Exterior Renovation Expenses
Aren’t you excited to get started on renovating your new home?! Before you get started, don’t forget to set aside some funds and resources for the exterior of the property. Sometimes people forget that they’ll need to consider items outside of the home also. Some of these items can be very costly so make sure to budget accordingly. In this video I’ll give a few examples of things to consider.
There are many things to consider when renovating the interior and exterior of your home.
Here are a few key points to consider:
Set a budget: Determine how much you can afford to spend on your renovation project. Keep in mind that unforeseen issues or changes to your plans can add to the cost of the project.
Create a plan: Make a list of the renovations you want to complete and prioritize them based on your budget and the potential return on investment.
Obtain necessary permits: Check with your local building department to see if any permits are required for your renovation project. Obtaining the necessary permits can help ensure that the work is done safely and up to code.
Hire professionals: Consider hiring professionals, such as contractors, architects, or interior designers, to help with your renovation project. They can provide valuable expertise and ensure that the work is done correctly.
Prepare for the renovation: Set up a temporary living area if necessary, and take steps to protect your home and belongings from dust and debris during the renovation process.
Consider energy efficiency: Look for opportunities to improve the energy efficiency of your home, such as by installing energy-efficient windows or appliances. This can help save money on energy bills and make your home more environmentally friendly.
Think about resale value: Keep in mind that certain renovations can increase the resale value of your home, while others may not provide as much of a return on investment. Consider the housing market in your area and the types of renovations that are most likely to appeal to potential buyers.
Here are some exterior renovation expenses that you may want to consider:
Landscaping: This includes expenses for plants, shrubs, trees, and other vegetation, as well as any costs for grading, soil preparation, and irrigation systems.
Siding: If you're planning to update the siding on your home, be sure to budget for the cost of materials and labor.
Roofing: The cost of a new roof will depend on the size of your home, the type of roofing material you choose, and any necessary repairs or upgrades.
Windows: Replacing windows can be a significant expense, but it can also improve the energy efficiency of your home and increase its value.
Doors: The cost of a new door will depend on the size, material, and style you choose.
Deck or patio: If you're planning to add a deck or patio, be sure to budget for the cost of materials and labor.
Paint: The cost of painting the exterior of your home will depend on the size of your home, the type of paint you choose, and any necessary repairs or preparation work.
Driveway: If you're planning to update your driveway, be sure to budget for the cost of materials and labor.
Gutters: The cost of new gutters will depend on the size of your home, the type of gutter material you choose, and any necessary repairs or upgrades.
Lighting: The cost of exterior lighting will depend on the type and number of fixtures you choose, as well as any necessary electrical work.
Overall:
If you're planning to renovate a new home, it's important to set a budget and allocate resources carefully to ensure the project stays on track and is completed within your financial means. It's also a good idea to prioritize the most important tasks and address any necessary repairs or updates first. Don't forget to factor in the cost of any permits or inspections that may be required for your renovation project. And be sure to allocate some of your budget for the exterior of the property, as maintaining the exterior of a home is important for its overall appearance, value, and protection from the elements.