Unexpected Costs During a Renovation Project

Unexpected Costs During a Renovation Project

You can budget your project down to the penny but unexpected renovation costs are as inevitable as death and taxes.  However there are some hidden costs that homeowners rarely think about but are a constant in every project.  Here are some things that you probably overlooked when you made up your budget.

Building Permits

Before you hammer a single nail you need to make sure that you have all of the building permits in place.  In most cases the contractor takes care of it for you as part of the project.  Make sure you communicate with your contractor so you know who is responsible for the permits.  Trying to get a permit after the fact can end up costing you even more.

Weeks of Take Out

Kitchen renovations can take weeks to complete, in the meantime you still have to feed your family.  That means a lot of takeout and dinners out.  Even if you have a partially intact kitchen it is still filled with dust and debris.  You might want to prepare lots of microwave friendly meals before you start your renovation or you can end up hating your favorite restaurant.

Dumpster Rentals

Construction and remodeling projects generate tons of garbage.  You can’t leave your old bathtub or cupboards at the curb for the regular trash service to pick up.  You are going to need a dumpster and dumpster rentals aren’t cheap.  You can expect to pay anywhere up to $1,000 depending on the size that you need.  If you are working with a contractor then they may include it in their pricing, if you’re planning on DIY then be prepared.

Professional Cleaning Services

Nothing makes a mess like home renovations, you will have a layer of dust over EVRYTHING.  Dust will get into the ductwork and even if you clean it will be back in hours.  Not to mention other messes that comes with construction.  You can save some cash by doing it yourself but if you want to move back into a freshly cleaned and renovated home then hire a cleaning service.  Post construction cleans cost more than regular residential cleaning services.  You can expect to pay anywhere from $0.10 – $0.25 per square foot of living space.

Hotels or Other Accommodations

Depending on how in depth your renovation is you may not be able to stay in your home.  If the plumbing or electrical needs to be shut off for any amount of time then you are going to need to find someplace else to stay.  If you have family or friends who will put you up, fantastic.  If not then you need to pay for a hotel or Airbnb in the meantime.

Higher Electricity Bills

Every aspect of your renovation uses energy from constantly running power tools to having the heat cranked up to dry the mud on the drywall.  Other aspects of the project will need the windows to be open for ventilation making your home colder.  Be prepared to pay more throughout the entire project.

Home renovations are expensive enough without any unexpected costs.  Include all of the above in your budget if you don’t want to be caught unaware.