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The Cost of Building a House


As some of you readers may consider building in the future, this may help in planning a building budget.  Note that the costs below are based upon building a home in Newfoundland (in 2007), but it should give you an approximate cost for other areas in Canada.

  • $90-$95/sq ft of living space based on 2 story homes (ranch bungalows cost more/sq ft) – includes 10×10 patio, paved double driveway, and landscaping in front only ($150-$200/sq ft in 2013).
  • $15,000 for single garage
  • $30,000 for double garage
  • Add the cost of land
  • Above price includes approximate allowances:  $5000 for kitchen, $5000 for flooring, and $1000 for lighting.

As you can see, even though it costs a bundle to build a house, most builders only give you a skimpy allowance that will most likely NOT cover the expenses.

Also note that the prices given below are “contractor” prices which you will also mostly likely get if you are building through a reputable builder.

For kitchens, after getting many quotes, I found the general rule of thumb of $230 per linear foot of kitchen.  My future kitchen is approximately 30 linear feet of kitchen cabinets/counter tops which would cost approximately $230 x 30 = ~ $7,000.  Note that this estimate is based on a standard laminate counter top, not the fancy granite/marble stuff and no island.

The floors, we’re looking at getting mostly hardwood/ceramics and carpet in the bedrooms.  The budget killer is if you want to get hardwood stairs which cost around $200/stair; extra if you have a landing, and super extra if you have a winding stair case.  For us, we have around 12 steps + landing (thank goodness for no curve), quoted as $3000.  For us, flooring worked out to be around $6.50/sq ft, so in total around $11,500 (1800 sq ft developed).

Onto the lighting, we’re hoping to get some pot lights installed, but man, these little buggers are expensive!  We were quoted approximately $100/pot light.  We’re going to get a few pot lights for the main floor, other than that, we’re just getting cost effective (aka cheap), interior fixtures from the local hardware store.  There’s not doubt that we’ll be exceeding the $1000 electrical/lighting allowance.

Something that most people neglect to consider are the exterior doors.  Most builders give you a very low allowance for your front door, and you’re bound to go over the given amount.  We did anyways.  Both our front/patio doors combined will cost us an extra $600.

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FrugalTrader About the author: FrugalTrader is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 86 comments… add one }

  • Joe July 3, 2010, 9:23 am

    G: All I can tell you for sure is that the bigger the foundation, the higher the cost, generally speaking. That’s why ranch style bungalows cost more to build than 2 story homes.

    Maybe a builder can chime in on this.

    It’s never too early to start planning, in my opinion, G. I’d start now if I were you.

    We ended up going back to the home designer 6 or 7 times, even though we started out with the Viceroy “Pasadena” plan. If your starting from scratch with your plan, it’ll take you many more revisions. A home designer or architect will think of things you never dreamed of, some of what they come up with will completely derail your ideas and some will enhance them.

    To me, the most important decision you’ll make will be which builder to go with, assuming your not doing it yourself.

    Sorry I couldn’t be of more help but I’m still pretty new to all this.

    Joe

  • Jacquie July 3, 2010, 10:32 am

    I noted Joe quoted a price from a builder, which does sound fair for all that he is doing….we got a quote from our framer who arranged the other trades for us….we switced a couple of those because we found guys we knew for less money (electrician and stone mason), and we ended up paying alot more than quoted. I hope that isn’t the case for you Joe. Our house is finished so we do have concrete numbers. One thing I can say with absolute certainty is that it will cost you more to build a house than you think. It is definitely more expensive then buying a house from a builder or resale. The upside is you will get exactly what you want. There are tons on plans online that you can look at and bring to a good draftsman (mine did a etc)fantastic job) who can tweek them to your needs. I spend hundreds of hour going over plans online, printed the basic information (floor layout and exterior appearance) and took it to our guy. The result was wonderful.
    Architects are expensive but necessary for some jobs (waterfront properties, complicated properties). However if you just have a lot, and an idea of what you want, this is a great money saver.

  • G July 28, 2010, 12:53 pm

    Joe, I was just re-reading this thread (picks up new things every time). I noticed you said that you have contacts in the Vaughan area, actually, there’s really close to where I am (Richmond Hill). From your discussions with them, would you say your quote of 550,000 is comparable to homes built in the Vaughan area or less?

  • Joe August 9, 2010, 10:38 am

    I’m sorry for not getting back to you sooner, G.

