Site Visit - Renovation Rough Budget

Many potential clients call us asking about a rough renovation budget. Unfortunately, unless we are able to conduct a site visit to better understand a renovation scope, there are no easy and fast answers. Each project is completely different which makes it very difficult to create a reliable shortcut to cost estimation /budgeting of any renovation project.

Once we complete a site visit we are in much better position to establish an initial renovation budget.  At this stage, with limited information on items such as a building structure, finish materials, or design intent, we can develop a rough budget. However, often the rough budget provides enough information for a client to make a decision about feasibility of renovation, or a new build. When a client is comfortable with the initial budget and have made a decision to move forward, we will begin the process of creating a construction quote. 

Residential Renovation  Budget - Items to Consider

Depending on the complexity of your project, some of the typical costs to consider are: design fees, structural engineering, inspectors, (e.g. water, sewer, electrical, HVAC), and general contractor/project manager. Or to reduce the complexity of the renovation project you can hire a design/build like Harmony Home Projects.

In reality, a construction budget depends on many factors, including the: complexity of the project, finishes used, changes and the re-work due to changes. Which can vary anywhere from $230/SF and up.

Common Misconception About Renovation Cost

The common misconception is that the renovation cost, especially for a major renovation are less expensive than a new home construction. But the fact is, old homes often require additional work in re-designing, re-configuring, and reworking an old house infrastructure to comply with new building codes.  This obviously will add the extra expenses to overall renovation cost. In a new build you don’t have to deal with these types of complexities with unforeseen and often expensive challenges.

We hope you find this blog useful and informative and if you have upcoming renovations and are looking for design/build firm renovation companies feel free to contact us at (403) 923-2996 or by our contact form.