What is the industry norm on a house reno, cost plus what percentage?

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Posted by: from Edmonton
2/10/2015 at 4:23:06 PM

I have been recommended 3 contractors by my designer & the percentage mark-up is different on one.

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Date/Time2/10/2015 at 5:14:20 PM

This will vary between the different contractors and the way they have their mark ups structured. Most renovations will run between a 15 - 25 per cent mark up on all materials and labour.

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Date/Time2/10/2015 at 5:24:31 PM

Most Contractors should be charging 20-25 % mark-up any less and they won't have enough to cover their hidden expenses.

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Date/Time2/10/2015 at 6:06:36 PM

Renovators will calculate there costs differently.

1. Some just use a Mark up % depending upon the size of the renovation from 20% to 30%

2. Some use a Margin calculation % again with attention to the size of the project- same % but works out higher by a couple of points

3. Then some just calculate their material and labor costs and multiple by a factor 2 to 3 times

Some charge extra for supervision and labor and add their mark up to it.

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Brian from Next Restoration in Rockwood
Date/Time2/10/2015 at 6:17:47 PM

Depending on the size of the job, 15 to 25 % is normal.

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Manuel from A.A.U. Construction in Toronto
Date/Time2/10/2015 at 6:49:27 PM

Hi Michael,

Some contractors are so busy they just throw out higher quotes. If you bite on there quotes, they will make it happen, if not who cares they are already working anyway. Don't always take the lowest quote. Do your homework and get out and make the contractor work for your project.

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John from Deltec Inc in Montreal
Date/Time2/10/2015 at 9:09:05 PM

Residential renovation runs minimum preferential rate 15% up to 25 %. Depends on the size of job.

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