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Renovation Costs That Will Eat Through Your Wallet by Jason Cohen Pittsburgh | Sep 1, 2020 | JasonCohenPittsburgh, real estate
Even if you’ve planned your renovation budget out to the last detail, you may still experience a few nancial surprises along the way. Here are some common expenses that often get overlooked during the budgeting process. Pet Boarding Renovation projects are anything but quiet, and some pet owners nd that their furry friends don’t take kindly to the chaos. Others nd their pets a little too friendly, constantly visiting with members of the work crew and getting underfoot. In either case, boarding the animal during work hours or nding a pet sitter may become necessary. Higher Utility Bills Whether you’re doing the job yourself or hiring a professional, you should expect to see a 15 to 20 percent increase in your monthly utility bills.
Renovation work requires drills, saws, sanders, and other power tools that run on electricity, and you may notice it when the electric bill comes. Dining Out If you’re remodeling your kitchen, dinners out are an obvious part of the package. But other renovations can impact a kitchen’s usefulness as well, such as the gas needing to be shut o or a plumbing surprise that requires your contractor to turn o the water. Other times, you may just need to get out just to escape the construction zone chaos for a few hours. Childcare Snow days and unexpected school closings happen. When they do, you may nd yourself suddenly in need of child care. Rounding up young children and keeping them out of the work area can prove to be a daunting task, even if you’re able to stay home with them. All the noise and chaos can also interrupt naptime and leave young children feeling out of sorts. If they can’t stay with grandma for a few days, you may have to pay for childcare. Dumpster and Parking Fees Construction projects make lots of debris, and all that stu has to go somewhere. Renting a large construction dumpster can easily cost $400 or more. Once you’ve deposited the dumpster in your driveway or parking space, you will then need a place to put your car. Hopefully, you can nd free parking nearby, but that may not be the case with a city condo or in a neighborhood with limited parking spaces. Unexpected fees crop up during most remodeling projects, and you can’t always predict every detail of your renovation. The best plan is to pad your budget with a little more than you think you’ll need and to be exible.
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