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Basement Renovation Cost in Toronto, Richmond Hill & Markham

In Richmond Hill & Toronto, the average cost of a basement renovation will vary between $25 to $55 per square feet, but in some cases it can go higher depending on your ideas and requirements. In this post, we’ll breakdown the different expenditures one can expect when planning to remodel the basement. A basement can be a good way to add extra room to your home without having to do drastic changes, plus it can increase your homes value.

Basement Renovation

So it’s time to renovate your basement

As mentioned above, costs can vary depending on what you want to do with your basement. Some scenarios might include having a bathroom or shower in the basement, which will likely increase renovation costs. When looking to hire contractors, make sure to get a few different quotations. However, you will need to keep in mind that quality of work can vary as well.

Let’s look at some of the following costs for renovating a basement in Toronto, Markham or Richmond Hill.

Basic Basement Renovation

This is the most simplest of renovations when it comes to basements. It includes flooring, walls, moulding & painting and can cost between $25-$35 per square foot. If you’re looking for a simple solution to your basement, stick to the basics. Here’s an example of a couple in Toronto, Bob & Diane. They are planning to get their basement renovated and have about 1000 square feet of space. They should be aiming at having a budget of at least $25,000, which should include enough to cover furniture costs. What else can they add that might increase their price? Let’s find out.

New Basement Washroom or New Basement Kitchen?

Ahh, the two nice to haves for Bob & Diane. A basement washroom for their guests and a separate kitchen for them to entertain. Well, what does each of these cost to have in their new basement? A basement kitchen addition will cost anywhere between $10,000 to $20,000 to add, which may or may not include any appliances or ventilation. As for a basement washroom, they’re looking anywhere between $3,000 to $7,000 to have it installed. Bathroom and Kitchen additions in a basement also require plumbing and electrical expertise.

Looking for an Expert Basement Renovation Contractor in Toronto, Richmond Hill or Markham? AM Supreme is the choice!

At AM Renovation, we have over 20 years of experience in custom home building, general contracting, bathroom, basement & kitchen renovations in Toronto, Markham & Richmond Hill. Our contractors are available to answer all of your questions and can provide you with a FREE, detailed & no-obligation estimate. Contact us today or give us a call, we’ll be more than happy to answer your questions.

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