When it's time for a renovation project, homeowners can’t just whip out their power tools and start construction. If the job involves anything beyond surface changes, you'll probably have to secure some permits first. Depending on the extent of the renovations, the cost of permits can range from the low hundreds to thousands of dollars.
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- 10 Sneaky Hidden Costs of Home Remodeling
10 Sneaky Hidden Costs of Home Remodeling
Hiring a Professional
Some renovation projects are simply too big for a homeowner to tackle with a sledgehammer and a few household tools. If you plan on demolishing walls around appliances or removing cabinets and flooring, or if you're uncertain about the location of your wiring and plumbing, you'll probably need to call in a professional. Hiring a contractor can cost hundreds or thousands of dollars, depending on the scope of the job.
Disposing of Debris
Once you’ve ripped everything out, you've got to trash your construction debris. This task is easier said than done, however, because municipalities regulate the types of waste acceptable for curbside disposal. Depending on where you live, you’ll incur costs if you need to hire a vehicle, rent a trash bin or dumpster, or recruit a company to remove the debris for you.
Figuring Out Property Lines
If you’re planning to erect a fence, wall, or landscape feature near the edge of your property, first make sure that the land you think is yours doesn't actually belong to someone else. For a variety of reasons, property lines can get blurred over time, so if you haven’t completed a land survey recently, you’ll want to order one to ensure you don’t build on your neighbor's lot. This service typically runs a couple of hundred dollars.
Fixing Old Workarounds
Maybe the previous owner of your home put a new roof on top of a patchy old one, or did some clever DIY rejiggering to channel water into the laundry room. These cheap workarounds won’t fly with your new permit. If the previous homeowner was a slipshod handyman, you may have to correct dozens of botched or illegal repair jobs.
Getting Your Home Up to Code
If your home hasn’t been renovated in decades, be aware that building codes have probably changed since that last upgrade. You may need to make alterations beyond your original plan to, say, move appliances or carve out a basement bedroom—especially if you’re renovating for resale purposes.
Fixing Water Issues
Keeping your home dry doesn’t come cheap. Expect to uncover some sort of water issue when renovating, whether it involves water-sealing the basement, adding sump pumps, fixing leaky gutters, or grading your property to keep water away from your home’s foundation. Also, if you’re planning to add a bathroom to your home, get ready to pay thousands to have the plumbing rerouted.
Remediating Pest Damage
When you open up walls and reveal rafters, you may uncover damage caused by termites, mice, squirrels, and other pests. Insects and critters can find their way through teeny-tiny openings and then travel all over a home, so fixing the damage they inflict can be anything from a nuisance to a several-thousand-dollar surprise.
Updating Home Features
If you’re planning to open up walls for renovations, consider biting the bullet and updating Wi-Fi boosters, in-wall speakers, cable, and other practical and appealing built-in features. While you may not have originally planned these updates, they're useful upgrades that you may want in the future—and that will be more expensive to do after you’ve sealed up the walls.
Adding Finishing Touches
You may have budgeted for paint, tile, and cabinetry—but did you remember that you’ll need art for your new walls, drapes and blinds for your updated windows, and knobs for your freshly faced doors? People often don’t budget for decorative “extras,” but those items can add up quickly, especially if you’ve completely changed the layout or style of your home.