Extra home improvement expenses can easily add up to a substantial sum. So much, these become budget busters, emptying your wallet to the tune of hundreds of dollars, even thousands, altogether, in some instances. But, these extras don't have to be the bane of your remodeling project -- that is, if you plan appropriately. The truth of the matter is, none of these extra home improvement expenses should be surprise. However, it is amazing how many homeowners just don't think to consider them.
Extra Home Improvement Expenses to Budget For
These extra home improvement expenses aren't what you see on cable television rehab shows. They don't include the owners suddenly changing their minds to move plumbing and add new electrical wiring. They're also not something like unplanned costs, such as finding an issue with the foundation, discovering a pest infestation, or learning a hugely expensive support beam will have to be installed to replace a load-bearing wall.
Remodeling jobs in older homes are the worst. Walls may have layers of wallpaper, paneling and drywall, and hidden behind them inadequate framing and outdated wiring. A job price that anticipates the worst case scenario would cost a fortune. That means many remodeling plans have gray areas, and almost always some extras. --Chicago Tribune
While all of those scenarios and some others will add gigantic costs to any home renovation or update, there are still others all-too-many homeowners overlook. That is, until they pop up and take a bite out of their bank account. And, when you see what these costs are, you'll probably be stunned by one or more, thinking why they didn't enter your mind in the first place. Here are some commonly overlooked extra home improvement expenses:
- Increased utility bills. It's not necessarily the power drill-drivers, compressors, and other equipment and tools which create higher utility bills. Although these are a factor, what really increases utility bills will be the extra water and electric use and people going in and out of the house. We all know constantly swinging doors cause heating and cooling costs to rise as the system must work harder to keep the inside comfortable.
- Boarding your pets. Some dogs and cats are prone to pounce, scooting out the door the moment it is open. That just creates more chaos and it likewise adds to your already increased anxiety. Even if your four-legged furry family members aren't prone to dashing out the door, consider how must stress they'll experience with strangers in the house, the busy commotion, and constant noise.
- Dining out a lot more. While you may "plan" to temporarily relocate your kitchen and are willing to suffer through the inconveniences, all of those good, money-saving intentions won't be so realistic for very long. You'll wind up spending a lot more money on eating out because it comes down to being more practical and convenient.
- Waste management. If there's one expense that too many homeowners don't factor into calculating their budget, it's waste and debris management. Sure, you could have a plan, that includes throwing the debris you create in a truck, but that just won't cut it. You'll need to rent a dumpster and/or hire a construction debris clean up service.
- Short-term storage. What many homeowners quickly and unpleasantly discover is that plastic just doesn't keep dust and debris off their furniture. It will still spread through the house, much further and more often than you think. Consider renting storage space or relocating furniture and other stuff for a short-term.
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