Written by Ozzy De La Paz Maldonado   |   Posted on   |   124 views


The first step in any renovation project is budgeting. Before you can begin the process of planning and executing your renovations, you need to determine how much money you have available to spend on the project.  You may have equity in your home that your mortgage provider can advise you on what you can comfortably afford.

By getting multiple quotes from builders, sourcing a variety of materials and ensuring durable finishes in the home, you’ll be creating a budget that creates a quality end product.

Remember, you need to factor in the cost of materials and labor but also the cost of permits, inspections, and other related expenses such as insurance.

Once you have determined your budget, it’s important to stick to it as closely as possible.  Of course, there will always be unexpected expenses that come up as you begin the work. Having a little extra money in the budget for these things that pop-up will help make sure you don’t overspend.

Building Codes

Another important consideration when renovating a multi family home is ensuring compliance with all applicable building codes and regulations.

Building codes vary from city to city as well as county-to-county so it’s important to research the applicable codes in your area before beginning any work on the property. This will help ensure that all work performed on the property meets local standards for safety and reliability while also avoiding costly fines or penalties for noncompliance with applicable laws or regulations.

A quality, licensed contractor will be familiar with required building codes and the required permits and inspections you’ll need to create a legal multi family home.

Additionally, it’s important to check with local zoning boards or homeowner associations prior to starting any work on the property in order to make sure there aren’t any restrictions on what type of work can be done or limitations on noise levels or other factors during construction hours.

*All information provided by the Brantford Regional Real Estate Association (BRREA) and ITSO for the highest sales volume and highest number of completed transactions since January 1, 2015. All Brantford MLS® House Listings come from the various systems operated by Real Estate Boards and Associations across Canada. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used underlicense. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.



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