5 House Renovation costs that you should consider

Are you looking to restore or renovate your home? Calculating the exact cost of the restoration can be difficult. There are many things you must take into account while preparing your budget. It is always a good idea to keep some money aside for miscellaneous expenses.

If you are planning on refurbishing your living space, you may want to prepare for the hidden costs of renovating your home. Are you looking for funds to finance your renovation? HDFC Bank offers an easy and convenient Personal Loan to address your diverse financial needs.

Hidden costs refer to the expenses you might have overlooked while preparing your renovation budget. Therefore, it is a good idea to develop a checklist of expenses before you begin. Here are a few points you may want to consider while making your renovation budget checklist:

  • Structural renovation

    Structural repair costs could run to a substantial amount if it includes repairing structural issues as well as the design of your home. These could include changing the flooring, modifying the ceilings, combining or making additional rooms, painting, leakage repair, adding doors and windows, etc.

    Often, one realises there’s further work involved only after the work gets underway. For example, while renovating your kitchen, you come across termite infestation in your kitchen cupboard. You may have to replace the entire unit to prevent further damage. This was not a part of your actual renovation plan. Costs like these can bloat your budget.
  • Electricals

    You may want to make some electrical changes during a renovation. This could be as simple as adding switches, plugs, or lights. While factoring in these expenses, you must take into account the electrician’s fees as well. Let’s assume you plan to hang a chandelier in your living room and have selected one based on your budget and the room aesthetics. However, you will also need to account for the electrician’s fees and installation costs. This would include items such as wires and bulbs.
  • Cleaning costs

    People often fail to consider the cost of debris removal after construction. Renovating a building can be a dusty task. After the reconstruction is through, the next chore is to clean the house thoroughly. But having to clean the house after a hard day at work can be an arduous task for even the most enthusiastic homeowner. To avoid this chore, you may want to recruit hired help to clean the rooms. Labour is not cheap; it will add to the cost.
  • Getting rid of waste

    You have just completed your home makeover. With the purchase of new items, old electrical equipment such as switches, wires, and cables will now be lying around. Not to forget construction debris. You need to dispose of these wastage in the appropriate manner, which means, you will have to pay the appropriate labour to get rid of the discarded items and waste material.

The extras you didn’t consider

Before starting your renovation, you may need to dismantle your furniture. Dismantling large objects helps clear some space. Assembling and dismantling take time and a good deal of effort. To make it easier, you may need help during the process. This help comes at a cost, so take this into account before you begin renovating your home.

Further, you need to be watchful about the construction material your contractor might be buying. Not all items would be used during the renovation. Be careful about paying for things that are not used. Negotiate with the contractor about the workers’ wages before you begin, to avoid any disagreements later.


Let your home upgrade not be heavy on your pocket. Paying for hidden costs spoils the joy of upgrading your den. Making a checklist will help you take into account the actual cost of your upgrade. To avoid overshooting your budget, prepare a detailed list of expenses before you finalise the budget for your home upgrade.

Do you wish to take a Personal Loan to finance your home renovation? HDFC Bank Personal Loan comes with flexible tenures, competitive interest rates, pocket-friendly repayments at Rs 2,162 per lac, and super-fast disbursals. Select pre – approved HDFC Bank customers can get the loan disbursed in 10 seconds, whereas non – HDFC Bank customers can get the loan disbursed to their account within 4 hours.

Wondering whether to renovate your home or relocate to a new place? Click here to read more!

Make your home renovation process easy now and Jio Shaan Se!

Click here  to get started on your HDFC Bank Personal Loan application now!

* Terms & conditions apply. Personal Loan disbursal at sole discretion of HDFC Bank Ltd.