    If I tried to build this home in Vaughan, I’d say the price would be somewhere around 750,000

    Then there’s the cost difference of the land, well, you couldn’t even FIND a lot like this in Vaughan, lol.

    Anyway, I was very excited when about 10 days ago, when the Conservation Authority finally approved our 2nd plan.

    I shut off the utilities to the cottage and when the builder’s secretary applied for the permits, she was told that my next door neighbour submitted paperwork with the town, trying to block construction of the house.

    I couldn’t friggin believe it. This mofo shook my hand months earlier, in front of two witnesses of mine, and gave me his word he wouldn’t try to stop us from building, even wished me good luck.

    I’m in the process of trying to jump through this legal loop now.

    Urgh.

  • G August 14, 2010, 12:32 pm

    Wow, $200,000 price difference eh (just the house, land value extra). That’s a pretty steep GTA premium.

    Thats good news you got the permit approval. Hope everything goes well from here on. I’d imagine it needs more than one disapproval to throw off your permit approval process, no?

    In my situation, there’s 2 big/old trees in my property, if/when I decide to rebuild, for sure these would unfortunately have to be removed, I’m afraid the permitting process for the tree removals could be tricky, any thoughts?

  • Joe August 15, 2010, 8:59 am

    G: The city issued a demo permit but won’t release building permits because they’ve “been made aware of a legal issue” between me and my neighbour.

    Anyway, removing trees ranges from no tree removal at all, to remove all the trees you want, like up here in Wasaga Beach. Down there, they won’t be so flexible, lets hope for the best when you find out.

    Good luck.

  • Rebecca August 17, 2010, 9:50 pm

    Does anybody know how it much costs to get hire a decent architect in Toronto?
    I’m looking for someone that would be able to design in a modern/international style but doesn’t have to be a brand name architect.

    I’m looking forward to building a home in 10 years and trying to figure out how much I would have to save in order to do so.

    Has anybody else have a similar experience?

    Thanks!

  • SkinnyGee August 19, 2010, 12:37 am

    Something I can’t figure out (maybe I’m stupid??) — Is the price / sqrt foot based on the square footage of the house “for a 2 story home” (as in, how much square-feet of land the house occupies), or is it based on floor space? (Ie. a two story home where each floor is X square feet would cost 2*X* ?

  • Spankie August 26, 2010, 10:45 am

    Joe..thanks for all the info…we too are in Wasaga and want to add a small addition (600 sq ft) and possibly lift our present home from the crawl space block foundation and make it a full useable basement. Do you recommend
    any great contractors in the area that work for a fair price?

  • Joe August 26, 2010, 1:05 pm

    Spankie: Absolutely, I highly recommend Advantage Homes first and foremost. Super quality at a fair price.

    Brent: Cell Phone 705 623-4877
    http://www.advantage-homes.ca/

    Another good builder up here is Father & Son.

    Pat: Cell Phone 705 444-4306
    http://www.fatherandsonconstruction.com/home.php

  • Spankie August 26, 2010, 2:23 pm

    Thanks Joe for your speedy response! :)

  • FrugalTrader FrugalTrader September 5, 2010, 8:33 am

    With rising real estate appreciation around here (NL), some friends of ours just closed a house last week for $175 per sq ft of livable space (ie. not including basement/garage).

  • Tony December 21, 2010, 5:05 pm

    Big question I have is do these prices included labour and what is the labour being charged in some places like Ontario, Calgary and B.C.?

    I just priced a cost to frame out a 2000 square foot home. Price for materials was $78,000. Includes windows, trims, roofing, siding and drywall, etc. Also includeds tax. Don’t care what you say, but drywall comes in one colou and it’s all the same price folks. Now you can also get siding at $500 a square, but I am being realitsitc here.

    You can then add to all that labour (30-50K), price of land, foundation ($20K here or less for knee wall), electrical $10K, plumbing $10K, floors 5-20 per foot, lanscapring 5-20K, paint and plaster $10K driveway $1-15K.

    With basic light and plumbing fixtures (not necessarily cheap, but not idioticcaly overpriced either), shopping around for good flooring prices, then no reason my finisdhed price here would be as follows.

