Dreaming Of Open Concept? 4 Hidden Costs You Should Consider

Real Estate Blog

Gone are the days of the formal dining room, and here to stay, for the time being at least, are informal open-concept living spaces. If you're dreaming of an open-concept space in your closed-off, traditional home, you're in luck. It's not that difficult to create an open space. Hire the right contractor, and you're well on your way to creating your dream. While many jobs are simple and straight forward, requiring the removal of a non-supporting wall, others are more complicated. And in many cases, you won't know what you've got till you open the wall. Following are four hidden costs you should consider when removing a wall. 

Beam Installation

Load-bearing walls are walls in your home that are vital to the structure of your home. They're holding your house up, basically. Whenever you remove a load-bearing wall, you remove the support of that wall, so you have to replace the support with columns or support beams. A load-bearing support beam will cost you about $2,200. Columns are less expensive but may mess with your open-concept vibe. 

Asbestos Testing

If your home is older, you always have to worry about asbestos. Commonly used in building materials, such as insulation, asbestos is a cancer-causing agent that has to be removed by a certified asbestos team. If asbestos is suspected, you will have to pay to have it tested. If it is asbestos, you can spend $1,600 or more, depending on the extent and location of the material. 

Plumbing Fixtures

Walls are home to many things, including electrical wiring and plumbing. If you have these things in the wall you wish to remove, you will have to pay to reroute them. You can spend several hundred dollars to several thousand dollars, depending on the complexity of the job and how far they have to be rerouted. 

Cohesive Flooring

Once you remove the wall that's preventing you from having an open-concept home, you will have to deal with flooring breaks and possibly mismatched flooring. Be sure to account for cohesive flooring in your budget. You may be able to tie your floors together, but you may also have to replace all your floors. 

There may be many hidden costs lurking behind the only wall keeping you from an open-concept living space. To make sure you account for as many hidden costs as possible, have your local home contractors come out and inspect the wall before you begin work. 


22 May 2017

Sarah's Renting Tips

Although I've never worked professionally in the real estate business, I sure know my way around it. How, do you ask? Well, I have simply rented a lot of different places and worked with a lot of different landlords and real estate agents. In the past 7 years I've lived in 11 different houses or apartments, none of them my own. In finding those 11, I have looked at literally hundreds of apartments. I used to hate house hunting, but now it's kind of fun. You just need to know what you want and the right questions to ask. Hopefully this blog can help you learn some of the tricks of the trade from another renter like yourself.