Hidden Costs of a House Renovation

How to avoid hidden costs of house renovation

Every now and then, your home is in need of an update. Whether it’s a simple repair in the bathroom or a complete kitchen makeover, home renovations can amount to a sizable sum. However, with careful planning and a detailed approach, you can renovate your home without breaking the bank.

Start by creating a plan and a budget

It’s not uncommon for home renovations to cost more than you’ve expected. This typically occurs because homeowners didn’t really take everything into consideration. Therefore, you should avoid making this mistake and start planning your home renovation on time and in detail. You should make a list of all the necessary materials you’ll need, determine different stages of renovation and try to come up with an efficient approach. You should also set up certain deadlines to prevent any unnecessary delays.
Furthermore, you should definitely set a budget for your renovation. This will prevent you from spending more than you can afford. When doing so, make sure to add around 20 per cent for unplanned costs.

Decide whether to DIY

Hiring contractors and architects isn’t only expensive, but also time-consuming and tiring. However, you should evaluate your skills and experience realistically and determine whether you should DIY or call a pro. If you already have some experience in home renovations, or you’re apt at design or construction, you can probably take on a range of renovation projects. However, if you have no experience in the field whatsoever, it’s better to call the experts.

Invest in quality projects

The most profitable home renovations are the ones that will help you enhance the value of your property, make your living space more comfortable and provide your home with timeless appeal. You should definitely steer clear of passing fads and trends because they are a waste of money. Instead, make sure to invest in high-quality materials, green improvements, projects that will enhance the comfort of your home, such as better insulation, or remodels of your home’s exterior. Also, if you’re currently living in a home that was built before 1990’s, it is strongly advised that you hire asbestos clearance professionals. Asbestos was once one of the most commonly used building materials. However, it was eventually found out that prolonged exposure to this hazard may cause a variety of serious health problems, including cancer.

Find opportunities for increased savings

Renovating your home will definitely cost you some money, but there are still opportunities to cut your expenses. For instance, you should take some time to shop around, find great deals and even discover some discounts. Researching your options will allow you to compare prices and find offers that fit into your budget limits.
You should also consider purchasing used and recycled materials, or repurposing your old materials. This solution is both budget- and eco-friendly, so it’s definitely one of the best options. You can repurpose old slates, bricks, wood and even furniture pieces.

Update your roof

If you’ve noticed some missing shingles or other roof problems, you should definitely give your roof an uplift. Not only will this project boost your home’s curb appeal, but it will also help you prevent other serious problems that may cost you even more later on. You don’t even have to go with complete re-roofing, but opt for partial one and change only the damaged parts. You can save even more by finding a low-cost scaffolding hire company that can rent you all the necessary equipment. This is also advisable if your own equipment isn’t sturdy enough – safety is the number one priority.

Opt for green improvements

When renovating your home, you can go with eco-friendly and sustainable upgrades that will provide you with numerous benefits. Energy efficient installations are a popular choice because they can help you save money on electricity in the long run. You can also go with other simple green improvements, such as installing LED lighting, low-flow toilets and shower heads, etc. Designing a lush green wall is another beautiful project that will provide you with numerous benefits, including improved insulation, better air quality and an infinitely charming look. Furthermore, this mesmerizing addition will fill your home with a sense of serenity and tranquility. If you want to spend a bit more, you can install an energy efficient water heater, a sustainable heating system or an entire renewable energy system. Although these projects may require a bit more money, they are an investment worth making.

Style up your kitchen or bathroom

Modern and functional kitchens and bathrooms can increase the value of your home significantly. The best part is the fact that you don’t even have to go with complete remodels. Instead, you should implement minor changes that will enhance the appeal and functionality of your bathroom and kitchen. Replacing the hardware, painting the walls, introducing more storage solutions or updating the floors can actually bring a higher return on your investment.

With a detailed and carefully planned renovation approach, you’ll be able to remodel your home without spending a fortune. Furthermore, you’ll even be able to undertake projects that will help you increase your savings in the long run.

Guest Contributor, Lucas Bergman

Lucas is a real estate agent and renewable energy consultant with many hobbies and passions, but above all, he enjoys the most spending time with his wife – Mara. He also likes Lord of the Rings. He, actually, very much likes Lord of the Rings. He is a regular contributor at smoothdecorator.com