Benefits of a Finished Basement

Benefits of a Finished Basement

Unfinished basements are often left abandoned or are not utilized for best use. Finishing or remodelling your basement can boost the value of your property. Here are some benefits to finish a basement. However, finished basements have several advantages that we will point out here for you. 

Extra Bedroom for Family & Friends

Adding a bedroom to your finished basement is a perfect addition if you often have visitors from out of town. Having a dedicated area for visitors gives them more privacy and can also provide them with access to a private kitchen and bathroom. This basement extension is also ideal if you have elderly parents who need a quiet place to stay.

Additional Income Source

We can help you to obtain permits and drawing to convert your basement into fully legal suite, which can help to generate rental income from your basement. 

Entertainment Space

Remodelled basements could be used as a private entertainment area which is a perfect option for Torontonians, as during the cold season it will be easier to bring the cinema or gym in rather than going out. Home theatre, gym, gaming room and many other possibilities are one of the reasons you need to remodel your basement. Think about the money you will save in the long run.

Home Office

As remote working from home is a new trend during a pandemic, adding a home office to your basement is essential.

At Maserat Developments, we offer Basement renovation services. we strive to help our client to optimize their spaces and create a dream home.

If you are considering renovating or finish your basement, you are a click away from a detailed consultation with our experienced senior project manager.

 

Basement Renovation Cost in Toronto

Basement Renovation Cost in Toronto

Most people believe that basement renovation or finishing is an expensive process. This has contributed to the high number of incomplete and unfunctional basements. Contrary to most people’s belief, basement renovation costs are manageable. For an 800 sq foot basement in Toronto, you can pay about $70,000 for both labour and materials.

The price changes depending on the amount of work needed in the basement area and quality level. To figure all this out, you should hire a reliable construction companion like Maserat. We provide services in Mid and Downtown Toronto. To give you a rough idea of the costs involved in renovating the basement, here are some of the processes;

Design Stage

Before any work commences, there needs to be an understanding of how you want to transform your basement. You present your estimated budget, your vision of the space, timelines, among other preferences. The designers may request you to pick out your preferred materials. After this, the next meet-up is a presentation. The designers present various drawings that show how space will turn out. They make necessary changes till they satisfy your demands fully.

Inspection and Permits

In Toronto, you need to seek approval before conducting any construction or demolition process. The inspection team will look for red flags like cracks on the foundation, which add to the cost. An inspection ensures you avoid unnecessary surprises in the middle of renovations. The inspectors also inspect the drawings to approve the proposed changes. For example, if you plan to add a bathroom, the Toronto Building Staff must ensure the plumbing work complies with the regulations. For better preparations, prior research on the rules, procedures, and the permit fee is advisable.

Framing and Wall Installation

Framing sections off the basement to create spaces for different functions. The cost of framing depends on the basement area, the number of units, the amount of demolition needed, and whether you are soundproofing. The type of drywall you choose also affects the price due to the difference in material and installation process.

Plumbing and Electrical Works

Plumbing costs only apply if you plan to include facilities like bathrooms, which require water. In most cases, the plumber needs to make openings in the walls to make the necessary connections. Electrical works are essential since you need lighting in the basement. Most electricians and plumbers charge per hour. You may consider getting turn-key service from your contractor to add all the works to the total price.

Finishes and Millwork

Finishes give you a chance to implement your sense of place into the basement. You get to pick how the floor is polished, the wall painting, ceiling treatment, fixtures on the cabinets and counters, the stairway aesthetic, among other features. The cost depends on the scale and quality. For example, painters charge per hour. Thus, the cost is dependent on the sq. ft and the quality of paint.

Your choices determine your cost. However, do not limit yourself to reduce the price of the renovation. A basement facelift is a worthy investment as it increases the value of your home tremendously. Find solutions like phased renovations to reduce your one-time charges. There is always a way around it, especially when you have help from professionals.

Converting the basement into Legal Suit

Converting the basement into Legal Suit

Whether you are a new homeowner or looking to maximize the value of your property, converting your basement into a legal suite and leasing it out can be a worthwhile investment. Not only will this space be your source of revenue for the mortgage, but also guarantee you some financial freedom. A basement legal unit is also affordable for most tenants. 

When converting your basement into a legal suit, you need to ensure it passes legal specifications and municipal requirements before renting it out, including electrical and fire safety. Therefore, you should be aware of the regional by-laws governing the housing standard before undertaking any conversion. You may need to obtain a building permit from your local authorities before you begin any work on site. Before the municipal or state authority gives you a renovation permit, they may require you to submit a plan showing the renovation’s location and the proposed floor plan for the suit.

Fire Code Regulations

When converting your basement into a legal suit, you need to ensure that the suit meets all the fire code safety and regulations. Your legal suite must meet a minimum fire resistance for the wall and ceiling that separates the basement from the main house. You also need to install a separate smoke alarm system for your basement suite. Besides the smoke alarm, your suit must have an independent HVAC system, including an independent duct.

