Renovating your home can be very exciting, and it’s easy to get swept up imagining what your new home will look like after the project’s done. However, it’s essential to have a financial plan in place, understand all the costs from the start and allow a buffer in your budget for any contingencies.
While most professional design-build companies will help break down the remodeling expenses to keep everything as transparent as possible, there’s still the possibility of sneaky hidden costs. These refer to the expenses you might have overlooked while preparing your renovation budget. Therefore, it is a good idea to develop a checklist of expenses before you begin – and account for some of the most common hidden costs.
- Accommodation and Storage
It’s not fine to live on-site during the build. You’ll just delay aspects of the project, and, on most big renovations, it’s not possible due to the noise, dust and lack of utilities. You’ll also want to allow for storage costs for your furniture and belongings, the cost to move out and/or move your stuff to storage, and boarding costs for any pets during the build.
- Structural Renovation
Structural repair costs could run up to a substantial amount if it includes repairing structural issues as well as the design of your home. These could include changing the flooring, modifying the roofing, combining or making additional rooms, painting, leakage repair, adding doors and windows, etc. Costs like these can bloat your budget. - Electrical
This could be as simple as adding switches, plugs or lights. While factoring in these expenses, you will also need to account for the electrician’s fees and installation costs. This would include items such as wires and bulbs. - Cleaning Costs
Renovating a building can be a dusty task. After the reconstruction is through, the next chore is to clean the house thoroughly. But having to clean the house after a hard day at work can be an arduous task for even the most enthusiastic homeowner. To avoid this chore, you may want to recruit hired help to clean the rooms. Labor is not cheap; it will add to the cost. - Getting Rid of Waste
You have just completed your home makeover. Do not forget about the construction debris. You need to dispose of this waste in the appropriate manner, which means, you will have to pay the appropriate labor to get rid of the discarded items and waste material.
Embarking on a home renovation project can be exciting and overwhelming at the same time. With many decisions to be made and a budget to set and keep, it’s important to get off on the right foot with your contractor. As one of the trusted contractors, Nuss Construction will be with you for every step of the process, but we take extra time at the outset to ensure you’re comfortable with the process and confident in your design choices.
Call the local experts at (856) 988-9982, or fill out our contact form to schedule a no-obligation consultation for your home improvement project. We serve clients in Moorestown, Cherry Hill and Marlton, NJ.
