7 Unexpected Costs of DIY Renovations
Thinking about saving money with a DIY renovation for your home this summer? Think again…
There are some DIY projects that everyone should try at least once in their lives. Changing your car tire isn’t rocket science, and building a bookshelf is generally quite simple and rewarding. These are projects that can truly save you money, and there aren’t many risks involved.
A full renovation project is another story. The hidden costs of a DIY renovation add up faster than you can say “expenses”.
The question is, what are you paying for when you hire a renovation specialist instead of doing it yourself?
It can be difficult to make a value judgement. There are a lot of hidden costs in renovations. Often, you won’t discover them until you’re standing there with your hands held up in the air wondering how you didn’t see this coming.
If you’re thinking about a DIY renovation for your bathroom, basement, or kitchen this summer, browse through these 7 hidden costs before you start. Make sure you’re prepared for the time and money it will cost.
1. Waste Removal
With the installation of something new comes the demolition or removal of something old. That comes with its own price tag, unfortunately. Depending on the size, weight, and nature of the items you’re removing, this can be extremely costly.
Another consideration is resale value. In some cases, we’ve been able to salvage materials and items for our clients. They can be re-used or re-purposed, or even sold. As they say, one man’s bathtub is another man’s backyard planter.
2. High-quality Products
Renovation companies like Cristal Renovations have high-quality industry relationships that allow them discounts on products. That means more value on your products.
Yes, a contractor or renovation specialist is going to mark up products. However, stores like Home Depot often mark their products up far more than a contractor. Plus, you’re likely to pay more at a hardware store for an inferior product or brand name.
When it comes to your home, a single mistake can cost you literally thousands of dollars. If something goes wrong, don’t count on your insurance covering the cost.
Part of what you’re paying for when you hire a contractor is their insurance coverage, as well as their guarantee of their work.
A contractor might cost you money, but what is your time worth? If you calculate how much more time it’s going to take you versus an experienced contractor, the difference might surprise you.
Don’t forget about time spent on things like running to the hardware store, sourcing the right products, and doing research. It adds up quickly, and can easily take you away from recreation, family time, or even your own work.
5. Behind the Scenes Fixes
Imagine that you’re installing some new pot lights in your basement. You start wiring, and suddenly, you realize that whoever last touched your electrical was way out to lunch (another DIY renovation, maybe?)
Now you aren’t just rewiring lights. You have a major problem on your hands that requires professional help. While it’s not a big deal to have an electrician step in at this point to give you a hand, you likely could have saved a lot of time and money by hiring him in the first place. For all the rewiring work he has to do, he probably would have thrown in pot light installation for free!
6. Design Oversights
From shower doors that open directly against the toilet to ceiling fans to lights without switches, we’ve seen all kinds of renovation nightmares. Sometimes there are little considerations you wouldn’t even think to think about until it’s all said and done!
Starting off with the wrong design plan (or no design) can devastate a renovation project. It can be worth it to have a contractor look over your design before you start. That way, you get a solid starting point for your work.
If you had to put a price tag on yourself, what would it be?
A thousand dollars? A hundred thousand? A million? A billion?
If you don’t have the skills, training, and experience for a project, you could end up paying for your new bathroom or basement with your life. Or your family’s lives.
We don’t want to see that happen – ever, to anyone. If you need some advice or want to learn about any potential risks of your upcoming DIY renovation project, we’d be happy to sit down with you and talk it over. If you decide to go ahead and do it yourself, that’s fine! But our opinion and advice doesn’t cost you, and it may end up truly being life-saving.
DIY’s can be fun, and we’re not here to discourage you from any adventure. Just keep in mind that a second opinion, advice, or help in case of emergencies are always here from Cristal Renovations!