SevernWoods Custom Homes Cost Guide 2022
SevernWoods Custom Homes Cost Guide 2022
SevernWoods Custom Homes Cost Guide 2022
RENOVATION
COST GUIDE
2022
TABLE
OF
CONTENTS
3
GETTING STARTED
4
COST PLANNING
9
HOME RENOVATION
COSTS
10
CUSTOM HOME
COSTS
11
ABOUT
SEVERNWOODS
GETTING STARTED
The choice between renovating an outdated home or building a new custom
home is a significant decision many homeowners face. Both are strategic
investments and budget is often the deciding factor. While cost is obviously
important, at SevernWoods, we understand that most homeowners also have a
deep desire for a well-designed, functional space that all household members
can enjoy. Our clients realize that budget is only part of the formula for an
amazing renovation experience. Things like customer service, quality of
workmanship, integrity, and trust are priceless for a project of this magnitude.
That said, we know everyone has a budget and for planning purposes, the
subsequent pages cover investment ranges for whole home renovations and
custom homes in the Toronto market. You will also find helpful checklists to
help you communicate your needs and desires for your dream kitchen and
bathroom. This Cost Guide was compiled specifically for Toronto and the fine
neighbourhoods within based on our own internal data and past renovation
and custom home projects. Keep in mind that these are average costs and that
actual costs vary based on many factors.
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COST PLANNING
When working with architects, custom home builders, or renovators, it is
important to communicate your innermost desires for your home because
many small variables can increase the cost. Our clients tend to have a special
appreciation for modern finishes, luxurious tech, and fine building materials in
their bathrooms and kitchens. These rooms impact the project budget greatly.
To help you communicate which luxurious features are your top priority, we
have created kitchen and bath wish lists for you. Some of these life-enhancing
features will affect your total investment more than others which is why it’s
intelligent to plan your building project with a firm experienced in modern
home renovations and upscale custom homes.
SEVERNWOODS
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OTHER COST FACTORS
Another factor to consider when pricing major renovations is sustainability.
Many of our clients request passive home design features, environmentally
conscious building materials and upgraded energy efficiency measures. These
building project goals can increase the total cost estimate for the renovation
substantially but homeowners may recoup a portion of that investment with
tax incentives and long term energy cost savings. It’s important to discuss your
interest in sustainable building options at the very beginning of your home
renovation journey. At SevernWoods, we have experience building award
winning homes with environmentally responsible practices and can help
architects and homeowners estimate the cost in detail.
Many of the most beautiful Toronto houses are old Victorians and century
homes. Smart investors may be interested in renovating and restoring a classic
home in an established neighbourhood instead of buying a new home farther
away from the city. While cosmetic issues will certainly need to be corrected,
it’s imperative that you figure out if your house needs foundation correction to
fix alignment issues and unlevel floors. A home may need new supporting
beams and floor joists, which would increase the cost as well and the timeline
or duration of the renovation.
SEVERNWOODS
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COST FACTORS
VARIABLES INFLUENCING COST
Architectural design
uniqueness and complexity
Size of home
Ceiling heights and interior
volume
Interior and exterior
finishes
Size of lot and access
Depth of basement and
excavation
Foundation restoration
Home construction type
Extent of home being
renovated
Size and complexity of
addition
Location of addition
SEVERNWOODS
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CUSTOM KITCHENS
MODERN KITCHEN WISHLIST
❏ High-end appliances
❏ Dual ovens
❏ Doors to patio/deck
❏ Sustainable building
materials
SEVERNWOODS
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CUSTOM BATHROOMS
MODERN BATH WISHLIST
❏ Curbless shower
❏ Steam shower
❏ Luxury tile
SEVERNWOODS
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LUXURY CUSTOM HOMES
We know that short term beauty has to stand up to long term quality and
that’s why we build according to exceptional standards of craftsmanship.
Discerning customers and quality architects hire us because we deliver
more. They know we believe the only way to judge the quality of the
home is to look at it years after it’s finished. Really good architecture
excites us and we started the company with the express purpose of
bringing great design to life.
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ABOUT
SEVERNWOODS
We build custom homes and whole-home renovations in the finer
neighbourhoods of Toronto. Our award-winning team knows that short-
term beauty has to stand up to long-term quality. That's why the 172+
projects we've completed to date still look great years later.