Establishing a budget is key when it comes to home renovations in Calgary. Finances are arguably one of the most stressful factors of home improvement, so having a clear plan of how much money is needed and where it will go is important.

But how much money should you be saving up for your renovation?

We point out considerations to make when financially planning for your home renovation.

Exploring Home Renovation Costs in Calgary

Determine the Renovation Space

The room (or rooms) you decide to work on will impact how much money is needed to complete the renovation successfully.

Bathroom

A bathroom will be one of the least expensive rooms in the home to renovate. There is less space that needs to be fixed based on size alone, meaning that less paint, flooring, or tiles will be required. 

Additionally, provided there are no delays on the fixtures or finishes you’ve selected, a smaller space means a shorter timeline. This means you can cut down on labour costs.

A bathroom renovation in Calgary can cost anywhere from $5000 to $13000 on average. However, larger bathrooms or more expensive finishes can up the cost.

Kitchen

Meanwhile, kitchens are one of the most expensive rooms to renovate in the home. Appliances alone, such as the stove or fridge, can take up a big chunk of your budget, especially if you want them to have all the bells and whistles.

Kitchen renovations also require several specialists, particularly if you’re choosing to change the layout. From electricians to plumbers to painters to installers, each worker plays an important role in completing your kitchen. However, this will naturally increase the cost of the renovation.

Kitchen renovations typically average between $25,000 and $30,000, but this estimate can easily go higher based on the vision you have for the final result.

Yard

Renovating your exterior is a great way to add to your home’s curb appeal while also allowing for a bit more flexibility in your budget.

When renovating a room, there’s almost the obligation to do it all at once. This does make sense, as it prevents you from living in a construction zone. However, working on your front or back yard allows for the option to spread out your projects over time.

Young woman with hearing aid painting walls

For example, you could start with a fence. The cost here can range from a few hundred to thousand dollars, depending on the size of your property and the materials you choose. Then, once you’ve saved up more money, you could look at building a deck or a firepit. 

Pick Out Your Finishes

The materials and appliances you choose will make a huge impact on your budget. 

There is rarely a right or wrong choice during this stage, unless your contractor suggests otherwise. However, it’s important to consider the value of what you’re selecting. Picking only high-end materials is fine, provided you’ve worked it into the budget. Otherwise, mixing a few pricey options with some more cost-effective ones can still give you the overall aesthetic you wanted, but without breaking the bank.

Ultimately, the type of renovation you choose will dictate the financial cost of your home renovation in Calgary. Don’t hesitate to reach out to a professional, as they will be able to give you a better estimate as you enter the planning process.


Paramount Renovations is the leading home renovation company in Calgary. Thanks to our high-quality work and superior customer service, we have established ourselves as a committed and passionate team. For all your home, kitchen, and bathroom renovations, contact us at 403-923-2662 or [email protected]

In the unfortunate event that your home is destroyed and needs to be rebuilt, home replacement costs will be an incredibly important element regarding construction.

But what is home replacement cost, and how can your home affect it?

Let’s take a look.

Understanding Home Replacement Costs

What Is Home Replacement Cost?

Home replacement cost is an aspect of home insurance. It is the calculation of the money that would be needed to completely rebuild your home from the ground up.

It’s important to note that your replacement cost is not the same as the market value. Typically, replacement costs are much lower due to the fact that they only account for the house itself. Meanwhile, the market value also includes the land on which the house sits.

Additionally, depending on the housing market, you may be able to sell your home for much more than it’s physically worth.

Factors That Affect Home Replacement Costs

Materials

When taking stock of your home when evaluating replacement costs, ensure you note the types of materials used. As some materials cost more than others, you want to make sure those will be covered in the case of a rebuild.

hurricane michael house damage

If there were to be an upside of having to rebuild your home, it would be that the age of materials isn’t taken into account. For example, even if your roofing was showing signs of ageing when your home was destroyed, the value of the materials would still be the same as if it were brand new. 

Age

The age of your home will also affect the home replacement cost. Some features, such as crown moulding, are more difficult to replicate, so their financial worth is taken into consideration.

Codes

Older homes may not have updated building codes. If your home were to be rebuilt, proper building codes would need to be implemented to ensure modern safety standards are met. This may require alternations in electrical or plumbing, which would impact the home replacement costs.

Take the time to understand the physical value of your home, as it will allow for a more accurate calculation of your home replacement costs.


Paramount Renovations is the leading home renovation company in Calgary. Thanks to our high-quality work and superior customer service, we have established ourselves as a committed and passionate team. For all your home, kitchen, and bathroom renovations, contact us at 403-923-2662 or [email protected]