So, you’ve gone through your home renovation scope with your renovator countless times. You think you have all grounds covered. Surely, with all these preparations, there shouldn’t be any reno issues, and your budget shouldn’t overrun, right?
Or so you thought.
Even with all these preparations, there is still a chance your renovation budget may overrun. Because there are that many details to be ironed out, sometimes potential add-on costs are only brought up during the process of the renovation, rather than before the start of it.
So, how then can we anticipate or even avoid these hidden costs of renovation? Read on to find out more!
Many homeowners often forget to confirm the number of power outlets they need, how they want the electrical wirings to be concealed, and whether they need any power outlet to be rewired. These may sound so basic. But, because they involve hacking and / or building false walls, they are crucial steps that have to be planned ahead, before your renovator can start on other renovation stages, like painting of walls. Otherwise, you may risk paying more to have these electrical works done much later.
To cut these costs, plan where you want the lighting and power points to be, and the type of lighting you want to install, all before you start on your renovation.
This is because shifting any lighting or power points require hacking and then re-patching part of the wall / ceiling. Also, some types of lighting require a false ceiling. Without having all these arranged before the start of renovation, you might end up spending money painting the walls or installing the wall features, only to realise later that these expenditures have gone to waste because they have to be redone due to the electrical works. So, avoid these extra costs by planning your electrical works early.
We are all fickle-minded people. This is especially so when it involves designing our new home that we’ve put our heart, soul and savings into making it the best. So, it is really common that many of us change our minds on the renovation plans, even while the renovation is already in progress. But did you know this ficklemindedness of ours can actually cost us more for our renovation?
Here are some of the common changes in plans we’ve seen homeowners commit and how they can cost you more money:
To avoid these unnecessary hidden costs, always consult your interior designer before you purchase any items for your home furnishings. Check with them if they think the design and the dimensions of the furnishings will fit into the intended spaces. You can also check with your renovator on when you have to confirm the design of the built-in carpentry. Usually the actual carpentry production starts once the carpenter has taken the exact measurements of the carpentry needed. So, do try to finalise your design before this!
Due to the complicated nature of renovations, mistakes are likely to be made and reworks can sometimes be inevitable. But each rework means more time, effort and sometimes even money. These are the common reworks needed during home renovation:
To avoid incurring the hidden costs of reworks, ensure that you go into as much detail as you can when discussing the renovation scope with your renovator.
Also, request for your renovator to break down the renovation into different stages (e.g. electrical works, wet area works) and give you a calendar timeline of when each stage will be done. Then, make it a point to visit the renovation site at the beginning, in the middle and at the end of each of the stages. Your visit matters because that’s when your renovator can get you to confirm face-to-face on the details that could have been missed out. Plus, with these visits, you also get to do defects inspection while the workers are still around to fix them.
And, while you are at it, check that there is proper floor and wall protection done to prevent any damages caused during the reno process.
Many homeowners love to buy big-ticket furniture, like sofas and cabinets, during the sales season, even before they get the keys to their new homes. Oft times, they usually base all these home furnishing shopping solely on their floor plan. While the floor plan might be fairly accurate, it does not preempt you about the structural irregularities in the house layout. For instance, perhaps there’s just that small section of the ceiling that’s protruding down lower than the rest of the area? It may seem insignificant. But, imagine what might happen when you buy your cabinets, only to realise it much later that they can’t fit in because of that section with a ceiling height lower than usual?
Yep, the next thing you know, you are back at the furniture shop asking for a new one that fits.
To keep clear of such hidden costs, avoid buying furniture and carpentry products until you have confirmed the renovation scope. Otherwise, you might end up with products that can no longer fit into the newly renovated space you have. You could also consult your renovator with the dimensions of the furnishings and ensure that they can fit well, before you actually buy them.
Also, if you are planning to do skirting for your flooring, ensure that all your furniture leaning against the walls (e.g. wardrobes) cater for the skirting. Otherwise, you may end up with an awkward gap behind the furniture.
Alright, so you have finally completed your renovation. And you’re thinking, there, that’s it. That’s the full reno cost. No more heavy spending on the house after this.
But, hold on! Let’s not forget the hidden cost of maintaining your newly renovated home.
The most immediate maintenance costs are the utility bills, especially the electricity bill. How you renovate your home can greatly affect how much electricity you consume monthly. Dark homes with dim lights usually incur higher electricity bills, since more lights have to switched on longer for better lighting in the house.
The not-so-immediate maintenance costs are those you incur when you have to replace what’s been damaged around the house. Commonly damaged areas are those that face heavy human traffic / use e.g. bed, sofa, floor, dining tables and chairs.
To save on your electricity bills, opt for lighter and more neutral tones in your home design. These paler colours help to make the space feel not only bigger, but also brighter. So, you won’t need to keep that many lights on, just to make the space look brightly lit at night. You can also opt for energy efficient home appliances that can help you shave hundreds of dollars off your electricity bills each year!
And, to save on your replacement costs, consider investing more on home furnishings that have to deal with high usage. Instead of buying a cheap $500 sofa that lasts a short while, you could buy a better quality option that may cost slightly more, but can last for much longer. Buying quality furniture can cut down on your home maintenance costs greatly in the long run.
Bonus Tip! If you think your budget is likely to overrun, check out some tips on how to cut your overall reno costing here!