Home remodeling projects, like bathroom and kitchen remodels, are popular among homeowners. These renovations help increase functionality while providing an excellent ROI. However, there are several hidden costs that homeowners will have to pay when they work with a home remodeling contractor. This article will cover everything you need to know to ensure you don’t get a surprise bill.
Sometimes, remodeling contractors have to work with other professionals. They commonly work with an architect during the design process, especially if you want a significant remodel. According to This Old House, a complete architectural commission for a house remodel is usually 8% of a project's construction budget. However, smaller rooms and remodels may be a fraction of this cost.
Some companies offer every service you need for a remodeling project, from plumbing to electrical work and everything in between. However, it’s common for a home remodeling contractor to work with multiple other contractors to get the job done faster. These contractors usually charge their fee but may work on a commission basis for larger projects.
Most remodeling projects on older homes are more significant than many homeowners expect. For example, tearing down the walls to expand a room may reveal an outdated electrical system that needs to be replaced. Ripping up a floor for new flooring may reveal a rotting subfloor that must be replaced to ensure the floor remains safe. These unexpected costs often arise, so most people advise homeowners to overbudget for a home remodel and ensure there is room for additional work. It’s best to get it all done at once.
Remodeling projects must comply with local laws and regulations. Many more significant construction projects require permits before work can begin. Every permit typically costs a certain amount. The project must also be periodically inspected to ensure it’s up to code. Several inspections may be required. For example, one may be for code compliance, another may be from the fire marshal, and there are inspections for new electrical wiring. These can cost additional money.
Although there are many hidden expenses, it’s common for a home remodeling contractor to include them in the overall estimate. Most local contractors know how much permits and inspections cost. Contact us at Red Wolf Construction to learn more about the remodeling process today.
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