Items You Shouldn’t Forget to Budget for in Your Home Improvement Project

Items You Shouldn’t Forget to Budget for in Your Home Improvement Project

You’re prepping for a big home improvement project, you’ve planned out which DIY projects you’re going to tackle, and you’ve even started to pick out new paint colors. But how do you ensure that your projected budget will actually match the real-life cost? This article will walk you through three key things you should plan for when setting your remodel budget.

Budget for in Your Home Improvement Project: Fixing Mistakes

Even if you plan out every step of your remodel, mistakes are inevitable. Even simple things like ordering a backsplash that looks different in person than it did when you ordered it can result in certain return fees.

While some major mistakes can be avoided, you may still encounter costly mistakes and you need to plan for some of these to happen. If you’re knocking out a wall, you may find that there are important support beams in that wall that can’t be removed, resulting in a more expensive removal of the wall. Padding your remodel expenses will help you be able to finish your renovations comfortably even when you face unexpected problems.

Permit Fees

Even though you own your home, you still need a permit to remodel. Generally, if your remodel will result in changing the exterior face of your home, altering the plumbing, adding windows, or changing other specific aspects of your home, you will need a permit. It’s important to check your specific state’s regulations to ensure whether or not your renovation requires a permit.

Budget for in Your Home Improvement Project: Taxes and Shipping

Maybe you’re planning on remodeling your kitchen and you plan to take out the cabinets and bring in new appliances. When you’re doing your initial budgeting, it can be tempting to only account for the cost of the items themselves.

But even though it’s easy to get free shipping on a lot of other types of purchases—like a pair of jeans—shipping for larger items can actually be quite expensive. Similarly, it’s easy to forget about the cost of taxes. Though some aspects of your renovation may be tax deductible, you should still plan to pay hundreds of dollars in sales taxes when purchasing big ticket items like appliances and cabinetry.

Figuring out all the details to account for in a remodel can be complicated at first—with so many different individual items to pay for including materials, labor, and equipment, it can be easy to forget to factor in certain predictable costs. This article has walked you through a few expenses to plan on, but be sure to do your research about your specific project to ensure that your projected budget is accurate.

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New Listing - 3 weeks online
$159,990
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,183
SQFT
2746 Guava St
Fort Myers, FL 33916
EVANS ADDITION Subdivision
$82,900
Townhouse For Sale
Pending With Contingencies
2
BED
1
TOTAL BATHS
875
SQFT
Palm Frond Condo #2B
1165 Palm Ave 2b
North Fort Myers, FL 33903
$284,900
Single Family Home For Sale
Pending With Contingencies
2
BED
2
TOTAL BATHS
1,731
SQFT
9219 Palm Island Cir
North Fort Myers, FL 33903
PALM ISLAND Subdivision
New Listing - 4 weeks online
$91,500
Condo For Sale
Active
2
BED
2
TOTAL BATHS
930
SQFT
1006 Tropic Ter
North Fort Myers, FL 33903
TROPIC TERRACE Subdivision
$94,900
Condo For Sale
Pending With Contingencies
2
BED
2
TOTAL BATHS
892
SQFT
Foxmoor #H
5745 Foxlake Dr H
North Fort Myers, FL 33917
$120,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,114
SQFT
Foxmoor #6
5705 Foxlake Dr 6
North Fort Myers, FL 33917
$59,900
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0.23
ACRES
LEE
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1817 NE 23rd Ave
Cape Coral, FL 33909
CAPE CORAL Subdivision
$279,995
Single Family Home For Sale
Pending With Contingencies
3
BED
2
TOTAL BATHS
1,560
SQFT
531 SE 36th St
Cape Coral, FL 33904
NOT APPLICABLE Subdivision
$11,900
Land For Sale
Pending
0.23
ACRES
LEE
COUNTY
421 Tropicana Pky W
Cape Coral, FL 33993
NOT APPLICABLE Subdivision
$249,900
Multi-Family For Sale
Active
6
BED
4
TOTAL BATHS
3016-3018 Wallace Ave
Lehigh Acres, FL 33973
LEHIGH ACRES Subdivision
$135,000
Mobile Home For Sale
Active
2
BED
2
TOTAL BATHS
1,002
SQFT
19215 Arrowhead Ln
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision
$134,995
Mobile Home For Sale
Active
2
BED
2
TOTAL BATHS
958
SQFT
9945 Lake Fairways Blvd
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision
$225,000
Mobile Home For Sale
Pending With Contingencies
2
BED
2
TOTAL BATHS
1,647
SQFT
19400 Moccasin Ln
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision
$12,500
Land For Sale
Pending With Contingencies
0.231
ACRES
LEE
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2816 NW 6th Ave
Cape Coral, FL 33993
NOT APPLICABLE Subdivision
New Listing - 3 days online
$279,900
Single Family Home For Sale
Pending With Contingencies
3
BED
2
TOTAL BATHS
1,483
SQFT
1613 NW 5th St
Cape Coral, FL 33993
CAPE CORAL Subdivision
$249,900
Multi-Family For Sale
Pending With Contingencies
4
BED
4
TOTAL BATHS
5148-5150 24th St SW
Lehigh Acres, FL 33973
LEHIGH ACRES Subdivision
$144,900
Mobile Home For Sale
Active
2
BED
2
TOTAL BATHS
918
SQFT
19847 Eagle Trace Ct
North Fort Myers, FL 33903
PINE LAKES COUNTRY CLUB Subdivision
$159,999
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,144
SQFT
912 Sunniland Blvd
Lehigh Acres, FL 33971
LEHIGH ACRES Subdivision
$215,900
Land For Sale
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0.914
ACRES
LEE
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17107 Serengeti Cir
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SERENGETI Subdivision
$159,990
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,180
SQFT
300 Vermont Way
Lehigh Acres, FL 33936
CARLTON PARK Subdivision
$124,900
Single Family Home For Sale
Pending With Contingencies
3
BED
1
TOTAL BATHS
1,456
SQFT
1019 Joel Blvd
Lehigh Acres, FL 33936
NOT APPLICABLE Subdivision
$69,900
Land For Sale
Active
1.01
ACRES
LEE
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21910 N River Rd
Alva, FL 33920
ALVA Subdivision
$64,900
Land For Sale
Pending
0.25
ACRES
COLLIER
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205 S 2nd St
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IMMOKALEE INDUSTRIAL PARK Subdivision

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