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Cost to Renovate a House in Toronto

Cost to Renovate a House in Toronto

How Much Does it Cost to Renovate a House?

Years have passed, and your once modern, beautiful home has begun to show its age. From bathrooms to kitchens and beyond, there are many places where you can start your home renovation journey, but before you do, it’s important to consider the costs associated with each project, the work involved, and whether it’s better to take on a series of large renovation projects or simply move to a newer house that already has the work completed. Throughout this article, we’re going to explore the various house renovations options available to you, including the estimated costs.

On average, homeowners spend roughly $15,000 on a single home renovation project. Depending on the type of house you have and the project specifics, the expected cost per project will vary greatly. As a rough estimate of the cost per renovation based on home value, here is a quick reference guide:

Suggested Spend By Project

Project TypeSuggested Spend (% of home value)
Kitchen 16%
Attic or Basement10 – 15%
Primary Bedroom13%
Living Area10%
Primary Bathroom7%
Small Bathroom5%
Siding 3 – 5%
Windows 3 – 4%
Patio or Backyard2 – 5%
Roof 2 – 4%
Standard Bedroom1 – 3%

With these percentages, you’ll be able to generate a rough estimate of the renovation projects costs necessary to modernize the feel and functionality of your home. With that said, though, let’s now explore some more project-specific costs.

Renovation Project Estimates

There are a variety of renovation projects available to you, from full home-guts to individual rooms of floors. The average cost to renovate a house in Toronto is between $15,000 – $200,000, depending on the square footage, characteristics of the build, materials used, and more. It’s also important to remember that for each renovation project you’ll have the ability to go with high-end, mid-range, or low-end contractors and finishes, items that will weigh quite heavily on the final price. Below is a list of the options alongside varying renovation cost estimates for you to consider:

Amazing Custom Home Design by DB Finest Homes

Gut Renovation

Depending on the square footage of your home, the average cost to completely gut and remodel a home will be anywhere from $100,000-$200,000. You should expect the renovation cost per square foot to be approximately $60-150, which includes new roofing, HVAC, plumbing, and structural improvements.

Toronto interior renovation cost

Interior Renovation

For most interior renovation projects, which include the removal of walls and the opening up of spaces, you should anticipate a cost of anywhere from $300-10,000. This will include the work involved to plan the work, complete the work, and successfully remove all debris.

Contemporary living room renovation by DB Finest Homes

Adding a Room

Adding rooms to your home is no light renovation project. On average, you should expect this undertaking to cost anywhere from $135,000-300,000, depending on the size of the room extension and the finishes. Although quite expensive, these renovation projects can add tremendous value to your home, with return on investment figures ranging from 50-60%.

Modern bathroom renovation Toronto

Bathroom Renovation

A modern bathroom renovation, much like a modern kitchen, is one of the first projects any homeowner will want to have completed. Remodeling a master bathroom will cost an average of $20,000-40,000, depending on the size and finishes. A 2-piece bathroom, on the other hand, will run in the range of $4,000-8,000.

Spacious and light remodeled kitchen design

Kitchen Renovation

For most homeowners – and potential buyers – a modern kitchen is priority number one. Depending on the size of the renovation project, and whether it is to include an entire re-do or just elements throughout the kitchen, you should expect a cost of between $20,000-150,000. Ahead of any other renovation project, your kitchen will provide the best project ROI, with anywhere from 50-70% to be expected.

Home Addition in Progress

Garage Remodelling

Garage remodeling projects are an underappreciated yet incredibly effective way to increase the utility and value of your home. With project costs running anywhere from $7,500-15,000, these renovation projects will provide an almost 100% return on investment, with your home value increasing by almost the exact amount as the project price.

Exterior remodeling by DB Finest Homes

Exterior Remodelling

Exterior remodeling projects focus on the curb appeal and structural integrity of your home. These include items like roofing, siding, windows, and more. For roofing projects, you should expect a cost of roughly $30,000. For windows, $20,000, and for siding, $15,000. Each of these projects is accompanied by a sizable return on investment, ranging anywhere from 60-70%.

Entryway remodeling

Entryway Remodelling

Upgrading your home to include a grand entrance is no small task, however, it’s a reasonably affordable project that will add plenty of value to your home – both visually and financially. For most entrance remodeling projects, you can anticipate a cost of between $2,000-10,000, depending on the project size and quality of finishes. Similar to other projects listed on this list, entryway remodels are accompanied by a quality expected return on investment at just under 70%.

When it comes time to upgrade your home – both interior and exterior – it’s important that you work with a renovation team capable of bringing your dreams to life. DB Finest Homes has been providing luxury renovation services to homeowners throughout Toronto and surrounding areas for years. With high-quality materials, expert craftsmanship and service, and complete project customization and management, you can rest assured that your home renovations will be of the highest quality possible. From kitchen renovations to home exterior remodeling and beyond, we have the renovation expertise you need. To learn more about our services, pricing, or process, contact our team today.