menu

Figure out the cost of knocking down and rebuilding your home

Date Posted
24 March 2014

[caption id="attachment_520" align="alignleft" width="200"] (Photo credit: HannamariaH/iStockphoto.com)[/caption] Sometimes the changes you plan for your home are extreme enough that you're better off gutting your home and rebuilding it. Whether this includes adding a new addition to your home or redesigning the space so you're able to stay in the neighbourhood, these type of home renovations have a costlier price tag. You'll need to cover the cost of a blueprint, contractors (unless you're doing it yourself), materials and permits to complete your task. This doesn't include all the time and any other costs associated with where you will stay during the construction. And it's important to make sure you follow the proper channels of adding a new addition or your bill will add up to even more. If you plan to gut your home, it will cost you an average of $6,000 to $7,000 for an average 1,500 square foot space, according to HGTV. OntarioContractors.com offers a great flow chart to help you figure out what needs to be done when you're building a home, whether you decide hire an architect, build the home yourself or hire a builder. The cost of a builder is about $110 to $120 per square foot, plus the lot. If you're hiring people to do the work, there are many  contractors you'll need including: a framer, bricklayer, roofer, drywaller, septic engineer, plumbing, electrical, HVAC, a painter and someone to install your windows and doors. There's also a calculator tool to help you ballpark the cost of building a home, but keep in mind that contractors may do the work for more less than what's quoted. Have a budget in place before starting the work and also have a reserve fund available for unexpected costs. Banks offer construction financing and loan families money to help with the costs, but they require certain documentation before lending it to you. Rebuilding a home will likely be a costly endeavour for your household, which is why qualifying for an HST rebate would be a great help. This government program lets homeowners claim their HST back on substantial renovations if they've changed the home's interior by 90 per cent or doubled the size of your property. If you do qualify, you can claim up to $16,080, which could be a great help in covering some of your costs. But you need to apply for the rebate within two years of renovation completion or you will miss out on you claim. There are also other credits available for home renovations, which Rebate4U can assist you with if we're helping you with your HST home rebate. To help you save on some of the costs, reuse some of the materials from the previous home that you like. Live in your neighbourhood for many years and create a new space for your family by knocking down your home and starting from scratch. Rebate4U helps its clients determine whether they are eligible for an HST housing rebate if they have done substantial renovations on their homes. Our priority is to provide our clients with the most professional and quality service in obtaining rebates for their new and renovated homes. We are proud to offer our clients the most personal and attentive service, and we make sure that all of our clients are 100% satisfied.

Contact Us

Please Answer 10+7=

Rebate Calculator

Please enter the total value of your renovation including tax.

Total construction cost
(including taxes)
$
Search Our Blogs

More of our Blogs

29 September 2023

Benefits of Renting Your Newly Purchased Home

Get Money Back with the HST Rental Rebate   The leading opportunity of buying or building a new residential property in Ontario is the HST Rebate. With any purchase you make on goods and services in Ontario, you’re charged Harmonized Sales Tax or HST, which is a 13% tax. With large purchases like a home or condo, the 13% harmonized sales tax can add up to a significant...

View Full Post
20 September 2023

Experts Tips for Navigating the HST Rebate on Newly Built Homes

Here are expert tips on navigating the HST Rebate for new homes.   Retain All Your Records When you’re building a home from the ground up or renovating your existing property, it’s imperative that you keep a copy of all your records. The rebate is designed to give homeowners back a portion of the amount they spent on HST (Harmonized Sales Tax) during construction....

View Full Post
21 August 2023

Tips for Planning Your New Home Rebuild HST Rebate

Learn About the HST Rebate & Eligibility The New Home HST Rebate is a rewarding program for residential property owners throughout Ontario looking to recover some of the costs they invest in building their perfect home. Designed to put money back into your pocket, there are strict requirements that applicants must meet. Before you begin accounting for the HST Rebate in Ontario while...

View Full Post
31 July 2023

Identifying HST Rebate Eligible Elements in Your Construction Journey

Plans & Design Because a renovation must be substantial, accounting for approximately 90% of the property to qualify for the HST Rebate on home renovation, you'll need a plan before you start working on your renovation, demolishing walls and removing flooring. You'll most likely need to source architects and renovation contractors to visualize your rebuild and ensure that all aspects are in...

View Full Post
24 July 2023

Why Rebuild Damaged Homes with HST Rebate in Ontario

What is the HST Rebate on Newly Built Homes? In Ontario, a 13% harmonized sales tax, a combination of GST and PST, is applied to all purchases, including purchasing property or building materials and renovation services. In an effort to enable affordability, the government offers an HST Rebate program which gives qualifying property owners buying a brand new property or building a new home from...

