Home Renovations: Transforming Your Space
Does your home still suit your needs? Studies show that 1 in 4 people feel they’ve outgrown their home after just two years. Life is constantly changing—whether due to family dynamics or work-related factors—sometimes requiring a change in our living space as well.
When to Consider Renovating
Renovations can be both time-consuming and costly, so it’s crucial to carefully vet your contractor to avoid unexpected expenses and frustrations. If you need a referral to a reliable service professional, don’t hesitate to reach out.
Reasons to Renovate:
- Family Milestones: Marriage, newborns, or kids growing up
- Loved Ones Moving In: Aging parents or returning young adults
- House Functionality: Issues like a damaged roof, lack of a laundry room, or an outdated kitchen
- Space Crunch: Insufficient bathrooms or inadequate storage
- Home Office Needs: More people working from home
Renovation Options to Consider
- Reconfigure Current Rooms: Change how you use your existing space.
- Build a New Room: Add more space by constructing a new room.
- Accessory Dwelling Unit (ADU): Build an ADU for additional living space.
- Major Renovation: Consider significant changes, such as adding a second storey.
Be Realistic About Your Budget
Understanding what you can afford is crucial before starting any renovation project. Here’s a general idea of what different renovations might cost:
- Home Additions (One Room): $26,000 to $62,000
- Accessory Dwelling Units (ADUs): $180,000 to $300,000
- Kitchen Remodel: $20,000 to $40,000
- Additional Bathroom: $10,000 to $25,000
- Basement Remodel: $35,000 to $45,000
- Second-Story Addition: $250 to $450 per sq ft
Typical renovation costs range from $25,000 to $50,000, with an average return on investment (ROI) of 70%.
Enhance Your Home with Expert Help
For all your electrical needs, be sure to contact our trusted partners at Powerhouse Electric. Levi Trauter and his team are here to illuminate your home with their expertise.
Contact Powerhouse Electric at (613) 889-3162 or hello@powerhouseinc.ca.
Ready to take the next step in transforming your home to better suit your evolving needs? Whether it’s a minor reconfiguration or a major renovation, making these changes can significantly improve your quality of life. Your home can be the perfect fit for you and your family.
