Home Renovations Toronto
Not all home renovations provide the same increase in value to a home. However, when done with the right research and tools, a home renovation can yield a significant return on investment. Here is my ultimate guide to home renovations Toronto.
Permits
In Toronto, some of the renovations you want to do will require you to apply for a building permit. When you receive the permit, you will also need to prepare and expect city inspections at different stages of the renovations. This has to do with the zoning laws that govern the width and height as well as floor areas of some houses in the city.
In addition to building permits you will also need to inquire as to whether your renovations will require an HVAC permit, landscaping permit, electric permit or plumbing permit. A great way to find out which home renovations Toronto need permits click here.
Unexpected Costs
Homeowners often create unrealistically low budgets for their home renovation projects. Whatever budget you create to renovate your home, always add $5,000 at least for unexpected costs. You never know what your licensed professionals will uncover when it comes to electrical, plumbing and gas. It may be frustrating to have something repaired that does not directly go into the visual of the home, but it is far more important to have a sound home than a pretty one.
Over-Renovating
Believe it or not, there is such a thing as over-renovating! This is because many Torontonians are convinced the best way to increase the value of their home is to spend a lot of money on high-end finishes in their home. It is important to remember that if you are trying to increase the value of your home, there is rarely a $1 for $1 return.
According to American home renovation magazine, Remodel magazine, you can actually profit on re-insulating your attic! They report a recuperation of 117% of the money spent on that renovation. Other renovations that you might not think of that will get as close to $1 to $1 as possible are replacing your garage door and replacing your front door.
The problem is that many Torontonians think of what they would like to see in their home versus what truly matters when buying a home. Everyone appreciates quality finishes, but before you think about renovating your bathroom or kitchen, consider first finishing your basement, fixing your roof, or building a deck.
Patience
HGTV has taught us many things when it comes to home renovation. It has taught us what are tending styles, how to improve our curb appeal – but it has also poorly taught us that home renovations can be done in two weeks. Sadly, this is movie magic. If you want a home renovation job done properly, you will need to be patient and expect delays. Everyone wants a home renovation job done quickly – and the more understanding you are that it takes time the fewer costly mistakes you will incur.
Do you have home renovations Toronto tips to share? Or are you looking for more? Either way, please feel free to reach out to me here – I would love to show you how you can make the most of your home.
