So, you’ve finally gathered the courage, and funds to opt for a home remodeling project, and cannot wait to see the final results!
However, what you, and a majority of other homeowners miss out on, is the additional expenses that can wreak havoc on your total budget! These hidden charges, if ignored in the initial planning stage, can sabotage your home remodeling in San Jose, and drain your savings causing serious financial constraints.
And that’s one of the prime reasons why it’s necessary to plan your budget accordingly and take into account the potential pitfalls to cover up the additional expenses. In this article, we’ve gathered 5 such hidden charges that can turn your dream home remodeling project into a nightmare! Let’s explore till the end to know more.
5 Hidden Home Remodeling Charges You Should Be Aware Of
- Changes/ Adjustments in the Plan
This is one of the most common instances of a hidden charge that causes homeowners to exceed their budget. Some of you might be tempted to make some adjustments or changes to an already finalized plan.
For instance, switching to some other materials, or alterations in the layouts might sound like minor changes, but can quickly add up and disrupt the project timeline, along with increasing the overall expenses.
- Heavy Electricity Costs
High electricity costs are another major hidden charge that comes associated with home remodeling services. How so?
Well, an ongoing remodeling project would require the workers to make use of heavy equipment, and lighting. These power tools consume substantial electricity, which might cause your monthly energy bills to shoot up!
Additionally, if the remodeling project is delayed further due to unforeseen circumstances, the energy bills tend to mount up, and exceed your total budget of home remodeling, thereby burning a hole in your pocket!
- Landscape restoration costs
Many of you might miss out on this, but your front/ back yard might be in a mess during or after your home remodel in San Jose. Constant foot traffic and left-out construction materials can destroy the plants, damage the grass, and even wear out the soil.
It’s obvious that you won’t be leaving your front/ back yard looking like this forever! And restoring the landscaping includes replacing the damaged plants, and even redoing the entire gardenscape. This could invariably increase your home remodeling costs manifold.
- Structural renovation costs
Now comes one of the most dreadful case scenarios, that can completely drain your finances if you’ve not set aside enough contingency funds for your home renovation/ remodeling project.
Structural issues are not uncommon, especially if you’re living in an older home. However, the worst part of this situation is that it’s not apparent until the walls, or floors are opened up! A few instances of structural damage are damaged beams, rotten wood, old and outdated electrical and plumbing systems, etc.
These are a type of foundational issues that need repair or replacement work even before proceeding with the remodeling work. That’s exactly why contractors focus on installing these first during new home construction in San Jose CA.
Structural costs can be huge, and that’s the very reason why you need to set aside 10- 20% of your total remodeling costs as contingency funds to make sure that you don’t suffer unnecessary financial stresses.
- Site cleanup costs
Finally, comes the most overlooked part of a home remodeling project- site cleanup! This is one of those hidden expenses, that can hit you most unexpectedly after the completion of the project.
Any kind of construction work is bound to generate dust, dirt, and debris. Other than that, there are construction scraps and old fixtures that need to be removed. Most importantly, you might need to hire a professional cleaning company for deep cleaning to ensure complete sanitization of your newly-built home. Many home remodeling companies don’t include cleanups in their schedule, which will require you to bear this additional cost!
Wrapping It Up
Home remodeling is indeed a thing to get excited about. However, you must also be aware of the hidden charges that come associated with it, to make sure that you don’t exhaust your savings completely, and suffer from financial stress.Instead, discuss with reputed construction companies in San Jose like TerraRevo Builders in detail about home remodeling costs, and make sure to arrange for some contingency funds to avoid financial distress.
