Anthony Carrino, VP of design at Welcome Homes and star of HGTV’s “Kitchen Cousins,” had a client in Jersey City who wanted a full-height basement with 8-foot ceilings. Carrino informed the client that there were a lot of unknowns that could make it get expensive fast.
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How deep were the foundation walls? How would they underpin the structure? Where was the bedrock?
“Still, he wanted 8-foot ceilings,” Carrino said.
A few days into digging, they hit a massive blue stone rock that was so hard it bent a jackhammer bit into a J shape. Carrino pleaded with the client to leave it at seven feet, but the client wouldn’t budge.
“A month and a half later, we got him his 8-foot ceilings — to the tune of about a $30,000 change order,” Carrino said.
The story illustrates just how quickly home renovation costs can soar and timelines can draw out when hidden flaws and unforeseen variables start piling up.
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GOBankingRates asked the experts which projects are most likely to turn into money pits and the general rules homeowners should follow to avoid falling into them.
This is what they said.