    $78000 (tax in)
    $30000 labour
    $15000 knee wall
    $16000 flooring
    $10000 electrical
    $10000 plumbing
    $10000 paint and plaster
    $5000 landscsaping
    $5000 Driveway

    $179,000 Total. Now I know I have missed a few things (land price – miens cheap here), but that’s about $90 per square foot in Newfoundland. I know I can do better on labour and flooring prices at some good dealers and by finding my own crew.

    Surely, you would think materials would be more competitive in Ontario. Can’t imagine what guys make to frame and plaster a home. I suggest that is where the Delat lies, as well as the land. $100K for a postage stamp lot in Ontario adds $55 per sq ft to build an 1800 square foot home.

  • gta builder January 14, 2011, 6:40 pm

    Being a Builder in the GTA, I can not hold myself back from posting on this page.
    Everyones rule of thumb should and needs to be:
    “YOU GET WHAT YOU PAY FOR” – for the most part.
    If you want a fly by night contractor with no insurance, no Tarion warranty, cash deal type…may God bless you on your journey.
    Labour prices have climbed through the roof in recent years, not because the trades are on an early retirement plan, but because insurance, fuel, WSIB, supplys and most of all TAXES have climbed through the roof.
    As for a $/sq.ft, this is the question of questions.
    Here are a few items that will increase your cost per square foot:

    – roof plan, pitch of roof, height of roof, complexity of roof design
    – Foundation size (as joe mentioned)
    – ceiling heights
    – amount of steel used in the structural design of your home
    – exterior finished (stucco, brick, stone, wood, aluminum etc)
    – overall size of your home, once you exceed a certain size you will require an additional furnace, a/c unit, larger water lines etc.

    the above items have nothing to do with the finishing of your home, where you will be faced with the difficult choice of better vs. keeping your budget in check.

    with all this said, in the GTA not including your land, with a finished basement, 2 car garage, solid maple or cherry cabinets, built-ins, granite countertops, stainless steel appliances, plaster crown mouldings, 9-10 ft ceilings, brick and stone exterior etcetc…..a builder with a reputation (has built more then 1 house before) will not build your house for under $200/sq.ft PLUS your 13% HST

    hope this helps

  • Lee February 3, 2011, 3:43 pm

    If you do not know what you are doing do not install pot lights or any other electrical systems. 12 per circuit? It depends what is on the circuit, do not follow that advice. An electrician should be consulted when installing electrical unless you enjoy seeing your hosue go up in smoke :)

  • Kim March 18, 2011, 6:02 pm

    Does anyone know what the current cost per sq ft is to build a high end custom home in edmonton alberta currently?

  • G April 11, 2011, 6:22 pm

    Joe, it’s been a while since your last update. Any tips you’d share with us??

    I take it that you went with Advantage homes at the end?

  • Joe April 12, 2011, 8:11 am

    Good morning, “G”. It’s been so long that I can’t remember where I left off, lol.

    Anyway, the end result was that we couldn’t build our house on our property because of our SOB next door neighbour.

    Back in the day, there was a walkway that went through our property and across a number of other properties that provided access to the river for neighbours who didn’t have their own.

    Everybody has had their own access for many years now and everyone signed off on this “easement” back then except for our next door SOB.

    To make a long story short, he’s stopping us from building our house, the way we wanted to build it, anyway. Part of our house and the 3 garages, would have been built on the easement.

    We dropped over $10,000 on our house plans alone, plus building and demolition permits, the Conservation Authority permit and more, all lost money, due to the jealousy of this “man”.

    We now have the property up for sale.

  • G April 18, 2011, 1:17 pm

    Joe, extrememly sorry to hear that. I guess its important to have all the neighbours on board.

    I heard that building permits cost ~$25 in the city, $10k seems pretty low. I guess that’s a good thing.

    This past weekend, I visited a custom built home in Oakville, just to check out the finishes and talk to the company. The cost to build this ~3200 sq ft home is $600k (excl. land), it quoted $165/sq ft but the buyer also pays for building permits ($25k), demolition ($12-15k), landscaping, HST, etc.

    That said, the cost to build is going up in a couple of months, I guess that’s the trend across all GTA.

    Hopefully check out a few more over the coming months.

  • Paul in Uxbridge May 6, 2011, 11:25 am

    @Jacquie if you’re still out there. I’m contemplating a build north east of Newcastle and would like to talk to your framer and home designer, given you’ve had good experiences with both.

    gta builder is bang on, by the way. You can add over $50/s.f. to your price simply by blowing the budget on kitchens and baths!

