basement remodeling ottawa

Basement Renovation Checklist

If you have long dreamed of having a finished basement, one that you can use as an amusement room, entertainment area or as an extra bedroom, now may be the perfect time to start planning remodelling and renovation. If you are not sure where to start with your project, this checklist can help you. This will guide you through every step of the way, understanding how to pay for the project to give your finishing touches to your finished basement.

Financing Figuration

First, you will want to understand how much you can afford to spend on your project and how you will cover the costs.

Set a budget

There is a wide range when it comes to the cost of remodelling a basement. How much your project will cost counts on the size of your basement and how much you want to make. How much work you do yourself vs what you hire someone else to do also affects the overall cost.

Depending on the purpose of the project, the average cost to complete a basement can range from $ 6,500 to $ 18,500. Remodelling the basement to make it livable and usable can cost an extra $ 10,000 to $ 30,000.

You can use the value of your home as a guide when deciding how much to spend on renovating your basement. Usually, the cost of finishing a basement should not be more than 20% of the value of your home. How long you plan to stay home also affects how much you spend. If you plan to move for a few years, it makes more sense to limit the cost of your project, as you will not have much time to enjoy it and may not reimburse the cost when you sell the house.

How to pay for the renovation

You have several options to cover the costs of your basement project, depending on your current financial situation.

1. Pay in cash

If you have certain savings for large home improvement projects, it may make sense to pay for basement renovation with cash. Using your savings is a good option if the cost of the project will not completely dry out your account and if you do not want to take on extra debt.

2. Use a Personal Loan

Another choice is to apply for a personal loan and use it to cover the cost of renovating your basement. The terms of many personal loans often include fixed payments spread over up to five years.

3. Tap on the equity of your home

Depending on how long you have lived in your home and how much of the mortgage you have paid, you may have created a significant amount of your own capital. Equity is the value of your home less the amount left in the mortgage. If your home is worth $ 250,000 and you have a $ 100,000 mortgage left, you have $ 150,000 worth of equity.

You may be able to borrow against that capital to pay for your basement project. You can get a home equity loan, which is similar to a personal loan once you get the amount into a lump sum and repay it in a few years.

Another way to access your home equity is to apply for HELOC (home equity line of credit). A HELOC is like a credit card for renovating home projects. You can borrow against your equity, repay what you borrowed and then borrow more if needed.

While you may get a lower rate on a home equity loan or HELOC compared to a personal loan, your home is loan collateral, which means you can lose your home if you borrow too much.

Schedule inspections

Once you understand how much you spend and how much you will pay for your project, the next step is to look closely at the basement to see what is going on down there and what it may need.

1. Test for moisture

Moisture can enter the basement in several ways. It can:

  • Penetrate from the saturated soil around the house.
  • Come from the humid air outside.
  • Come out of the humid air inside the house.
  • Get into the air leaks.

Damp basements are common, and some estimate that up to 60% of basements have moisture problems.

To keep moisture and water from causing problems in a finished basement, it is important to test for moisture before doing anything. A home inspector can check your basement for signs of moisture problems, such as marks on the walls and skin paint. They can make recommendations for closing the basement or otherwise lowering the humidity level.

2. Check the Foundation

Your home inspector should also look closely at the foundation. They will let you know if they find any cracks or issues that are a concern and can recommend steps to take to fix the problem.

3. Schedule a Radon Test

Radon gas occurs naturally and is colourless and odourless. It often travels from the ground home through cracks in the foundation and can be found at high levels in homes across the US Since radon can cause cancer, ensuring that it does not have high levels in your basement is important before starting a renovation project.

Plan and Hire a Contractor

Once your basement has passed the inspection or you have taken the steps to fix any issues detected by the inspection, the next step is to start planning.

You can finish and renovate your own basement, but you may find that hiring a professional renovation contractor makes the process go more smoothly. When you work with a professional, it is very likely that your project will end quickly and be less stressful for you. A licensed contractor will understand the rules in your area, work with you to get the right permits and help you hire others to handle specialized projects, such as electrical work and plumbing.

fire damage restoration

Fire Restoration Services in Ottawa

When it comes to fire restoration or smoke damage, fast action is crucial for your property in Ottawa. Whether you are a homeowner or a business, a fire is among the most traumatic incidents that can happen to anyone. It can damage or even destroy your property and make a tremendous emotional toll on family members or employees.

In addition to the heat and fire, the effects of smoke including soot, debris, and odor can be massive and it is likely to cause surface discoloration. It also requires caution to your belongings because they can be damaged if not treated properly and immediately.

After a fire is extinguished, you must start fire damage restoration immediately to avoid further losses and achieve the best results. Renovco always stands ready to provide help in your fire restoration process in Ottawa.

Fire damage restoration services in Ottawa

During a fire, smoke is likely to be driven by heat and penetrates throughout your home. If combined with humidity, it will form corrosive residues that cause pitting and chemical burning.

The longer your home goes without fire restoration services, the greater the damage will be.

Our fire restoration in Ottawa goes through different procedures where we use the most up to date technology, equipment, and processes.

  • Smoke Odor Removal
  • Professional Deodorization
  • Emergency Cleaning and Sanitation
  • Pack-Outs and Contents Cleaning
  • Carpet and Pad Removal
  • Temporary Protection
  • Puff Back Cleaning
  • Wall and Ceiling Cleaning

A leader in smoke and fire damage restoration

At Renovco we provide comprehensive, professional smoke and fire restoration services for your property in Ottawa. In addition, we are committed to providing you with the best results possible, related to other restoration services such as water damage restoration, disaster restoration, mold removal, and more.

Tips for preventing fires in your home:

  • Use a smoke alarm on each floor of your home.
  • Store fire extinguishers within reach
  • Schedule service and cleaning annually for furnaces and fireplaces.
  • Avoid overloading electrical circuits.

Accurate and detailed assessment

Our certified professionals make sure to determine the full impact of fire damage. Home and business owners are always informed during the fire damage restoration process. Our customers always know what is happening and what to expect. 

Thorough treatment and respect

Our fire restoration services include smoke and odor removal, complete cleaning, and sanitation. Also, we provide professional deodorization and air vent and duct cleaning. Fire and smoke damage cleanup with Renovco always comes with respectful handling of property as it were our own. Overall, we take extra care to protect the structure and contents.

Choose your professional company

Our teams of experts are always ready to serve you, whether you would like to design your dream bedroom, remodel a bathroom, finish the basement, create a new home extension, renovate your office or get disinfection and cleaning services, you can count on Renovco!

Renovco has a smartly identifiable unique concept. From emergency work reconstruction, content handling and cleaning, warehousing, mold remediation, Ozone treatment, and Fire-line system to a distribution channel and one-stop-shop for design services. However, this clever solution is translating to become, not only an exclusive competency that Renovco enjoys but also a profound peace-of-mind feature that clients treasure.

So, feel free to contact us here.