Given the high cost of home renovations in Singapore, you want to be sure that you’re not incurring unnecessary expenses and aren’t surprised by additional costs once your renovation is finished. To help you out, we’ve identified potentially costly issues that all homeowners should be aware of before you decide to renovate.
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Hidden Cost #1: Forgetting To Take Measurements
As simple as it sounds, forgetting to take measurements before you purchase furniture, fixtures or appliances can be a costly mistake. In some cases, you will be able to simply return these items; however, sometimes you will have to pay additional shipping fees or even buy brand new items to fit your renovation needs.
For these reasons, it is important to take the time to double-check all of these minor details before you make purchases related to your project.
Hidden Cost #2: Accidental Damages
Unfortunately, when renovation accidents happen, they can be expensive to fix. Fortunately, those caused by your contractor are not likely to be an added cost for you, though they may delay the entire process.
However, any damages that you cause during your own efforts to the renovations can raise the cost of your total bill. Furthermore, damages caused by your renovation project are usually not covered by home insurance.
While damages that occur during renovation are not typically covered by your homeowners insurance, damages to the renovations made in your home that occur following your renovation should be covered. For this reason, it is important to insure yourself with the best home insurance for your home in order to protect your recently completed renovation project.
Hidden Cost #3: Last Minute Changes
As far as possible, avoid making last minute changes to your renovation plans. Besides creating a headache for your contractor, you can increase the total cost of your project beyond its original quote.
Even a seemingly innocuous adjustment such as requesting a different type of flooring material can drive up the cost of your renovation. For instance, choosing different materials, or even a different variant of the same material, can increase the cost of your renovation by hundreds of dollars.
This problem can be easily avoided through proper planning and by sticking to your original plans. That’s why it’s crucial to know what you want before signing on the dotted line.
Sometimes the changes may be outside of your control. Unfortunately, in this case you may not be able to avoid paying the higher cost.
For example, your desired materials could be out of stock, or you may find out too late that what you ordered doesn’t fit in your original design or may not be up to par with your expectations.
To avoid these instances, you should make sure you have an open line of communication with your contractor and ensure the quality and availability of the materials as early as possible to avoid ending up paying significantly more for expensive alternative materials.