As those at Alair Homes Red Deer know, renovating your home can be an act of love. This is a great way to get the home you want. However, even before you do anything else you need to set a budget. Be aware that home renovations can have costs that are not immediately apparent. It’s important to be aware of some potential hidden costs that you may need to budget for before you begin.
You Might Change Your Mind
You might decide you don’t like the look of the entryway or the antique Italian tiles you’ve chosen for the bathroom. Changing your mind can increase the cost of the your planned renovation.
Your Home Has Structural Problems
Appearances can be highly deceiving. You might find out that you need to put another column to support the extra floor you want. Keep in mind that your home may have serious structural issues that are not readily obvious.
The Home is Not Up to Code
Many older homes are not up to current building codes. When renovating your home you might find its not even close. Bringing it up to the required codes can add lots of money to your renovation budget.
Your Home Was Poorly Built
While your home might look just fine, you might find out it was poorly built in the first place. If your home was poorly built, you’ll have to spend money getting the home ready for your initial home renovation project.
Utility Costs
When you have contractors running around your property during the home renovations you have planned, this can add to your utility costs. Power is required to run many machines and you’ll be charged for it.
Taking Care of Your Pets
If your house is being fully renovated, this is not ideal for Fido or Fluffy. You’ll need to make arrangements for them to live elsewhere during the process. Such costs can really add up.
Dining Out
If your kitchen is not usable, you’ll need some other place to get fed. Eating out over time can add lots of money to your overall renovations costs, especially if you have a large family.
Termite Damage
Termites are small insects that feed on many things including wood. When you open up your house, you might find there’s termite damage underneath it. Compensating for such problems with the need to remove old wood and put in new flooring can really eat into your renovation budget.
Time Off From Work
As the project continues, you may need to be at your home in person. Something can easily go wrong. You may be the only person who can authorize any necessary fixes. You’ll also need to take the time to meet with contractors and anyone involved in your planned renovations. Your time is money and may prevent from you staying late at work or taking overtime.
Moving Costs
If you’re really planning a huge renovation, you may have to move out of your home. Moving out can be very expensive. You might have to stay in a hotel because your home has no roof or working bathrooms at the moment. You’ll also have to move your items into temporary storage and spend funds to keep them there. Moving back in can also be expensive. You need to hire professionals to move your items back to your home.
Before you begin your home renovation process, make sure to stop by or call Alair Homes Red Deer for some professional guidance. We are here to help you get the home of your dreams and help your project stay on budget.