With any renovation project there are many questions. We believe that you need to ask the questions. Below are some of the more frequently asked questions about renovations. But every renovation is unique. We believe that providing you the information you need is the best way for you to make an educated choice about what is best for you.
How much will I pay for a basement development?
For basements under 1000 sq. ft an basic price starts at $45/foot for a development with a bathroom. For basements over 1000 sq. ft prices may range from $45 and up/foot, depending on level of finish and extra features such as wet bar, higher end cabinets and fixtures.
How long will it take to complete a basement development ?
A 600 to 1000 sq ft basement renovation will take between 6 and 12 weeks to complete. This does not include the time it takes for permits to be approved through the regional building department.
Should I get a permit for my renovation?
YES! Many homeowners do not understand that if you ever have damage to your home that originates from the renovation work it may not be covered by insurance if you did not have a permit for the renovations. It also ensures that the contractor builds your project to meet the Alberta building code.
Is finishing my basement a good investment?
The average return on investment is 154%. If this is a major concern you should check with an experienced real estate professional, as your neighbourhood, current size of your home and current market conditions will have an impact on the answer.