Whether you’re ready to expand your home with an extra bathroom, a more functional basement, or an additional bedroom, a room addition is an exciting project that should come with careful planning and budgeting. A professional home remodeling company should be able to give you an itemized price estimate so that you can responsibly budget. The professionals at Construction Hero, for example, work with clients to design their dream renovation while sticking to a budget. In any case, it’s important to know a little about home addition costs. We explore that here.
When homeowners or property owners think of the costs of a home or room addition, some tend to only think about the construction costs. Though materials, labor, and contractor fees make up a significant bulk of the cost of a home addition, there are other costs to consider. Failing to do so can set you up for an unpleasant surprise. Here are some other costs to be aware of:
The costs mentioned here are general considerations, and actual costs can vary based on your project needs and wishes. Further, it’s important to note the costs of mistakes, accidents, and unexpected issues. Set aside an extra 10 or 20 percent of the total project budget for unforeseen expenses.
We live in an unpredictable world, and it’s wise to expect the unexpected. As mentioned earlier, it’s important to have a contingency fund for unanticipated costs. These can include:
If you are feeling overwhelmed with all of this, then consider working with a home remodeling company. Professional and experienced home remodeling contractors have a good idea of obstacles that may arise, and they plan accordingly to minimize associated costs.
Home remodeling is a lot of work, and we are sure you have questions. The professionals at Construction Hero are happy to schedule a face-to-face consultation to address any questions or concerns you may have.