  • Jacquie May 6, 2011, 12:07 pm

    Hi Paul, if you would like to see our house google 111 Emily St. W. Newcastle, we recently listed it, I can answer you questions, we were really happy with our framer, our building inspector said if he was building a house, he would use our guys…he knew of them and said they are some of the best in the area

  • Sinzi June 4, 2011, 8:02 pm

    Jacquie, could you send me, by email, the name and the contact details of your framer, please?
    My email is: sinziandre@yahoo.com
    Thanks a lot!
    Sinzi

  • MM October 14, 2011, 10:45 pm

    Hi everyone, here is a question I was hoping we could debate.
    I am looking to be my own general and pick and choose trades and look for the best materials price around Barrie Ontario.
    Recently I started to seriously looking at having Viceroy do the build up to close in and raw framing inside. They currently have 28.5% off their packages.
    My question is two fold:
    1. Has anyone dealt with Viceroy and what are the experiences ?
    2. Would anyone have ever done the comparison of Viceroy materials cost vs just designing a comparible and ordering the materials yourself ?

    Thanks. Please help :) This is a big undertaking

  • AreWeDoneYet October 22, 2011, 8:15 am

    Guys, these prices you are paying seem to be way too high. Also, one thing I am noticing in this thread is that you are running into cost overruns.

    The only way around this issue is to try and get as much of your stuff prefabricated and know exactly whats being delivered. By this I mean you gotta know up to a dot how much things are going to cost. I am planning on building this coming spring or summer of 2012. I have decided to go with a prefabricated modular type home.

    This type of home is exactly like the site framed ones except all the framing is done in a factory and panels delivered to site, where they are then assembled in a just a few days. For me the major advantage is that I know exactly how much the shell of my house will cost me and there will be no materials wasted and no issues with framers not showing up e.t.c . I am leaning towards the packages from Cameron Manors: http://www.cameronmanors.com/View-Plans-Pricing.page
    At least they let me know the upfront price of my home. Their package is up to lock up stage. Also, I will have zero architect fees – just drafting to match my lot, since the y supply me with plans.

    I will have to do the interior finishes myself. Again, in keeping in line with my predictable and controllable costs principle, I am going with Ikea for my kitchen. Their kitchens are real bang for the buck and can offer a sophisticated champagne look on a beer budget. Their website has 3 dimensional software for planning your kitchen. They can also come to your house to do the actual measurements. When you buy kitchen cabinetry and appliances from them you also get 20% back in Ikea gift cards. Trust me this comes in handy when purchasing stuff like bathroom sinks, organization and lighting. All I will do is pay for installation labour as a factor of total material costs, if I do not get the time to install the Ikea kitchen myself. A caveat. My new home will just be middle class McMansion and more expensive finishing will not marginally increase the resale. If you are building in an upmarket area it could be a different game.

    As for flooring and tiling. I will hire an uncle who does that for a living. He will still charge me but at least he will not try to gouge me.

    As for landscaping, I will just hire some muscle off craigslist and supervise them.

    I will be acting as my own general contractor. A lot of my subs will be moonlighting for me on weekends and to make sure they do a good job most payments will be made upon passing city inspections. I gotta cut as many corners as I can. Since I will be working, a lot of work will be done on weekends. That is why I would rather have the house built in a factory and just put together on site like a bunch of legos. Also, I would advise any prospective owner-GC to take up a weekend job as a construction labourer. You will be amazed at how much you can learn in just one month. Been doing it for almost 3 months know. Have seen concrete being poured, have seen floor joists put in place, know the difference between a 2×4 and a 2×6, have applied a membrane to a foundation e.t.c

  • FrugalTrader FrugalTrader October 22, 2011, 8:37 pm

    After all fees, how much per sq ft will your modular house cost?

  • AreWeDoneYet October 23, 2011, 5:00 am

    Well, I am picking up this 2352Sqf house + 420Sqf attached garage:
    http://www.cameronmanors.com/_mndata/came/uploaded_files/garibaldi_doc.pdf
    This comes in at a maximum price of $80,000k (delivery inc). The package includes doors, windows, siding, roofing. However, it does not include insulation, drywall, foundation, cabinets, hardwood/carpet. Below are my estimated costs:
    House shell: $80,000
    Assembly: $5,000
    Insulation : $10,000
    Ikea Kitchen: $10,000
    Hardwood Fl: $15,000
    Dry Wall: $20,000
    Plumbing: $10,000
    Electrical: $10,000
    Permits: $10,000
    Bathrooms: $8,000
    Lights: $2,000
    Painting: $3,500
    TOTAL: $183,500

    PerSqf: $66/sqf

    *The cost includes labour as well. Also, I have an idea of the construction process and will therefore be more confident supervising trades and labour.

