10 Hidden Costs of Home Renovations

Whether you’re renovating your very first home or you’re a seasoned veteran onto your 10th property, unexpected projects always pop up. This can be incredibly frustrating–but manageable! And the sooner you work with your designer or general contractor to get these projects out of the way, the smoother the rest of your renovation will be. Here are some of the most common hidden home renovation projects we run into:

Home Renovation: Expect the Unexpected

1 Building Permits

Dependent upon where you live, building permits may or may not be fixed costs. Sometimes they exist on a sliding scale or as a percentage of the overall cost of your home renovation. They can also take time to secure, and time is money!

10 Hidden Costs of Home Renovations

2 Temporary Displacement

If you’re doing more than painting a few rooms, you and your family will likely have to move out of your house for a few weeks or even a few months. Consider these accommodations when evaluating your overall budget. Even if you are able to stay in your home, if your kitchen is being redone, you likely won’t be able to prepare your own meals, which can involve an added expense as well.

10 Hidden Costs of Home Renovations

3 The Gross Stuff

If you’ve bought a beautiful older property and intend to maintain it, you’ll be discouraged to learn you may have mold, water damage from plumbing issues, or asbestos. These issues greatly impact the structure of a home and the health of its inhabitants, which is why we always always always insist upon a thorough home inspection prior to getting to the fun projects so we can take care of the necessary evils first.

10 Hidden Costs of Home Renovations

4 Shoddy Wiring or Other Code Updates

An older home may be improperly wired, or generally not up to code. Building codes vary from city to city, and though you may not be planning on it, you may find your home needs requiring to be brought up to code. Luckily this won’t take too long and you can move onto more exciting cosmetic projects quickly!

10 Hidden Costs of Home Renovations

5 Outdoor Maintenance

It takes a lot to maintain a gorgeous yard, especially if you have a lot of land. Talk to your landscape architect about yard maintenance so you’re aware of all your options, like automatic sprinklers and water reduction systems that help limit or recycle your water usage.

10 Hidden Costs of Home Renovations

6 Clean Up

Construction sites get messy! It can be discouraging to have your beautiful new home finished but have left over materials strewn about. Be clear up front about who is responsible for clean-up and clean-up costs after a construction project or design installation. Cities charge different amounts to have dumpsters parked on the street. And after having installers track dirt around, you’ll likely need new flooring professionally cleaned.

10 Hidden Costs of Home Renovations

7 New Walls

If you want to remove a beam or other structural element of the home, that can usually be done, but it will cost you. In order to maintain the home’s structural integrity, added walls or reinforcement have the potential to inflate your overall budget by 15-20%.

10 Hidden Costs of Home Renovations

8 Hourly Fees

Use your consultation time wisely! Many (if not most) designers will charge an hourly rate, similar to that of a lawyer. If new necessary projects are discovered or there are delays, it can inflate your overall budget.

10 Hidden Costs of Home Renovations

9 Moving Furniture & Storage

During a giant overhaul, you may need to remove any existing furniture and have it placed in storage for the duration of construction. Consider the logistics and timeline that moving and storing existing belongings entails in determining your overall budget.

10 Hidden Costs of Home Renovations

10 Changing Your Mind

Once a design/build plan has been decided upon, a clearer picture of how much it will cost will begin to fall into place, closing the gaps in the price ranges designers or contractors give you. Because of that, if you change your mind it will cost you. Your designer will have to go back to the drawing board, implement the design change, put in new orders for materials, which will likely have either longer lead times or will cost more for rush shipping.

10 Hidden Costs of Home Renovations

Our Advice: 3 Tips for Managing Expectations

  1. Your home is never really completely “done.” Accept that. Even with impeccable design and structural integrity, things around the home will always require upkeep whether that’s in the form of replacement or slight upgrade so ask your designer and contractor questions about down the line: 5  years out, 10 years out.
  2. Consult with a general contractor or designer who can give you realistic budgets and timelines for your home improvement projects: if a designer or contractor gives you too firm a budget or timeline, rather than a range, without having first done a deep home inspection into your personal needs, run for the hills and find someone who will!
  3. Take your time! We’ve written before about how overwhelming home renovations can be, especially when you try to do everything at once. Most design projects can wait, so be sure to prioritize. We shared even more specific tips on how to prioritize your home improvement projects in last week’s blog: Read it here.

How to Prioritize Your Home Improvement Projects

So you’re all moved in and ready to renovate your home… but where to begin? It’s tempting to focus on cosmetic repairs, or overhauling the shared spaces of your home like kitchens and living rooms, or starting with what’s most or least expensive, but we have some other tips for prioritizing your home improvement projects:

How to Prioritize Your Home Improvement Projects

Beyond First Sight

You’re going to want to have a general contractor assess the condition of the home’s structure before anything else. Before you start adding new furniture and installing new lighting or even before you slap a fresh coat of paint on the walls, have a contractor assess whether you have any water damage or other non-cosmetic issues to take care of first. These projects are going to make everything else go much smoother.

How to Prioritize Your Home Improvement Projects

Access Your Budget & Start With Your Needs

Once you know if there are any structural issues you need to take care of, you can get an estimate as to how much of your budget that is going to consume. From there, you can begin making a to-do list of everything else you want upgraded. You can begin ranking projects by what needs to get done immediately, and what can wait (and truthfully, most projects can wait), and what you need to hire a contractor or designer to do vs. what you can do yourself. Generally what needs to get done immediately are going to be the things you need a contractor for, including:

  • Structural projects, which, if left unchecked, can cause permanent damage (leaky gutters, etc)
  • Safety priorities (child-proofing, alarm systems, etc.)  
  • Energy Savers (Windows/Doors, AC, Water tanks, etc.)

How to Prioritize Your Home Improvement Projects

Developing a Strategy

Once you have your list of priorities, you can begin working with a designer and contractor to develop an efficient timeline. Do you want to tackle one room at a time? Or is it better for your work flow to conquer larger, general projects like painting every room, or reflooring the entire home? Designers and builders work with project managers whose job it is to keep projects running smoothly and answer those questions to fit your specific needs.They can provide you with a lot of excellent advice about the workflow of your home improvement projects.

How to Prioritize Your Home Improvement Projects

Energy Reduction

A huge priority of our firm, that is a win-win for everyone and the environment, is prioritizing energy-efficiency in home improvement projects. This extends from the zero-waste processes and sustainable materials we use to the outcome for homeowners: lower electric bills, more temperature-regulated homes, and homes that are built to last! If this is also a priority of yours, consider moving up projects like new roofs, new windows and doors, new water tanks up on your list.

How to Prioritize Your Home Improvement Projects

Remodeling for Resale

If you are remodeling to increase the property value of your home, however, your priorities are going to be different: This is an instance in which you may want to go project by project, focusing on the high-ticket rooms that are going to immediately increase your property value like full kitchen and bath remodels.

We wrote all about home improvement projects for resale value, read it here.