Everyone wants something trending, and for this reason, design and build has always been everyone’s choice, especially in Toronto. Everyone wants to have something good-looking and professionally designed as property, and this can only be achieved when we opt for a design and build service in Toronto.
Now, what does it take to execute a design and build renovation or construction project?
This article is a guide and would significantly help in having a better understanding of the entire design and build process starting from the architectural fees, permits and city fees, renovation costs, landscaping cost, moving out and rental property costs, insurance, water bill and so on.
However, the costs of these services will be lightly discussed in the following paragraph.
Cost Table For Design and Build In Toronto – 2024
| Low Quality | Medium Quality | High Quality | |
|---|---|---|---|
| Demolition | $30 000 | $30 000 | $30 000 |
| Construction | $90 / sq ft | $110 / sq ft | $120 / sq ft |
| Rough Ins | $40 / sq ft | $40 / sq ft | $50 / sq ft |
| Exterior Finishes | $45 / sq ft | $55 / sq ft | $65 / sq ft |
| Interior Finishes | $70 / sq ft | $80 / sq ft | $100 / sq ft |
| Total | $260 / sq ft | $300 / sq ft | $350 / sq ft |
| Drawings | $10 / sq ft | $15 / sq ft | $20 / sq ft |
Architectural and design fees
No doubt, paying an architect to design something so unique or customized design is never cheap. It requires something a bit expensive.
Generally, architects are professionals, and hiring them for a design and build project is usually not cheap. The truth is, you get more than what you pay for. Guaranteed.
Their professional contribution in making your home dream come through is enough for their extra charges.
Now, how much do you pay for your architectural and design fees in Toronto?
It depends. Majorly, your fee is based on the size of your building and some other known factors which would be clearly defined by an architect depending on your design in Toronto.
Even though I earlier stated that the cost of this service is not cheap, nonetheless, the fact that it’s not cheap doesn’t mean it’s not affordable. Depending on the architect handling the design, generally in Toronto, architectural and design fee goes between $1.5 per square feet to about $12 per square feet.
The best is to contact your architect to get this done at a negotiable price.
Permits and city fees.
Permit fees are generally a few fees fixed by resolution of the council, and this fee is being paid to obtain a permit for any construction or renovation work in Toronto.
The permits and city fees in Toronto is something more affordable compared to other areas, making it a suitable place for everyone.
Just as earlier said, depending on the size of your project, budget, and square feet, and location, these are major factors being considered before a price is being placed on your building project.
As of 2017, the minimum permit fee was around $199, and currently, the permit for a change of use is around $286/permit, which may vary depending on the project at hand.
Renovation cost
This is something you’re expected to prepare for during the planning process. Depending on the volume of the renovation exercise, everyone is expected to have prepared some amount to kickstart the renovation process.
But generally, renovation cost per square foot in Toronto, especially for a basic full home renovation will cost between $100 to $200 per square foot.
Landscaping cost
The cost of landscaping has always posed a great challenge to almost every homeowner in Toronto. Although the cost of landscaping varies greatly, yet homeowners in Toronto usually spend between $1900 to $7000 for individual landscaping projects. Also, they spend almost $18000 on the entire landscaping project. As a rule of thumb, you are expected to spend about 5% to 10% of the total value of your home on landscaping.
Personal expenses
These are expenses spent based on individuals’ wants and choices during a renovation exercise or home building.
But note that during the renovation exercise, you are required to move out of your home for a while until completion, and you’ll need to secure a rental property for the meantime until your home is completely renovated.
Nonetheless, these expenses are personal because it’s your choice to determine what kind of apartment you’ll like to rent during the renovation period and how much you’re ready to pay. But always note that the higher the quality of the rental property, the higher the price and vice versa.
Ongoing house bills
These are categorized as other expenses necessary during or after the completion of the renovation and are tied to you enjoying the social amenities. These cover the water bill, insurance, mortgage, and electric bills. These are very affordable, and the earlier you pay, the better.
Conclusion
Building a home or renovating a home in Toronto is something you ought to have been fully prepared for. Although they are still very much affordable compared to some other areas, yet this article stands as a guide to help you understand what’s expected and how much you should prepare to have your home completely renovated or built using design and build in Toronto.
