Condo Renovation Costs in Vancouver: What To Know in 2023
Are you considering renovating your condo in Vancouver?
If so, you're not alone — thousands of homeowners every year embark on home renovation quests for all kinds of reasons, from matching their homes to their personal aesthetics to raising overall property values.
A condo renovation can breathe new life into your space, as well as enhance your overall quality of life. While most condo associations handle all external renovation work, it is up to you how you customize and renovate the interior of your living space.
In this article, we are diving into the costs of renovating a condo in Vancouver, including providing detailed cost breakdowns and estimates to help you create a realistic budget. Plus, we discuss key renovation factors to consider, such as Vancouver permit requirements, that can result in hidden costs you need to be aware of before starting your renovation project.
The cost range of a full condo renovation in Vancouver is roughly $40,000 to $130,000+. Keep reading to discover everything you need to know about the cost of renovating a condo in Vancouver!
The Factors Affecting Condo Renovation Costs
Before diving into the specifics of condo renovation costs in Vancouver, let's first examine the key factors that can significantly influence the overall price tag of your condo renovation project:
Condo Size: When creating your condo renovation budget, the first key step is to determine the size in square feet of your condo. Most renovation projects are priced roughly by square foot, making it vital to know the exact size of the space you plan on renovating. Larger condos will generally require more materials and labor, which can drive up expenses.
Project Scope: The extent of your renovation plays a crucial role in determining the final cost. Are you planning a full-scale makeover, or are you focusing on specific areas like the kitchen or bathroom? The more extensive the project, the higher the costs will be.
Materials and Finishes: Any renovation project will require you to obtain a variety of different materials, supplies, and finishes to give your condo a beautiful final touch. The choice of materials and finishes can have a substantial impact on your budget. High-end materials will naturally cost more than their standard counterparts.
Labor Costs: Labor costs can vary depending on the complexity of the project and the skills required. Skilled tradespeople often charge more for their expertise and can have differing pricing models, making it highly important to talk with multiple labor providers before making a decision. Alternatively, you can handle all of the labor on your own, but there is a significant time cost to consider that may inhibit you from completing your regular job during the project.
Permit and Inspection Fees: In Vancouver, you may need permits for certain renovation projects. These permits come with fees that should be factored into your budget. All information on permit requirements for renovation projects can be found on the City of Vancouver website, where you can also find a guide to When You Need a Permit.
Location: The location of your condo within Vancouver can also affect renovation costs. If your condo is in a busy downtown area, logistical challenges and parking restrictions may lead to increased costs. You may also find renovation companies within your local area are more expensive depending on the neighborhood you live in, further emphasizing the importance of shopping around before signing any official labor contracts.
Unforeseen Issues: Renovations can uncover hidden problems like plumbing or electrical issues, which may require additional budget allocation for repairs and replacements. Always factor in an additional 5% to 10% of your budget for unexpected issues that may drive costs up further.
A Cost Breakdown for Renovating a 1,000-sqft Condo in Vancouver
We’ve covered the main factors influencing condo renovation costs — let's move on to a more detailed cost breakdown for renovating a standard 1,000-sqft condo in Vancouver.
When calculating the cost of a condo renovation, it is highly important to consider all of the many expenses involved to determine where you want to commit your funds. As we discuss the potential costs for a 1000-sqft condo, keep in mind that these costs can vary and are highly dependent on your specific project requirements and decisions for materials, labor, and other factors.
Here’s an overview of the costs of renovation for a 1,000-sqft condo in Vancouver:
Materials: Materials make up a significant portion of renovation costs. Depending on your preferences, materials for flooring, cabinetry, countertops, fixtures, and paint can range from $5,000 to $30,000 or more.
Labor: Labor costs can vary widely, but for a moderate renovation, you can expect to pay between $10,000 to $40,000 or more. Skilled tradespeople — such as carpenters, electricians, and plumbers — will charge different rates depending on the scope and complexity of the project.
Permits and Inspections: Permit fees in Vancouver can range from a few hundred to over a thousand dollars, depending on the type and scope of your renovation. Inspection fees may also apply, adding another few hundred dollars to your budget. Get in touch with the City of Vancouver for more specific information on renovation permits and costs.
Design and Planning: If you hire a professional designer or architect, their fees can range drastically depending on the scope of your project and the designer’s professional rates. According to data from HomeStars, the cost of an architect in Vancouver can range from $5,000 to $50,000, or an average of around $18,000.
Fixtures and Appliances: Upgrading fixtures, appliances, and lighting can add anywhere from $1,000 to $15,000 to your expenses. If you are only updating your lighting fixtures, you can expect to fall on the lower end of this spectrum — however, if you plan to replace all fixtures and appliances, you can easily end up paying $15,000 or more in total.
Painting: The cost of painting your condo can vary depending on the number of rooms, the quality of paint chosen, and whether or not you work with a professional paint company. The average cost of painting a condo in Vancouver can vary drastically depending on these factors. For the paint itself, you can expect to pay between $15 to $300 per gallon of paint, with roughly 2 gallons needed for every 500 sqft.
Miscellaneous Costs: Don't forget to account for costs like demolition, waste disposal, unforeseen issues, and any additional features you wish to add, such as built-in shelving or custom closets. Miscellaneous costs can add up quickly, making it a wise decision to leave significant wiggle room within your budget.
