Is your family growing and you're running out of space? Do you love your neighborhood but would like to add value to your property? Are you interested in a property but it needs some renovations? All reasons are good to consider a home expansion project! However, work of this magnitude requires unparalleled planning and organization.

Here's everything you need to know to get started:

Are there any legal restrictions?

The laws governing home extensions are many... and sometimes complex. Before starting any expansion work, you must obtain a permit from your municipality. The Régie du bâtiment du Québec (RBQ), responsible for ensuring the quality of the work, requires that the general contractor responsible for your work be compliant and hold a valid license.

Note at the same time that the expansion of a house is subject to the R-20 Act which governs labor relations, vocational training and workforce management in the construction industry. This last one stipulates, among other things, that all workers must have the necessary qualifications to carry out the work in addition to being paid according to the collective agreements that govern the construction industry.

Lastly, all health and safety regulations on construction sites must be adhered to.

What is the cost?

Depending on the nature of your project, you should expect to pay an amount of $250 to $400 for each square foot of area, including labor and materials. For a space of 20' x 20', we are talking about a total sum that ranges between $100,000 and $160,000.

Some projects, such as building a garage, may represent a slightly less significant expense. Conversely, other more complex projects, such as a foundation expansion, will require a much larger investment.

renovation home

How do I finance my project?

Did you know that it is possible to estimate the cost of your renovations when it comes time to finance the purchase of a property? This is an excellent opportunity to buy at a low cost and finance your expansion project from the amount of your mortgage. This way, you will benefit from a relatively low interest rate and payment terms that are attached to your mortgage.

By working together with a Proprio Direct real estate broker and a Multi-Prêts mortgage broker, they will take care of your file and ensure all the necessary follow-up with the financial institution you have chosen.

Planning a home extension

Want to get started? Contact one of our real estate brokers now. They will be able to refer you to the right people to carry out all your projects!