Design Advice

In Today’s Housing Market, Renovation Just Makes Sense

Your current house might not be your dream home, but is it really worth selling? For so many families, the decision to sell is a tough one. With a next-to-impossible housing market where demand far outweighs supply, staying put in a home that isn’t quite right—especially if the location is pretty good—is becoming more and more appealing.

The Headache of Buying

As many potential buyers know, the Toronto area housing shortage is a very real problem. Fewer houses mean higher price tags, and rising costs mean less square footage for your money—a nightmare for growing families whose goal is to get a bit more elbow room. What’s more, the soft costs of buying a new home—from closing costs to hiring movers to painting, replacing carpeting, and more—have a tendency to add up quickly.

Exploring Other Options

Now, more than ever, choosing to renovate your current space makes a lot of sense, especially if you like your neighbourhood, school district, and commute. Investing the money you’ve earmarked for buying a new property into your current home can help you get just what you want—and increase your equity if you plan on selling later on. Wondering where to start? Georgian can help you come up with the perfect plan for making your house fit your needs. (Pro Tip: As the heart of the home, beginning with a reimagined kitchen often makes the biggest impact for busy families!)

The Renovation Process

By opting to trust a design-build firm like Georgian with handling your renovation, you’ll have the benefit of a dedicated team of experts to help guide you through every phase of your project, from initial concepts and design development to permitting and building to final touches. We’ll be glad to guide you through these key steps—and more—along your renovation journey:

·       Project planning and design exploration

·       Demolition as needed

·       Rebuilding, framing and addressing structural concerns

·       Behind-the-scenes work, like plumbing, HVAC, electrical, and more

·       Adding walls

·       Laying flooring

·       Installing custom elements, like cabinets, built-ins and more

·       Final touches and interior design elements

To help us gain a deeper understanding of your renovation goals—and budget—we’ll begin with our signature Feasibility Study. This comprehensive resource guide will help you visualize your renovated space using schematic layouts and detailed, 3D renderings; see just how your budget will be allocated with no surprises; understand your project’s timeline; and eliminate the stressors of living amidst a construction zone so you can focus on enjoying life in your refreshed space before you know it.

How Long Will It Take?

Depending on the scale, your home renovation project could take anywhere from a few months to a year. To help keep you in the loop as you count down the days, your point person on the Georgian team will provide you with a detailed schedule of what’s happening on site, as well as any changes that might come up. (For comparison, many home buyers have been hunting for a year or more without snagging a house that fits their needs.)

What’s the Cost?

As of 2023, the average cost for a whole-home renovation/addition in the Toronto area is between $350 and $500 per square foot. By comparison, the average cost of a home this year is over $1.1 million. Is it worth it? Getting the space you’ve been dreaming of AND adding equity at the same time is definitely a plus!

Start Planning Your Renovation Today

In spite of Toronto’s housing nightmare, your dream home is closer than you think with a renovation planned specifically to meet your family’s unique needs. Rather than taking on the emotional rollercoaster of *almost* buying a new home before being disappointed over and over again, let Georgian Design Build help you create the space you’ve always wanted right where you are. Our top-tier talent, ranging from designers and project managers to master craftsmen and licensed experts, is dedicated to providing the high-quality results you deserve without the headache. Schedule a consultation with our team today and see how we can help you transform your home!