{"id":26138,"date":"2023-10-23T20:45:40","date_gmt":"2023-10-23T20:45:40","guid":{"rendered":"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/"},"modified":"2024-02-29T21:21:41","modified_gmt":"2024-02-29T21:21:41","slug":"the-cost-to-renovate-part-1-now-vs-then","status":"publish","type":"post","link":"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/","title":{"rendered":"The Cost to Renovate, Part 1 &#8211; Now vs. Then.\u00a0"},"content":{"rendered":"<p><a href=\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/door-bumpers.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-402 size-full alignleft\" src=\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/door-bumpers.jpg\" alt=\"\" width=\"355\" height=\"266\" \/><\/a><\/p>\n<p>8 years ago, I bought 5000 tiny little rubber bumpers to have in stock for use as needed when installing Kitchen cabinets.\u00a0 The cost of them worked out to around $0.02 each.\u00a0 Today those same little bumpers cost about $0.07 each, almost quadruple what they cost 8 years ago. That kind of price increase isn\u2019t uncommon, yet I get clients who think it should cost around the same to renovate a bathroom as it did 5-10 years ago.<\/p>\n<p>&nbsp;<\/p>\n<p>In many instances, the client has renovated in the past and has set a budget in line with the last time they did a similar renovation.\u00a0 But a renovation done 5-10 years ago will have cost much less than the same reno today.\u00a0 When deciding on a budget, some things need to be considered; especially the areas in which prices are being driven up.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Things driving up the cost of renovation:<\/strong><\/p>\n<ul>\n<li><strong>Fuel charges<\/strong>: This affects the transportation and delivery costs of the materials needed.<\/li>\n<li><strong>Insurance costs<\/strong>: Labour is more costly today, partly due to fuel, but also due to insurance requirements, especially WSIB.<\/li>\n<li><strong>Supply and demand of labour<\/strong>: Good help is very difficult to find and in many cases you will get what you pay for. Although occasionally a great handyman comes along who can provide quality work for an affordable price, it has been my experience that the low-cost renovator has questionable skills, can be unreliable and won\u2019t do the work to the quality expected.<\/li>\n<li><strong>License costs<\/strong>: These are the fees to keep special trades licensed.<\/li>\n<li><strong>Overall cost of living<\/strong>: Think about the % increase in min. wage over the past few years. Contractors and trades people will be charging the same % more per hour to do work.\u00a0 They have to deal with the increase in the cost of living just the same as anyone else.<\/li>\n<li><strong>Supply and demand<\/strong>: As resources are depleted and skilled manpower is booked, it drives up the value of materials and labour.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>What does this mean?\u00a0 <\/strong><\/p>\n<p>Be prepared to spend more.\u00a0 5-6 years ago I could remove and replace a tub for around $3000 materials, labour and taxes included.\u00a0 But 5 years ago the materials cost only around $1500 and the labour was around $25\/hr.\u00a0 Today the same materials cost around $2000-$2500 and the labour is around $40\/hr, and more if working with a licensed plumber.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>The High Cost of Cutting Corners<\/strong><\/p>\n<p>Cutting corners may seem like the only way to keep the cost down. This is <u>NEVER<\/u> a good solution!\u00a0 It <u>will<\/u> cost you more in the long run.\u00a0 I have had many clients who chose to go with the cheapest quote, and in the end, the renovation cost more than the highest quote.\u00a0 Many trades and suppliers leave things out of the quote to hook you with a bargain price and then:<\/p>\n<ul>\n<li>\u201cthat\u2019s extra\u201d comes up as you ask for things moving forward<\/li>\n<li>if the workmanship is poor, you end up spending more dollars to correct what you are not happy with<\/li>\n<li>Your valuable time is lost, with the possibility of lost pay because you needed to be available to deal with the issues.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>The cost of many items have skyrocketed. Others have had seemingly normal increases in cost over the years. Regardless, the fact is&#8230; things cost more today. That means that, overall, a renovation will cost more now compared to the cost of the same renovation 5-10 years ago.<\/p>\n<p>&nbsp;<\/p>\n<p>Read Part two of this 3 part series for some tips on how you can spend your time and money wisely and how to be better prepared for the expense of a renovation. \u00a0When planning a renovation a &#8220;Plan&#8221; is key in being prepared! \u00a0Working with a designer is a great way to be prepared.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>8 years ago, I bought 5000 tiny little rubber bumpers to have in stock for use as needed when installing Kitchen cabinets.\u00a0 The cost of them worked out to around $0.02 each.\u00a0 Today those same little bumpers cost about $0.07 each, almost quadruple what they cost 8 years ago. That kind of price increase isn\u2019t<\/p>\n","protected":false},"author":1,"featured_media":26141,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Cost to Renovate, Part 1 - Now vs. Then | Simply Design<\/title>\n<meta name=\"description\" content=\"Read our 3 part series for some tips on how you can spend your time and money wisely and how to be better prepared for the expense of a renovation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Cost to Renovate, Part 1 - Now vs. Then | Simply Design\" \/>\n<meta property=\"og:description\" content=\"Read our 3 part series for some tips on how you can spend your time and money wisely and how to be better prepared for the expense of a renovation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/\" \/>\n<meta property=\"og:site_name\" content=\"Simply Design\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-23T20:45:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-29T21:21:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/door-bumpers-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"355\" \/>\n\t<meta property=\"og:image:height\" content=\"266\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ryan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ryan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/\",\"url\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/\",\"name\":\"The Cost to Renovate, Part 1 - Now vs. Then | Simply Design\",\"isPartOf\":{\"@id\":\"https:\/\/simplydesign.ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/door-bumpers-1.jpg\",\"datePublished\":\"2023-10-23T20:45:40+00:00\",\"dateModified\":\"2024-02-29T21:21:41+00:00\",\"author\":{\"@id\":\"https:\/\/simplydesign.ca\/#\/schema\/person\/774d44e7794edd112ebbf716acd103e9\"},\"description\":\"Read our 3 part series for some tips on how you can spend your time and money wisely and how to be better prepared for the expense of a renovation.\",\"breadcrumb\":{\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/#primaryimage\",\"url\":\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/door-bumpers-1.jpg\",\"contentUrl\":\"https:\/\/simplydesign.ca\/wp-content\/uploads\/2023\/10\/door-bumpers-1.jpg\",\"width\":355,\"height\":266},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/simplydesign.ca\/the-cost-to-renovate-part-1-now-vs-then\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/simplydesign.ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Cost to Renovate, Part 1 &#8211; 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