  • AreWeDoneYet October 23, 2011, 7:24 am

    BTW, I am still pricing out foundation. I will definitely be going with slab and not basement. However, I still want to do more number crunching and also visit open houses in my prospective neighbourhood to get a feel of whether the lack of a basement is a dealbreaker when it comes to resale. If I were to put in a bonus that would just be a bonus (as the 2 story house has ample room for my 4 member family) and will therefore be used as a man cave.

    Unfortunately, the exact cost of the foundation will only be known after I purchase a lot and the soil/topography are taken into consideration. However, I will definitely know before pouring in the concrete.

  • Madge November 6, 2011, 12:24 pm

    To Mike, don’t mess with electrical code, buy the code book, it’s worth it, the most plugs or switches on 1 circuit is 8, as long as they aren’t for a fridge or other dedicated appliances, split plugs are a different thing altogether.

  • Madge November 6, 2011, 12:28 pm

    to AreWeDoneYet, that is a beautiful house plan you are considering, congrats.

  • Jan February 29, 2012, 12:24 am

    Hi,

    Looking at building in Edmonton with a builder and have a hold on a gorgeous partial walkout lot right now. Does anyone know what the extra costs of the walk-out generally consist of? Is it the extra windows, doors and patio?

    In addition, this particular lot will require the construction of a retaining wall in the landscaping process. Any idea here of the costs involved with building retaining walls?

    I am a little nervous in venturing down this road. At present, I am looking at a minimum of a million dollars. It’s scary to think that there could be extensive cost overruns! Does this happen with a builder? Are there many hidden costs?

  • Gates VP March 9, 2012, 4:10 am

    @Jan: At present, I am looking at a minimum of a million dollars. It’s scary to think that there could be extensive cost overruns!

    The general rule is that the larger the scope of the project, the more likely there are to be overruns. This isn’t specific to your builder, but just human nature in general. As a project gets larger in size and scope the variability goes up.

    So here’s the short answer, just work through the checklist:
    1. If the place ends up costing 1.1M instead of 1.0M will you still be able to pay for it?
    2. If you or your partner lose your job will you still be able to make the mortgage?
    3. Are you willing to live in this house forever if the value tanks? Can you afford to take a loss if you need to move? (million dollar home is still a big deal in Edmonton and well out of range for most buyers).
    4. What’s the opportunity cost of not being able to move? Are you and your partner earning top dollar for your jobs? Could you be making 50% more elsewhere?

    Instead of focusing on the likelihood of cost overruns, I would focus on your ability to deal with inevitable crises. Let’s just take at the list and the chances of this becoming a problem:

    1. When you build a million dollar home with a retaining wall, odds are high for cost overruns. Just think about the possible problems: change in material costs over the next year, change in labour costs, problems setting up the wall (bad soil samples), problems running the lines (someone at city hall screwed up, developer screwed up), government compliance issues, higher than expected property taxes, legal fees when something goes wrong and you have to sue the developer for overruns, extra high insurance premiums, corner-cutting on build quality that won’t show up for 7 more years but costs you a bundle then…

    You will not have all of these problems, but it seems unlikely that you can build your million dollar home without at least having some of these problems.

    2. Two incomes? If you are planning to get a mortgage for the house, then you need a buffer to pay for the mortgage. If you are dependent on two incomes to pay the mortgage, then recognize that the day will come when you do not have two incomes.

    And it’s not a matter of being “good” at your jobs. It’s just a matter of the numbers game. At some point everybody loses a job. You just need to have cash sitting around to deal with it. Of course, homes tend to be giant cash sinks.

    3. Your house is expensive, even by Edmonton standards. The average household income in Edmonton is about $100,000. So your million dollar home is way beyond what the average person can afford. A family needs to be able to make $250k+ to afford a million dollar home (I would personally say $350k+). That’s two high-end professional salaries.

    So there are a limited number of people who can buy your house from you. This makes your house very illiquid. If you need to move or sell the home for some reason, it could spend months on the market.

