Hidden Fees That Might Arise

While planning a remodel project, it's essential to be aware of potential hidden costs that can significantly impact your budget. No one who is reputable is deliberately hiding the costs or fees associated with the remodel work, however certain “unforeseen costs” can arise. One area that might not be as huge of an impact, but still should be included in your estimate is the cost of permits. You might only need one or two permits, but the city does not hand them out for free. Another one that typically gets missed is inspection fees. Not only do you need an inspector to check each permit that is pulled, but also a final inspection of the home when it is complete. It will also give you peace of mind that the remodel work was done to code and if you plan on reselling in the future, you will not run into any issues. You will always want to consider the materials you chose and when you priced them out. The construction industry is very volatile, and pricing can change quickly and dramatically. Make sure you have backup options on other items you would be willing to consider if the price or availability of what you initially chose is no longer an option. Although it is out of anyone’s control, the weather is always a factor too. If the project gets delayed, some of those subcontractors might not have the availability they did before to get the work done, which may not cost you financially, but it will take more time to complete the project.