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 a 800 sq foot basement in Toronto, you can pay about $70,000 for both labor 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.

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Receive a professional and hassle free estimate from our Senior Project Manager today.

or talk to us at: 416-876-1052

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!

No Strings Attached. 

Request a Free Quote !

Receive a professional and hassle free estimate from our Senior Project Manager today.

or talk to us at: 416-876-1052