Understand the Hidden Costs of a Home Renovation in Fernandina Beach

Are you thinking about renovating your home in the Amelia Island and Fernandina Beach, FL area? If so, you need to be aware of the hidden costs that can add up quickly. In this blog post, I outline some of the most common hidden costs of home renovation in Fernandina Beach, as well some tips for budgeting for hidden costs and how to avoid surprises.

Here are some of the most common hidden costs while doing a home renovation:

Insurance:

When you are renovating your home, you will need to have adequate insurance coverage. This is because there is a risk of damage to your home during the renovation process. The type of insurance you need will depend on the extent of your renovation. For example, if you are only making minor changes, you may only need to purchase additional liability insurance. However, if you are making major changes, you may need to purchase a full homeowners insurance policy.

Lodging:

If you have to move out of your home during the renovation, you will need to pay for temporary lodging. This can be a significant expense, especially if you have to stay in a hotel or rental property. If possible, you may want to consider staying with friends or family during the renovation. This will help you save money on lodging.

Storage:

If you have to move out of your home during the renovation, you may also need to rent a storage unit. This is where you can store your furniture and belongings while the renovation is taking place. The cost of renting a storage unit will vary depending on the size of the unit and the length of time you need it.

Essentials:

If you can't access your appliances during the renovation, you will have to pay for things like dining out and laundry services. This can add up quickly, especially if you have a large family. If possible, you may want to consider renting a temporary appliance or using a laundromat during the renovation. This will help you save money on essentials.

Budgeting tips:

To avoid surprises, it is important to budget for hidden costs when you are planning a home renovation. Here are some ideas for budgeting for hidden costs:

• Get estimates from multiple contractors. This will help you get an idea of the true cost of your renovation.
• Be realistic about your budget. Don't forget to factor in hidden costs when you are setting your budget.
• Have a contingency fund. This will help you cover any unexpected expenses that come up during the renovation.

By following these tips, you can avoid surprises and stay on budget when you are renovating your home in Fernandina Beach.

If you are planning a home renovation in Fernandina Beach, be sure to contact a qualified realtor such as myself to help you find the right property and get the best deal!

If you have any questions about renovating or the real estate market in the Amelia Island and Fernandina Beach area, please don't hesitate to contact me. I'm happy to help you in any way I can. Feel free to call or text me at (904) 866-1211 or email me at colleen@closewithcolleen.com.

ABOUT TOP FERNANDINA BEACH REALTOR COLLEEN GERKE
Colleen Gerke is a Top Producer Realtor in Fernandina Beach, Amelia Island, Yulee and the surrounding Northeast Florida area. Colleen has a top 5-Star rating on Zillow, Yelp, Realtor.com and Facebook. She strives to be the best real estate agent you’ve ever worked with! Whether you’re looking to sell your house in Fernandina Beach, move to Amelia Island, or add a Florida property to your rental portfolio, you’ll have a stress-free real estate experience when you Close with Colleen.