If you’re thinking about remodeling your home this year, you’re not alone. As many shifted to working from home in the pandemic, quite a few homeowners decided that they want to make some changes, too, from bathroom and kitchen renovations to outdoor upgrades.
Whatever project you have in mind, the cost of a remodel isn’t limited to the materials you’ll need or the contractors you’ll hire. As you look ahead to cooking in that new kitchen or turning that spare bedroom into an office, be sure to budget for these often-overlooked expenses.
6 hidden costs of home remodeling
1. Securing permits
Many remodeling projects require a permit, which costs approximately $1,220, but can range from roughly $440 to $2,000, according to Angie Hicks, co-founder of Angie’s List.
“Most renovations call for permits, especially if you’re updating electrical or plumbing,” Hicks says. “In big cities, permits can cost up to $7,500, while in small towns they may be as low as $100.”
2. Installing appliances
You can’t just buy that new refrigerator – you also have to get it up and running, which costs money.