View Full Post
25 May 2023

Guide to HST Rebates & Renovations this Summer

Understanding HST Rebate Programs in Ontario Harmonized Sales Tax or HST is a combination of the Goods and Services Tax (GST) and Provincial Sales Tax (PST) that is applied to all purchases, amounting to 13% throughout Ontario, including homes, building materials, and renovation services. To increase affordability, the new home HST Rebate in Ontario gives residential property owners a portion of...

View Full Post
01 May 2023

How to Cash in on Your Major Home Addition

What is the HST Rebate on New Homes? The New Home HST Rebate is a program offered by the government that provides those purchasing, building, or significantly renovating a new residential property a refund on a portion of their HST spend. HST, or Harmonized Sales Tax, is charged on every purchase of sales and goods in Ontario, amounting to 13%. On a large project like a major home addition, HST...

View Full Post
31 March 2023

Benefits of Renting Your New Home

What is the New Residential Rental Rebate Program? Offered through Canada Revenue Agency, the New Residential Rental Property Rebate is an HST rebate that gives residential property owners a portion of their HST spend back on a newly built condo or rental property. Depending on the property, your eligibility, and the amount spent on HST, this rebate can add up to tens of thousands of dollars back...

View Full Post
20 March 2023

Guide to Applying for the HST Rebate in Ontario for Newly Renovated Homes

Determine Eligibility First, you need to determine if you are eligible for the HST rebate. The rebate is available to those who have completed a substantial renovation or constructed a new home. A substantial renovation is defined as a renovation that involves removing or replacing most of the interior of a home or at least 90% of the home's interior. If you've bought a new home directly from the...

View Full Post
01 March 2023

How to Save Money When You Build Your Own Home

What is the Ontario HST Rebate? The Ontario HST Rebate on New Homes is offered by the Canada Revenue Agency. The program enables individuals constructing a new home from scratch or undertaking a significant renovation of an existing residential property in Ontario to qualify for a rebate on a portion of the 13% Harmonized Sales Tax (HST), which is charged on all goods and services throughout the...

View Full Post
Homeowners, obtain an HST rebate of up to $30,000 today!
get started

Why Choose Rebate4U?

Experienced Specialists

For over 10 years, the Rebate4U team has the knowledge and expertise to help residential property owners throughout Ontario successfully apply for regional HST Rebate programs.

Millions Awarded

We are able to expertly navigate rebate opportunities, staying up-to-date on the most recent rebate developments and changes in the HST Rebate program to maximize returns. To date, we’ve successfully acquired millions of dollars for clients in total.

Free Consultations

Our specialists offer complimentary consultations where we review your eligibility to determine whether you qualify for an Ontario HST Rebate so you can proceed with your application confidently.

Customer Commitment

The Rebate4U team is dedicated to delivering the highest level of customer service, we are here to answer your questions and help you navigate the intracises of your application easily and efficiently.

Cashing-In on the HST Rebate is as Easy as 1-2-3
Contact REBATE4U

Set up a quick, free consultation with the Rebate4U team to explore your HST Rebate options.

COLLECT DOCUMENTS

Submit your required documents to Rebate4U, and we'll handle your application.

GET YOUR Money BACK

Apply for the rebate and receive thousands in rebates in just weeks with Rebate4U.

FIND OUT IF YOU QUALIFY

We are proud to be working with top Canadian companies

Recent Posts view all posts

Tips for Planning Your New Home Rebuild HST Rebate

Rebuilding your home from the ground up can be a daunting undertaking but incredibly rewarding with the right approach and programs like the HST Rebate in Ontario. The New Home HST Rebate allows qualifying residential property owners to recover a portion of their rebuilding co...

Read More

Identifying HST Rebate Eligible Elements in Your Construction Journey

The HST Rebate in Ontario is an excellent opportunity for property owners looking to undergo major construction. Whether you've recently purchased a plot of land to build a brand new property or are planning to tear down an existing home to its studs and renovate it, the HST R...

Read More
We Are Based

Rebate4U
101-3185 Bathurst St
Toronto ON
M6A 2B2

1-800-610-4510
info@rebate4u.ca

Connect With Us
Error...

Please, enter a valid value

We are sorry...

But the values you entered are invalid

Rebate

In celebration of our 3 year anniversary at Rebate4u Inc, we have decided to reduce our fee structure for all new home and renovation rebates including the New housing rental rebate.  

Don't waste your time looking for anyone else to take care of this because we will not be under sold.
Please fill out the form below or call us at 1-800-610-4510

Please, enter a valid value