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What’s The True Cost Of A Home Renovation This Close To Christmas?

That is one hard question to answer. Of course, the first thing that springs to mind is money. After all, a home renovation does not come cheap regardless of how much you try to cut costs. But, there is more to it than money because a restoration is a long and time-consuming project. Seriously, it can take weeks and even months and still may not be ready in time. Homeowners don’t like to hear this, but it’s the truth. So, to help you out, this post will look at what it costs property owners to make big changes to the house this close to Christmas.

Potential Debt

On average, you can expect to fork out more than $1,000 for a decent sized remodel. Even though winter is the cheapest time to renovate, the cost won’t be small. At any other time of the year, this is a problem yet it’s even worse just before December 25th. Obviously, Christmas is an expensive time because you have to buy food, beverages and presents to name but three. With a remodel, your festive spending may reach closer to $3,000 to $4,000. As the average person doesn’t have this money, you may need a loan which only increases personal debt.

Strict Deadlines

There are around two weeks before the big day arrives. Of course, you need the remodel completed before that time because no one wants to spend Christmas with a hole in the roof. However, you also need time to decorate, restructure the property and make it feel homely. Therefore, you probably have less than one week for the contractors to do their business. Not to stereotype, but lots of builders don’t finish on time or stick to a schedule. Missing a deadline is not only frustrating and expensive but has the potential to ruin Christmas Day.

Personal Health

A renovation is a stressful process whether it takes place during the summer or winter. For one thing, you have to constantly analyze your budget to make sure you don’t overspend. Also, there is the problem of it not being finished on time and having to live in a caravan for months on end. When the weather is warm and the sun is shining, these are issues which will keep you up at night. At Christmas, they lead to stress and panic attacks. Indeed, lots of homeowners have put their health in jeopardy trying to improve their home.

Settling

Sadly, you don’t have any leverage because Christmas is around the corner. As such, there isn’t much you can do should the renovation not match your imagination. And, plenty of homeowners are unhappy with a remodel if it isn’t perfect. Usually, they renegotiate with their contractor, but you don’t have the time or money. So, there is a chance you will have to live in a house you hate for the foreseeable future. Seen as a property should be a home, this is something everyone wants to avoid.

Renovations at Christmastime are achievable, but you must have the cash, the time and a backup plan.

This is a contributed post.

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