Most homeowners underestimate renovation costs. Even with careful planning surprises always come up.
Hidden issues like bad wiring, water damage or outdated plumbing often appear once walls or floors are opened. Materials may also cost more than expected or shipping delays may force you to pay higher prices locally.
This is why you should always add a cushion to your budget. A good rule is at least ten to twenty percent extra. If your project is ten thousand set aside an additional one to two thousand for surprises.
If you end up not needing it the extra money can go toward finishing touches like decor or furniture.
Final thought: Planning for the unexpected keeps renovations stress free. How much of a cushion would you feel comfortable with?
