, solar water heaters, solar panels on your roof, and LED lighting. These particular renovations can greatly reduce the cost of your energy bill, and many of these projects are also environmentally friendly, as a bonus.

Cost recovery

Before you begin to renovate, you should consider what types of remodelling will maximize the value you will receive back. Some of the best additions and remodelling options that will add a lot of value to your home include adding a wooden deck, window replacement, garage addition, and minor remodels to your kitchen, bathrooms, and bedroom. These additions, replacements and improvements can maximize your return investments and vastly increase the value of your home.

Cost-saving renovations

Custom renovations don’t have to be a gruelling project that takes from your wallet with no return–it can actually save money if done right. Resolving areas of disrepair in your home will increase its value, as will implementing energy-efficient improvements. Some additions and minor renovations can also increase the value of your home and will amplify your return investments.

The first step to building your dream home is to have a 100% FREE no-obligation consultation. Call Kavaleer today to get started!

The exterior of the home is overlooked when it comes to design and renovation compared to the interior, where the rooms inside are most often referred to as the heart of the home. While renovating the inside of a home includes the excitement of purchasing new furniture and decor, pursuing custom renovations on the house exterior is equally important to match the upkeep of your home’s entire architectural design.

If you are unsure what you can do to improve your home’s exterior, here are seven ways and ideas to customize the outside of your house.

Painting for custom renovations

Adding a fresh coat of paint may seem like it will hardly make a difference on the outside of your home, but it can give your house a refreshed and revamped look. If your home hasn’t been repainted in a while, it can look dull and washed out as the paint begins to wear. Repainting your home to match its architectural style can revitalize the exterior of your home.

Roof update

As with the paint on your home, your roof can begin to wear after some time. Redoing your roof with updated shingles, if applicable to your home, can make your home look more contemporary. Other materials can be looked into as well that might flatter the exterior, like metal or tile.

Accents and trimming

Another way to customize your home and jump on the trends that modern homes are adopting is to add accents and trimming to the home. Trimming can be added in many places on the outside of your home, from your front door to your window shutters. Installing accent sections using different types of siding on areas like the upper part of a house, the garage, or other attached sections can bring added attention to your home.

New Windows

Replacing your windows with new, custom ones can brighten up your home. Purchasing new windows that best flatter your home, whether that means a change in size or style, can be a fun way to modernize your home’s current look.

New landscaping

Enhancing your home’s exterior doesn’t have to be regulated to just the home itself; you can also build and add new landscaping within the outdoor area of your home. New shrubs, plants and a garden can make your home even more colourful and appealing to the eye.

Fencing

New fencing around your home can help define the property. Not only will fencing keep your pets and children safe in the confines of your property, but it can add a stylish look to your exterior. There are varied techniques and materials to choose from, making fencing a must-have when customizing your exterior.

Porch

Adding a porch, or focusing on the upkeep of the porch you may already have, will significantly add to the value of your home and can be extremely functional for your family. Porches can be any size that is most convenient for your home and are versatile in the ways you can utilize them, like for seating, firepits, and storage.

Custom exterior

Customizing and revamping the exterior of your home is just as crucial as redoing your interior. The care that goes into the upkeep of your home should apply to every area, and with simple ways to completely modernize your exterior, renovating the outside of your home can be exciting and fun!

The first step to building your dream home is to have a 100% FREE no-obligation consultation. Call Kavaleer today to get started!