How Much do Home Additions Cost in Toronto?

Homeowners want to know the cost of home additions for various reasons. You may be looking to expand your current living space, while others may be interested in adding an extra bedroom or bathroom to their home. Whatever the reason, everyone needs to know how much a home addition will cost before you begin the process.

Several factors go into determining the cost of a home addition. First, of course, the size and scope of the project are essential factors, but there are also other things to consider, such as the materials used and the contractor you choose.

In this article, we’ll look at some factors which affect the cost of a home addition and provide ballpark estimates for what you can expect to pay.

Home Addition Costs per Square Foot in Toronto

The cost per square foot of home addition can fluctuate significantly depending on several factors but typically falls between $400 and $500. Therefore, if you want to add a 20 by 30 feet room with 600 sq. ft. of space, the project could cost up to $300,000. But should your ambition be an expansion that spans 2000sqft – such as adding another floor – you’ll likely have to invest between $800,000 to $1,000,000.

Trying to anticipate the cost of an addition can be a daunting task. Especially when considering smaller projects, they usually come with higher price tags per square footage. For example, if your addition is only 200 sq. ft., you could expect to invest roughly $150,000.

It is essential to remember that as the Toronto home market grows each year, renovation costs will rise similarly. The usual rate of increase rests between 5-10% annually.

3 Factors That Affect Home Addition Costs

Type of Home Addition

Regarding budgeting for an addition, the type of extension you decide on is a significant factor. For example, constructing a garage usually costs less than adding a family room; building out more space into your home with a family room tends to be less expesive than creating a kitchen area; and developing an in-law suite will probably cost more than any other option.

Location

When investing in an addition, it is vital to consider the location of your existing structure. Generally speaking, first-floor additions are more cost-effective than second-story constructions; however, architectural details may affect your situation accordingly. Keep in mind that when constructing a first-level addition, you must also abide by zoning regulations.

Ceiling Height Effect on Addition Costs

As demonstrated above, the size of your home addition matters significantly when calculating how much you’ll pay for the project. Additionally, its interior volume also contributes – higher ceilings equate to a larger bill.

If you’re considering a home addition, we advise you to know how much it will cost. In this article, we’ve looked at some factors that affect the cost of an addition and provided ballpark estimates for what you can expect to pay. Keep in mind that these costs may vary depending on your location and project scope. If you want more information about home additions or need help getting started, please contact Sunnylea Homes. Our team is ready to help you get your project off the ground and ensure it stays within budget.