Renovations and Upgrades

If you want to attract tenants to your basement suite, you will need to carry out certain renovations and upgrades to make it more appealing. If your basement has no windows, you will need to create one or several. Windows allow for ventilation, bring in light, and provides an escape route in the event of a fire.

Do I need professionals to do the job?

Yes, you need to enlist the services of a professional renovation company if you want your basement conversion to meet your expectations. At Maserat Developments, we are licensed and insured to carry out such projects. Contact us today!

Custom Kitchen Remodelling

Custom Kitchen Remodelling

The kitchen is more than just a food preparation area, it is one of the most important rooms in your home, as it gathers all family members around each other.

As kitchen makeover specialists we stay up to date with the latest kitchen renovation trends. We also offer in-house custom kitchen cabinet designs. This way, each of our Toronto clients benefits from finished kitchens which precisely match their unique design and functionality goals.

Counters, islands, shelves, and cabinets are the pièce de résistance of any kitchen remodel. To equip your kitchen with distinct creativity, we custom design and manufacture all our kitchen cabinets in-house. 

Toronto kitchens are ultimately social spaces. However, kitchen design trends are constantly changing. and we tend to keep our clients up to date. Here are a few great designs from very talented designers across the world:

Do I require a permit for the renovation?

Do I require a permit for the renovation?

Depending on the scale of your project and what structural impact the renovation will have on the building, you may need permits. Our specialized project managers will discuss your project in detail and would advise you if you do need permits.

To obtain a building permit, a homeowner must submit an application to the district office where the home is located requesting necessary permits. Depending on the type and the size of the renovation there will be fees required to pay before processing the building permit. Once the prerequisites have been met, The Toronto building staff will review your plans in order to make sure they comply with the Ontario Building Code, local zoning by-laws, as well as other applicable regulations.

How to monitor the Building Permit Application online?

The building application process can be monitored online from the city’s website. Building permits are valid for the duration of the ongoing construction. However, if the work hasn’t started yet or has stopped, the permit is valid for up to six months and a building inspector can provide an extension to your permit.

Apart from the building permit — which is formal permission from your municipality to begin construction, demolition, addition, or renovation — there are other special types of permits you might need: 

heating permits, ventilation and air conditioning (HVAC) permits, plumbing permits, demolition permits, sign permits, or sign variance permits.

When do you need to apply for Building Permits?

In Ontario, you need a permit for the following renovations:

  • Constructing accessory buildings with an area of more than 10 square metres, or an addition to an existing building
  • Constructing attached or detached garages
  • Structural alterations
  • Excavating, repairing or underpinning a foundation
  • Heating ventilation, air conditioning, plumbing, or electrical work
  • Constructing one or more new separate dwelling units within a building
  • Finishing previously unfinished spaces within a building
  • Adding new entrances or windows, changing the size of entrances or windows, or closing entrances or windows
  • Constructing chimneys or fireplaces
  • Installing swimming pool enclosures, constructing detached decks more than 60.96 centimetres above ground, or building any deck attached to a building
  • Demolishing or relocating all or part of a building

On the other hand, you won’t need a permit for these renovations:

  • Replacing stucco, siding, or shingles with the same material
  • Replacing doors or windows without altering the opening,
  • Constructing fences (except pool enclosure fences)
  • Patching, painting and decorating
  • Installing cabinets or shelves

If you need help to apply for a building permit, we work with professional engineers who can help to get the necessary documents together for the application.

Do I require a permit for the renovation?

Second Floor Addition and Rear Two Storey Addition

Many of our clients are requesting the steps to start a Second Floor Addition and Rear Two Storey Addition. Here is the guide on what you need to do before starting your construction project. For any construction project that will impact your property’s structure, it is required to apply for a building permit.

The building permit application has few main components including:

  • Feasibility Study: A Professional Engineer need to visit your property to assess the current building structure. Through the session, she or he will collect some measurements to compare it with the current city’s By-laws. Upon completing the research, a report will be generated to advise how far or how big you can extend your property.
  • Structure Drawing: Once you know your limits, then the engineer can proceed with the structure drawing of your current property as well as the alteration required to meet the new building’s expansions.
  • Building Permit: Once the structure building is completed, then it can be submitted to the city to apply for a building permit. At the city, a zoning officer will review the proposed plan to make sure it will comply with all city’s By-Laws if it does then upon his approval you will be issued with the building permit.

The above steps can be complicated and time-consuming, that is why at Maserat Developments we will help our clients to apply and get a building permit for their upcoming project.

We will arrange and schedule a professional engineer to visit your property to produce all necessary components to apply for a Building permit. Contact us today to arrange a hassle-free consultation.

We also provide Home Addition services if you are interested.