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How to Save Your Budget from Extra Home Renovation Costs

6/4/2017 7:09 PM Comments Posted By Floralyn Teodoro
Home renovation can be costly by itself. However, there are even additional costs that, if not prepared for, can wreck your budget.

When it comes to home renovations, every little thing adds up. Apart from the materials, labor, etc. you need to pay for, there are other additional expenses you also need to be mindful of. Although some of these unexpected home renovation costs can’t be totally avoidable, there are plenty of ways you can do to cut the costs.

Extra movers

Clearing out your space to make way for renovation can cost you extra if you have pieces of gigantic furniture. Although you can clear out your home yourselves, gigantic pieces of furniture will require you a few strong hands for help.

No matter how much you moved beforehand, hiring extra muscles or movers can still cost you about $500. To save even a few dollars, you can call a few friends for help, search for the most cost-efficient deal you can get, or try PODS.

Dinners out

Home renovations, especially in the kitchen, can cost you extra through dinners out or food take-outs. Because of the unavailability of space to prepare and cook your meals, you’re most likely to resort to dining out or ordering take-out.

To save at least $80 per week from your food allowance during your home renovation, prepare and store microwaveable meals in a mini freezer beforehand. You can also set up a makeshift kitchen in another area of your home instead.

Labor delays

Make a contingency budget plan for additional labor costs in the case of delays, changes in schedule, or any unexpected circumstance. Know your contractor’s hourly rate so in case these unfortunate incidents happen, you’re prepared.

If you’re caught unprepared, you’ll most likely face higher expenses. Worse, your renovation can be put on hold. Usually, labor costs start with $50 per hour. So in your budget plan, consider this to allot an appropriate budget for labor delays.

If you have a leisure of time and a knack and basic skills in home renovation, you can cut down your labor costs and do things yourself instead.

Dumpster fees

Even the disposal of your construction junk or old furniture can surprisingly be costly. On the average, dumpster fees can cost you about $400. However, there are ways to save. One way is by donating your trash to Habitat for Humanity.

Apart from saving a huge sum of your money, you’ll also be able to help your local community as well through Habitat for Humanity’s ReUse & ReStore program. They accept new or gently-used furniture, housewares, building materials, etc.

Staycations

When the home renovation becomes too loud or uncomfortable to bear with, you’re most likely to pack your things and head to the nearest hotel to stay in. However, staycations can be expensive and can take a huge chunk from your budget.

Before your home renovation takes place, plan where you can stay for a few days without breaking your bank. You can choose cheaper alternatives like holing up with some relatives or friends and offering them dinner to cover your free lodging.

Permit fees

Whether you have or don’t have a contractor, you must be aware of the different permit fees you need to prepare for before doing your home renovation. Some home renovations will require you to apply for a permit before you start the work.

Though you can’t run away from paying the necessary permit fees, knowing and including them in your budget can save you from hassle or any future problem. Securing the right permits before your renovation can save you much in the end.

Never go into a renovation project unprepared. Unpreparedness can be extremely costly. Making plans and decisions early on can save you thousands of your hard-earned dough. So look into the above tips to save your budget from extra expenses on your next renovation.

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