    4. How settled are you in Edmonton? Don’t get me wrong, I’m not dissing Edmonton, I lived there for a year and really enjoyed it. But I also no longer live there. I’ve moved a few more times and am making double what I was making there. For my career (computer programmer), the Edmonton market was simply “not there” relative to other places.

    If you’re considering a million dollar place, you are (both?) making very good money, but it’s worth considering how volatile you expect that money to be. You don’t mention your career, but you have to consider the very real cost of being locked in Edmonton if the market shifts in 7-10 years and the good money has moved to somewhere else. Jobs at the top end of the jobs market can be very location and time dependent.

    Either way, I’m not saying you should not make the purchase. All of my questions are pointed the other direction: “do you have the means to overcome this inevitable hurdle?” And if you do, then by all means, go ahead and buy the place of your dreams :)

  • JustAThought March 24, 2012, 7:43 pm

    @GatesVP

    Nowadays in Edmonton, there are million dollar homes being constructed in the suburbs by the hundreds, million dollar homes are really not as uncommon as they used to be when maybe during the time you lived here. Closer to the city, I have seen houses around 800-900k getting multiple offers with people just wanting the lot. What you’ve posted are very valid questions, but they don’t just apply to Edmonton. In my social circle, we are all very settled in Edmonton, with very established businesses and careers, our living and earning situations are not as volatile as you may have suggested.

  • Gates VP March 26, 2012, 6:47 am

    @JustAThought

    Just to put this into perspective. I live in the Bay Area in California and work in the red hot tech startup industry. I make over twice the median family income for the region + healthcare and + stock options. Based on my salary I’m in the top 10% of income-earning families.

    I could not reasonably afford a million dollar home. If I cashed out my stock options and continued to earn my salary or better, I could still not reasonably afford a million dollar home. My father’s an engineering manager in Edmonton, he can’t afford a million dollar home.

    You’re talking about buying a home that like 2-8% of the population can even consider affording. That is not small potatoes.

    Nowadays in Edmonton, there are million dollar homes being constructed in the suburbs by the hundreds,…

    Just because everyone is doing it doesn’t mean it’s a good idea.

    What you’ve posted are very valid questions, but they don’t just apply to Edmonton.

    Hold on, did you just end that sentence with Edmonton? Edmonton has no demonstrated resilience to booms and it’s not an international city like SF, NY, TO, LA or London. It’s not the center of some key universe like finance or tech or entertainment.

    Do you not remember what happened in the 80’s? (no I’m not talking about the Oilers :)

    You have just pulled out the single most dangerous mindset in all of finance. “This time will be different”

    Look at your sentence again: “those are good questions, but this Edmonton thing is really special and those questions don’t apply”

    There’s a book for that… spoiler alert, it usually doesn’t end well… enjoy your million dollar home.

  • Janice April 12, 2012, 2:12 am

    We’re in Winnipeg, and the prices of building a home is crazy! 2 yrs ago we built with Randall homes, it was not too bad, but they’re not custom builders. Our home is 1800 sq ft and costed us about $360K…. But hardly anything was upgraded, only our granite countertop and a fireplace… Now we’re trying to upgrade to a slightly bigger size of 2200, and we’re told by many builders that we’re looking at at least $450K! And for a custom builder, at least $520K! And with a much smaller lot! Just the lot alone has gone up for $5000 at least, for standard lots! Is anyone else wanting to build in Winnipeg? We’re considering Gino homes… Any advice??????

  • carrie capon September 20, 2012, 11:39 pm

    I am just looking into the cost of building a custom home in Winnipeg. I am even wiling to live on the out skirts of the city. I was thinking of a 1500 sq ft home. Probably a bungalow. No basement. I was wondering what a safe guess might be on the price. Just to give myself an idea for the future.

  • Mat September 23, 2012, 10:41 am

    I am in process of negotiating the purchase of a 1660 sq ft building near Carbonear, NL that was recently built about 3 years ago as a business with own septic system and artesian well. I want to convert it into a home. I got one contractor’s quote. He stated about 40 grand to do all the renos, stripping all dry wall, reconfiguring walls, plumbing, electrical wiring, installing kitchen, bathrooms,ceilings, floorings everything except the paint. I think the quote is about 20 grand short and most likely would cost 50 to 60 grand for a complete make over.. Any one think 40 grand is average for such a renovation project?

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