Q: How much does it cost to renovate?
I recently purchased a 2,200sqft home as an investment, but now I have decided to use the home as my main residence. I have a very high end taste and the home is worthy of high end furnishings. I have $300k set a side for renovation, and furnishings, how much will it cost me to furnish the home?
I get this question all the time and there is no fast, quick, and magic number per square foot. It all comes down to the extent of your renovation project coupled with the finishes you prefer. Labour costs will vary according to where you are located.
Currently our costs in Canada are higher than what would be found in the US. The best advice I could give you, is start with a budget and a list of the things that you need to have done and what you could put off later (define your scope). Having said that, the more renovation projects you have done at the same time the more savings’ you could realize.
In any event good luck and have fun with it!