My wife and I are looking to purchase an older (1950s) 1500 sq. ft. bungalow in the Burlington/Hamilton area and are wanting to completely update it and change it from a 3 bed 1 bath configuration to a 2 bed 2 bath (converting one bedroom into an ensuite with extra closet space).
We expect to have to replace all wiring, heating, plumbing etc. as part of the job. We haven't done a reno in years and were looking to try to prepare a budget.
Can anyone give us a per sq. ft. rough estimate for a job like this?
Lots of variables to consider and unexpected surprises, but you are looking at $15K to 50K depending on what you are putting in these areas. If you are thinking of updating other areas of the house at a later date, you probably don't want to do that. Just redo the entire place top to bottom and be done with it. That way you are not living there while the renos are happening. Just a thought.
I think the other guys are a little on the light side. I would put it in the $50,000 to $100,000 range as you are actually doing a total gut to the studs. That is what it is going to take to do all of the plumbing and electrical upgrades you mentioned. If the house is in original condition, it probably needs full insulation and may need some structural repair work as well.
There is a lot of "inside the walls" stuff that has to be done to bring it up to current codes before you close it up and start the finishes.
Just thinking about some rough numbers - flooring - $10.00 / sq ft? = $15,000
3 piece washroom - $6,000 - $10,000
4 piece washroom - $8,000 - $12,000
kitchen - $30,000 - $50,000
electrical - panel / service upgrade and full rewire - $6000 - $10,000
These are just "ish" type numbers but you can see how fast things can add up.
The most important thing you can do is to make a plan that includes everything from start to finishes, including a 15 - 20% contingency, get some actual quotes, and stick to the plan.
Sounds like a great project, good luck with it!
Kettleby Handyman Services
Its very difficult to put a s.f. cost with out drawings or a Scope of work.
Our average bathroom renovation runs $17k plus in 2010 we completed a 3 bedroom one bathroom conversion to 2 bed 2 bath total 700sf to the studs $85000.00.
Renovation Solutions Inc.
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