Renovation Budget Planning

A realistic budget covers more than the contractor's labour. Consider: • LABOUR — contractor and trade labour. • MATERIALS — including delivery. • PERMITS — building permit and other fees. • DESIGN — designer, architect or engineer fees where needed. • DISPOSAL — bin rental and removal of debris. • TAXES — HST on labour and materials. • UNEXPECTED WORK — conditions discovered after demolition (rot, old wiring, plumbing issues). • UPGRADES AND CHANGE ORDERS — changes you choose during the project. CONTINGENCY There is no universal percentage that fits every job. Older homes and projects that open walls or floors typically carry more unknowns. Discuss a sensible contingency with your contractor for your specific project.