My folks recently (last night) bought a ~3200 SF home. Beauty property, detached, awesome views of the city, laneway in the back that allows a 3-car garage to be built.
Walked through the place with a builder to get his opinion, do a mini-home inspection, and talk about changes we want to make. He sent this over yesterday, before the offers went in.
Budget for Renovation Project
General – Interior $ (in thousands)
New HVAC 30
New windows and doors - Loewen brand 70
New hardwood on first and second floor - repair of any trim work afterwards 25
First Floor
Removal of walls to open up space and refinish walls 15
New powder room 15
New kitchen, servery including new pot lights, relocating rough-ins, refinishing walls 60
New high end appliances (Sub zero fridge, wolf range, wine cooler, bosch dishwasher, integrated hood) 30
Second Floor
Reconfigure second floor to create master suite and refinish walls 15
New master washroom 35
New master closet 10
New secondary bathroom 25
Third Floor
New synthetic berber style carpeting 4
New ensuite bathroom 25
Basement
Construction of basement walkout in backyard 20
Removal of walls and reconfigure, refinish walls 15
New synthetic carpet throughout 5
New washroom 20
New laundry room 15
New wine cellar - mahogany custom racking with cooling unit 18
Exterior
Wood slats on front elevation and new portico 10
Landscaping of front yard and backyard 40
New iron railings for two balconies and new flooring 10
New three car detached garage 50
TOTAL 562
As a comparison, If you did a tear down and new build of a similar size home (3,150 sq. ft.), the cost would be around $830K
*end email from builder.
My main question for you Fine Livers and Designers is where more money should be spent, where less money should be spent, and your general comments.
Cheers,
Chris
Walked through the place with a builder to get his opinion, do a mini-home inspection, and talk about changes we want to make. He sent this over yesterday, before the offers went in.
Budget for Renovation Project
General – Interior $ (in thousands)
New HVAC 30
New windows and doors - Loewen brand 70
New hardwood on first and second floor - repair of any trim work afterwards 25
First Floor
Removal of walls to open up space and refinish walls 15
New powder room 15
New kitchen, servery including new pot lights, relocating rough-ins, refinishing walls 60
New high end appliances (Sub zero fridge, wolf range, wine cooler, bosch dishwasher, integrated hood) 30
Second Floor
Reconfigure second floor to create master suite and refinish walls 15
New master washroom 35
New master closet 10
New secondary bathroom 25
Third Floor
New synthetic berber style carpeting 4
New ensuite bathroom 25
Basement
Construction of basement walkout in backyard 20
Removal of walls and reconfigure, refinish walls 15
New synthetic carpet throughout 5
New washroom 20
New laundry room 15
New wine cellar - mahogany custom racking with cooling unit 18
Exterior
Wood slats on front elevation and new portico 10
Landscaping of front yard and backyard 40
New iron railings for two balconies and new flooring 10
New three car detached garage 50
TOTAL 562
As a comparison, If you did a tear down and new build of a similar size home (3,150 sq. ft.), the cost would be around $830K
*end email from builder.
My main question for you Fine Livers and Designers is where more money should be spent, where less money should be spent, and your general comments.
Cheers,
Chris
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