Price is always on people’s minds when they’re looking to build or renovate a room in their custom home. Budgeting takes work, and it’s easy to see prices get out of hand. One of the hardest things for homeowners is figuring out if a quoted price is reasonable or not. To help you out, here is a breakdown of how much each room costs.

Kitchen Cost

The kitchen is usually the most expensive room in a home. Items like cabinets, appliances, and countertops can easily rise the price tag. Kitchens also see the most actions, so upgrades that improve functionality will help resale value. Luckily, even though kitchens are expensive there are some tips about saving and splurging you can follow to help.

Kitchen cost over $20,000 on average.

Garage Cost

The garage can be forgotten about square footage. Any extra space in Toronto is a luxury. Some people like taking advantage of that space, either by turning it into an extra room or just optimizing storage. Garages can be expensive to legally turn into livable space though.

Garage cost over $10,000 on average.

Basement Cost

Basements are huge selling features in GTA. Not only do they offer extra living space and storage, but also they have the possibility to make income if converted into a basement apartment. It can be costly to renovate a basement though, especially if you’re looking to move things like plumbing, electrical, or ductwork.

Basements cost almost $19,000 on average.

Bathroom Cost

Bathrooms see some of the highest resale returns, so if you’re looking to upgrade yours that’s a smart move. Just make sure you keep an eye on your budget because the cost can quickly rise if you are moving plumbing or getting expensive finishes. Master bathrooms are biggest selling points than guest bathrooms too, so keep that in mind.

Bathrooms cost more than $9,000 on average.

Attic Cost

Attics are extremely expensive to fix up. However, they offer some of the most gorgeous and creative spaces. Working in the attic may require a structural engineer or other specialized workmen. Even with a hefty price tag, attics can be worth it if you need that extra space.

Attics cost almost $50,000 on average.

Bedroom Cost

Bedrooms have a very wide range in price, from simple paint upgrades that cost a few bucks to completely gutting it and spending thousands. The price of a new bedroom depends on the size and level of detail you desire. Luckily, bedrooms are some of the cheapest remodels.

Bedrooms cost about $7,000 on average.

Living Room Cost

Living rooms see a variety of uses between families. Some are formal sitting areas and others are causal hangouts. Whatever you use it for, know that things like size, detail, and design elements all increase the price.

Living rooms cost about $3,000 on average.

If you want more specific pricing estimations for your custom home, contact us today!