Home renovation is a trending concept in the US, with countless Americans taking up projects every year.
According to Yahoo! Finance, renovation investments in 2024 are expected to reach a whopping $485 billion. That is a big increase from $363 billion in 2020. Overall, the number signifies an increase of 33.6% over just four years.
The trend will likely continue in 2025, with many homeowners planning upgrades around the New Year. Before going ahead with the dream renovations for your home, you must think beyond the budget. Besides long bills, you may come across some unexpected challenges during home renovations.
These challenges can impact your project’s timeline, budget, and overall success. Being aware will help you minimize the impact and get the perfect look and feel for your home without stress. In this article, we will list a few issues you may encounter when redesigning your space.
1. Hidden Structural Problems
You may have small upgrades in your mind initially, but end up discovering hidden structural issues. Bankrate notes that these structural problems deserve attention because they can affect the safety of your dwelling. They may also lower the price of your property if you plan to sell it down the line.
Watch out for warning signs like cracks, leaks, pooling water, and bulging walls. Older homes, in particular, often conceal issues such as outdated wiring, plumbing problems, or foundation damage. The worst part is that that may not be visible until renovations begin. Such problems may need extensive repairs and increase the project costs unexpectedly.
2. Asbestos Exposure
Another silent culprit that may affect your home renovation project is asbestos exposure. It is surprisingly more common than you imagine. According to the Mesothelioma Center, homes constructed before the 1980s are high-risk zones. They may contain asbestos in materials like insulation, flooring tiles, pipes, and roofing.
Asbestos fibers are a serious health hazard capable of making people sick. When inhaled, these fibers can cause diseases like mesothelioma and asbestosis. TorHoerman Law notes that many people are even filing lawsuits to claim compensation for asbestos damage. These include renters and workers exposed to asbestos in the affected properties.
An asbestosis lawyer can help victims establish the connection between their illness and asbestos exposure. The settlement amount can reach up to $100,000, showing the gravity of the threat. Disturbing materials containing asbestos during renovations can release harmful fibers into the air. A professional inspection before starting the project can help you devise a safety plan.
3. Permit and Code Compliance Issues
Home improvements in the US cannot be done at will, notes House.com. For any expansion or remodel project costing more than $500, homeowners must get a construction permit. This spells more expense, time, and effort needed even for basic upgrades as they likely cost over $500.
An interior renovation permit is required to alter the design of the interiors without changing the structural elements. Conversely, you will need an expansion and reconstruction permit for more complex and extensive projects. Besides taking permits, you also have to adhere to updated building codes.
Not securing the necessary permits can result in fines and delays. You can overcome this challenge by hiring an expert to oversee the project.
4. Budget Overruns
According to Angie’s List, Americans looking for home renovation must budget $15 to $60 per square foot. However, the range can go up depending on the scope and quality of the materials. Think of spending upwards of $150 per square foot for custom paints, premium finishes, or high-end flooring.
Most homeowners struggle with budget overruns as costs tend to exceed initial estimates due to unforeseen complications. For example, unforeseen damage or changes in project scope can add up to the project cost. Experts recommend setting aside a contingency fund to manage these surprise expenses.
5. Delays in Materials and Supplies
Besides hidden costs, delays are another challenge homeowners may come across during renovation projects. You may start with an estimate of a few weeks, and end up spending months to get the upgrades you want. Delays can be frustrating because they can disrupt your life and routine.
Supply chain issues are often the reason for unexpected delays. At times, you may get into scheduling conflicts with your contractors. Whatever the reason, delays are a reason to worry because they potentially increase costs and affect the overall budget.
Frequently Asked Questions
What should I do if I find asbestos during my home’s renovation?
Finding asbestos during a home renovation project is a serious concern. If you suspect asbestos, you should not disturb it because inhalation of fibers is a dire health hazard. Hire a licensed asbestos inspector to evaluate the situation and recommend safe removal methods if required.
How can I prepare for unexpected issues during my renovation project?
Unexpected issues may always crop up during home renovation, so you must be ready to deal with them. The best way to be prepared is by conducting a thorough pre-renovation inspection with experienced contractors. Also, maintain open communication with them throughout the project. Remember to allocate a contingency budget for unplanned expenses.
What are the warning signs of hidden structural problems?
Hidden structural problems may not be visible in a property. Rather, you must watch out for red flags that indicate underlying damage. These include cracks in walls or ceilings, uneven floors, or water stains. These signs indicate structural issues requiring further investigation by professionals.
Home renovation is about refreshing the look, enhancing the feel, and adding value to your property. But it is more complicated than a list of upgrades you want. You may face some unpleasant issues after starting the project. Knowing the challenges and being ready to deal with them can ease the process.
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