When you add all these elements together, renovating a 1000-sqft condo in Vancouver can cost anywhere from $50,000 to $100,000 or more. Keep in mind that this is merely a general estimate, and your actual costs may differ based on your specific preferences and project details.
Different Types of Renovations & What They Cost
Now that we've covered the overall cost breakdown, let's delve into different types of condo renovations and what you can expect to pay for each:
The Cost of a Condo Kitchen Renovation in Vancouver
The kitchen is often considered the heart of the home, and a well-designed kitchen can significantly enhance your condo's functionality and appeal.
According to HomeStars data, a kitchen renovation in Vancouver can cost anywhere from $130 to upwards of $50,000 depending on the scope of the project.
Using HomeStars data for Vancouver, here's a breakdown of costs for a kitchen renovation in Vancouver:
Cabinetry: HomeStars reports that cabinet installations cost an average of $2,050 and cabinet resurfacing costs an average of $1,250 in Vancouver. Your cabinetry costs will depend on whether or not you plan on installing custom cabinets. Custom cabinets can range from $10,000 to $30,000 or more. Semi-custom or stock cabinets are more budget-friendly options.
Countertops: New countertops can add a lot of visual appeal and freshness to your kitchen. HomeStars data reports that the average cost of a counter installation in Vancouver is $3,500. Depending on the material chosen (e.g., granite, quartz, or laminate), however, your total cost for countertops can range between $2,000 to $6,000 or more.
Appliances: High-end appliances can be a substantial expense, with costs ranging from $5,000 to $15,000 or higher. Consider energy-efficient options to save on long-term utility bills. As for installation costs, HomeStars reports that the average cost of appliance installations was $2,000.
Flooring: Kitchen flooring costs can vary widely based on the material, with options like tile, hardwood, and vinyl ranging from $1,000 to $8,000 or more. HomeStars reports the following average prices for different types of flooring — $3,414 for laminate flooring, $7,900 for tile flooring, $4,441 for vinyl flooring, and $6,814 for wood flooring.
Fixtures and Lighting: Updating fixtures and lighting can easily add another $2,000 to $5,000 to your kitchen renovation budget.
In total, a kitchen renovation in Vancouver can cost anywhere from $30,000 to $70,000 or more, depending on your choices and the size of your kitchen.
The Cost of a Condo Bathroom Renovation in Vancouver
Bathroom renovations are another popular condo improvement project and can be very costly depending on the complexity of the renovation. For instance, if you are making any changes to your interior plumbing or electrical wiring during a bathroom renovation, this can rack up additional costs quickly.
According to HomeStars data, the average cost of a bathroom renovation in Vancouver is $11,401 — though this cost can range between a low of $1,000 and a high of $49,000+.
Using HomeStars data as a basis, here's a cost breakdown for renovating a bathroom in Vancouver:
Fixtures and Vanities: New fixtures, including sinks, toilets, and vanities, can range from $2,000 to $7,000 or more. According to HomeStars, faucet installations can cost an average of $860, while sink installations can cost an average of $265 — bringing the average cost of replacing the sink and vanity to $1,125.
Tiling: Tiling the bathroom can cost between $2,000 to $6,000, depending on the size of the space and the type of tiles selected. HomeStars reports that the average cost of tile installation in a Vancouver bathroom is $1,900.
Shower or Bathtub: Replacing or upgrading your shower or bathtub can add another $2,000 to $5,000 or more to your budget. If you plan on having a custom shower or bath constructed, this price can increase further and easily surpass $10,000+ for the custom design and labor.
Lighting and Accessories: Budget an additional $1,000 to $3,000 for lighting fixtures, mirrors, and other accessories.
In total, a full bathroom renovation in Vancouver can cost between $10,000 to $30,000+ in total.
The Cost of a Full Condo Renovation in Vancouver
We have already discussed the cost specifics of a full condo renovation in Vancouver — but what final price can you expect if a full renovation is in order?
Let’s quickly recap on the potential costs you face:
Kitchen Renovation Costs: A kitchen renovation can easily be the costliest part of a condo renovation project, with the price ranging from $30,000 to $70,000+ in total.
Bathroom Renovation Costs: Bathroom renovations are the next biggest expense in a total condo renovation, costing between $10,000 to $30,000+ in total.
Bedroom & Living Room Costs: Bedroom and living room costs are often lower than kitchen and bathroom costs. However, you still need to account for any flooring changes, wall painting, new fixtures, and potential electrical issues. In total, the cost of renovating bedrooms and living rooms can range from $1,000 to $30,000+.
When we add these average costs up, that brings us to a final cost range of roughly $40,000 to $130,000+ for a full condo renovation in Vancouver.
Why You Should Work with a Vancouver Renovation Specialist
Condo renovation costs in Vancouver can vary widely depending on factors such as size, scope, and materials. It's essential to plan your renovation project carefully, set a realistic budget, and consider all the factors discussed in this article before embarking on your renovation journey.
To get the best final result possible, consider working with a Vancouver renovation specialist.
With the help of a specialist, you can add value and aesthetic appeal to your home that matches your exact goals and specifications. Plus, a renovation specialist can help you find the best deals on materials and supplies within the Vancouver area, as well as help you connect with the most reliable labor providers.
Remember that while renovating your condo can be a significant investment, it can also add value to your property and create a more comfortable and enjoyable living space. Before starting your renovation, consult with professionals, get multiple quotes, and make informed decisions to ensure a successful and cost-effective project.