Costs That You'll Incur During A Delay In New-Home Construction

It's easy to shrug off a delay in the construction of your new home and know that you'll simply have to wait a little longer before you're able to move in. While this issue might initially not seem very serious, you may change your mindset once you start to add up the extra costs that you'll incur because of this delay. A delay in new-home construction can cost you a lot more than inconvenience, so you'll want to hire a real estate law attorney to represent you. The attorney can assess your costs and file a suit against the builder to seek damages that will compensate you for your out-of-pocket expenses. Here are some of the expenses that you may face in such a situation.

Temporary Housing

If you need to move out of your existing home by a certain time and your new home hasn't been finished yet, you'll need a place to live. While some people will be able to move in with family, this isn't always possible. You may need to stay in an extended-stay hotel or perhaps even find a furnished apartment in which to live with your family until your new house is finished. Depending on how long you have to wait, you may end up spending hundreds or even thousands of dollars for your temporary housing.

Storage Of Possessions

If you've had to move out of your current home but your new home isn't yet ready for you, you'll need a solution for storing your possessions. An easy remedy is to rent one or more self-storage units and load them with the contents of your home. This is another cost that you'll have to face, and it will increase with every month that passes. Another related cost is the cost of renting a truck or using a moving service to transport all of your items from your home to the self-storage center.

Time Off Work

It's possible that you may need to take some unpaid leave from work during this situation of finding yourself between homes. For example, if it's the summer break and you don't want to leave your children in a hotel room all day by themselves, you may elect to stay home from work. Or, you may need to take time off work because you're essentially adding another move — the one from your home to the self-storage center — into the moving process. Days off of work take money out of your pocket and thus can represent another considerable expense.