An A to Z (Actually, W) List of Items To Budget and Plan for During a Renovation
Just about anyone living in this area has thought about the proposition of moving for more (or sometimes less) space – or renovating to achieve the same objective. As a real estate agent, I help people think through different scenarios and can offer first-person testimony about the pros and cons of renovating a home – I’m still putting the finishing touches on a massive addition and whole-house renovation I started nearly a year ago. It was quite a harrowing experience, and now I can feel confident telling clients that if they’re seriously considering a construction project, they should call me to sell their home and buy a new one (I’m only half joking when I say this).
All that said, I’m happy to share my personal experiences with friends and clients because I think it really is most beneficial when people consider all of their options. This way, they can feel really comfortable with whatever decision they ultimately make.
Here’s a list of many of the things you’ll need to budget for if you’re planning a renovation. I hesitate to say “everything you’ll need in your budget” because I struck a few things from the list that were ultra-specific to our project. And of course, if you embark on this type of adventure, you’ll be spending money on things you never knew existed. (Please note: If you hire a general contractor - which most people do - he or she will likely be entrenched in these details. But it’s good to know where your money is going.)
Some of the least fun things to plan for include dumpsters, concrete removal (yes, that’s a thing) and a porta-potty. And you already know the most fun budget line items – the tile, the flooring and the paint. And of course, all of the “fun” choices/budget items come at the end of the project when you’re exhausted from making a million other decisions. We literally painted everything in our new addition white.
Without further ado, an alphabetical list of things you’ll need to consider include…
General Contractor Fee
Interior Doors and Hardware
Mechanicals (Air conditioning, HVAC)
Shingles (or Hardiplank, or siding)
Temporary Walls during construction (something I didn’t expect to spend $3,000 on!)
Trim - other
Vanities for Bathrooms