The rising cost of housing, fluctuating interest rates, and limited affordable housing inventories are just a few of the reasons people are considering home renovations over selling their current home or buying a new one. Most renovations take on one of two forms: incorporating a rental unit into the home to maximize potential investment income or undergoing basement renovations to add bedrooms or recreational space.
The team at Lyric Construction has vast experience completing all types of residential and commercial construction and renovation projects. According to owner Sheldon Arnold, anyone looking to renovate can count on Lyric Construction to complete renovations of any size or design.
“We offer a variety of remodelling options for kitchen, bathroom, or basement,” said Arnold, who has been in the construction and renovation sector since 1994. “We do everything from start to finish, completing the work up to code with a 10 year warranty: structural, framing, HVAC, plumbing, and electrical. We can do it all.”
According to Arnold, Lyric Construction employs its own architect along with a team of electricians and plumbers. That means the company is never at the mercy of outside contractors whose availability may cause delays in getting the work done. Arnold says Lyric Construction can finish any renovation project within six weeks of starting the project. That goes for both residential and commercial renovation.
Arnold said the process begins with an information session with the customer. Experts from Lyric Construction will meet for a consultation and discuss ideas, designs, materials, timelines and budget. Once a job is finalized, the architect will present options to be approved by the client. Once all the elements are agreed upon, the team of skilled professionals at Lyric Construction start their work.
If you plan on being in your home for a long period of time, renovating an unfinished basement offers a great return on investment. Research indicates that renovating a basement has a return on investment of around 70 percent, meaning for every $1,000 you spend your house will increase in value by $700. This can be higher depending on what’s involved in the renovation, what materials are used, and how much more usable living space remains after the renovation is completed.
There are many factors that affect the cost of your renovation as well. These include things like the initial state of the basement or renovation space, code compliance, room amenities, materials used and even the state of the real estate market. According to Arnold, all work done by Lyric Construction is done according to current build codes and the company applies for all permits prior to the beginning of any work.
Are you considering a home or basement remodelling or renovation? Educate yourself on all the possibilities. Call Lyric Construction. Visit them online.