When you are living in or have recently purchased a home that is a bit of a fixer-upper, or you simply want to change things up in your home, you may be considering starting in on some extensive home renovations. However, if you have never been involved in any home renovations, you may not realize all that goes into them, particularly when it comes to your costs. It is important that you plan ahead for these costs and not be blindsided by how much home renovations cost and where/how those costs accrue. Get to know more about home renovation costs and what you should keep in mind so that when you begin to renovate your Fort Myers, Florida home, you are prepared for the financial side of your project.
Material and Supply Costs
Of course, the most well-known home renovation cost is the cost of the materials that you use in your project. Whether it is paint, flooring, cabinets, or appliances, these all factor into your materials. Similarly, you will need to account for the cost of supplies used to install the new materials.
Home improvement professionals do not just charge for the materials and supplies. There are different levels of professionals that will likely be helping you on your project. However, what you need to keep in mind is that the contractor has a fee that they collect as well as your other costs. Be sure you talk to your contractor about their fees (as well as what they will charge if the project takes longer than anticipated) so that you factor that into your budget before the project starts.
Your city and state will also require you to apply for and obtain permits for any work that you have done in your home during the renovation process. These permits cost money and you may need multiple permits depending on whether or not there are any unanticipated changes to the renovations when you are in the middle of a project.
Asbestos Testing and Other Pre-Construction Precautions
If you live in an older home, you may also need to have certain tests run before you can begin the renovation process. Testing for lead paint and asbestos are the two most common tests as these substances pose serious health risks for anyone involved in their removal. Other pre-construction precautions can include marking off utility lines leading up to your house and the like. All of these add costs to your overall renovation price tag.
Now that you know more about home renovation costs, you can better plan and budget for your next renovation or remodeling project.