Architects Advise on Evaluating Homes for Renovation
On the *Home: The Second Story* podcast, architects advised potential homebuyers to first check a property's mechanical room, electrical panel, and sewer lines to gauge near-term costs. They also stressed inspecting basements and attics for structural and moisture issues. The experts recommended consulting local authorities on zoning and other restrictions, as these can significantly impact renovation potential.
- A contingency fund of 10% to 20% of the total project cost is recommended to cover unforeseen issues. Common hidden expenses include repairing termite damage, which can cost from $1,000 to over $10,000, and addressing foundation instability, with typical repairs ranging from $2,218 to $8,112. - Older homes often have outdated electrical systems, such as knob-and-tube wiring, and replacing them can cost up to $36,000. Similarly, repiping an entire home with old cast iron or galvanized pipes can range from $1,500 to $15,000. - Building permits are almost always required for projects involving new plumbing or electrical wiring, removing a load-bearing wall, or changing a roofline. The cost of permits can range from as little as $150 to as much as $7,500 for a large project. - Beyond the visible construction, budgets should account for logistical costs which are often overlooked, such as waste disposal dumpsters (averaging around $663), post-construction cleaning, and potential temporary housing during the renovation. - Architects advise homeowners to live in a house for a period before renovating to understand daily patterns, such as natural light, room usage, and outlet needs, which can prevent regrettable design decisions. - Architects can add value beyond design by managing contractors, keeping the project on budget and schedule, and making strategic design choices that can increase a home's long-term market value. - When altering a home's exterior or footprint, it's crucial to first consult the local urban planning or building department, as zoning laws can dictate everything from building height to allowable materials. Failure to comply can result in fines or project delays. - Architects emphasize designing for daily routines over occasional events, prioritizing the spaces used most frequently. They suggest focusing more on the layout, room proportions, and flow of light and sound than on surface-level finishes.
