Costs To Consider In Your Home Renovation.
You have decided it's time to renovate your home; congratulations! Before you start planning, organizing and putting together your vision board, setting a budget and considering all the costs involved in the project is essential. This will help you decipher your needs from your wants and ensure you get the most critical renovations completed!
Here are some costs to keep in mind when planning your renovation!
Materials - Materials will be one of your most significant expenses when renovating your home. Consider the look and feel you want your home to represent and start sourcing materials. The quality of the materials will also make a huge difference when it comes to budget. If you choose to have wooden floors over laminated, your price will jump; with that being said, it's important not to cheap out on materials as it could cost you more with quicker ware and tare. Don't worry; EA Renovations is here to help you find suitable materials for your home and budget.
Contractor: A necessary expense when renovating your home is the right contracting team. Depending on the size and complexity of the job, the prices will differ from each team to the next. The price will usually include the demolition and remodelling of the home. Find the "request a quote" section of contractors' websites to get a more precise price point; once in contact, ask many questions to ensure they are reliable and knowledgeable in their field.
Plan for hidden fees. Having a contingency budget is very important. As your renovation starts, your contractor might encounter mould, water damage, and rotting material. It's essential to get these issues dealt with as they arise because they can be harmful to you and the environment. Once these issues are dealt with, your home renovation and continue!
Permits: Once you know exactly what you want to be done in your home renovation, it's important to obtain any necessary permits. Each permit has a different cost depending on the type of work and your location. It's vital to pay attention to permits as you might have to demolish what has been done - which will be another extra cost.
Your home away from home: Include where you will be staying in your budget. You might have to spend extra money on a hotel or Airbnb; you also might have to eat out at restaurants more often or get delivery.
Post-completion fees - Congratulations, your home renovation is complete, but the costs might continue. You might have to pay disposal fees for old materials and appliances. Once you see the complete renovation, you might also want to add new furniture, decorations, and interior design elements. These items can be purchased over time, so getting all the "must-haves" done before the "wants" is important.
Considering all the costs involved in your renovation, you can be sure your renovation will be completed within your budget. Working with an experienced contractor to help you plan and budget for your renovation project is a great idea. EA Renovations is here to help you work within your budget and give you expert advice every step of the way.
