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Tag: New Home Build Cost Calculator

  • New Home Building Cost Calculator

    New Home Building Cost Calculator

    Get a no-charge, no-obligation estimate for your proposed new home construction project below

    We have noticed for a while now that there has been a massive learning curve for home owners and investors alike in understanding the true costs of building a home in Toronto, and the surrounding area.

    With our experience in estimating, procuring, and executing new home building projects, we have created a data-focused way of evaluating the costs of completing these projects using the costs from our completed home building projects. Using this data, along with some testing, we have come out with our first home building cost calculator to allow home owners and real estate investors alike determine what their budget should be for their home build.

    Please refer to our home building cost calculator below and we look forward to answering any additional questions you have about building a new home in Toronto.

    This calculator is exclusively for calculating new home-building projects, not garden suites, laneway suites, or home additions. We have created a garden suite and laneway suite cost calculator that you can find on our garden suites page in the construction cost section.

    We have also created a home addition cost calculator for anyone interested in adding additional space to their home.

    Important Things to Note about this calculator

    • The submission will ask you for your email to send you the estimation and make changes to your submission. If you are in our service area, we will reach out to see if you have any additional questions that a human can help you answer. Check out our service area page to find out if we complete new home building projects in your area. If you are just outside our service area shown we can still help with the architectural design through The Constructible Design Co.

    • The accuracy of this calculator is entirely based on your input, so please be sure to enter answers that make sense to what you want to achieve. For example, you aren’t going to be able to have a 3 car garage with a 1000 square foot new home build in most of Toronto due to lot sizing and zoning by-laws. In other words, garbage in equals garbage out.

    • The calculator is meant to give you a RELATIVE idea of new home building costs (+/- 10-20 %), but it not meant to be finalized pricing in any way shape or form. If you would like to get a more accurate gauge of costs you will have to complete a consultation with BVM Contracting to determine your scope in a more comprehensive way. We have a database of recently completed projects that will help give you a clearer picture of what the scope of work will look like for your project

    • Just like anything worth using this calculator is a work in progress. Our plan is to iterate to make it more accurate as we move along. If you find that the cost you have been given is unrealistic in anyway please let us know.

    About BVM COntracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, lot severances, and new home construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.

  • Home Building Readiness Assessment

    Home Building Readiness Assessment

    Home Building Readiness Assessment

    Do you think you are ready to take on a new home-building project? Put your readiness to the test with our home building readiness assessment tool, which will allow you to determine which areas you need to work on before completing a home build.

    This assessment will take you less than 2 minutes to complete and there is no contact detail wall until after you receive your score. If you decide you would like to contact us to schedule a no-obligation, no-charge home building consultation to help improve your score we allow you to do so after you have received your score.

    Key Take-aways for assessing your readiness to build

    Home Building Costs: It is important to know how much your home building project is going to cost before wasting money on a design you cannot afford. BVM Contracting can help you get a realistic project budget in place using our database of historical home building projects. We even have a new home-building cost calculator for a quick estimate of how much your proposed home build is going to cost.

    Property-specific Zoning Information: If you are not allowed to build what you are hoping to build on your property there is no point in spending money on a design and permitting! It is important to know what is and isn’t possible on your property and BVM Contracting has the in-house team (and industry contacts) to advise you.

    Receiving Fee Proposal from Architect or Permit Designer: Before you go into the design process guns-a-blazing you should understand the total costs of your design and how much the permits will cost before committing to working with the designer. You should also know how much your proposed project may cost before going into the design phase, which any reputable home builder will be able to help with. BVM Contracting not only provides preliminary pricing BEFORE our clients enter into agreements with architects and permit designers, but we also work with your chosen design partner to ensure that the design fits with your budget.

    Home Building Project Financing: Often this is left till our clients have all of the above information (to avoid spinning tires and getting unnecessary credit checks), but very important. For bonus points (and to be in a better position for your discussions with home builders and design partners) you can look into your borrowing power BEFORE you start the process by using one of the many home financing/refinancing tools/calculators out there on the internet. It takes some work upfront but is worthwhile so you aren’t wasting too much time if you can’t yet afford the home build you want to complete.

    Updated Topographic Survey: Once you determine your preliminary home building costs, get your fee proposal from your design partner, get confirmation that you will be able to build what you want to build, and confirm that your financing is for the project you can then get an updated topographic survey of your property (which we can help you with by referring one of our surveyors).

    Conclusion

    It is important to understand how ready you are to build and our assessment tool will give you a great idea of where you stand. If you still need to fill in some gaps BVM Contracting is here to help you become 100 percent ready and feel confident about tackling your upcoming home building project.

    About BVM COntracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, lot severances, and new home construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.