House renovation budget - thoughts/advice

Russinating

Russinating

Russinating

Soldato
Joined
27 Dec 2005
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Location
Bristol
I've done a quick budget for renovating our soon-to-be home, and was hoping people might be able to fill in some gaps or shortcomings. I've tried to over estimate on most, and I haven't included tools as I know I can get the majority of these for free (other half's dad works for Rolson which is handy), nor furniture as they'll be coming with us.

The budget is based on the estimated/target sale price minus £10,000, ie that'll be the profit. That gives us £23,900 to spend.

House is a dated two bed and a total of about 75sq/m (800sq/ft) over two floors.

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Any thoughts/advice/experience?
 
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Your Missing labour. Unless your planning on doing ALL of it yourself.

I'm just dressing a house for sale that I have completely renovated back to brick and rebuild.

Costs WILL spiral out of control if you don't keep a tight eye on things.

Plus if your doing it all yourself don't forget to include 12 months mortgage payments and selling costs. Boom there goes your £10K profit
 
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Yes, everything apart from the extension we're hoping to do ourselves to save pennies. It's a 2-year plan minimum and hopefully we'll be able to remortgage and rent so hopefully won't incur any mortgage or selling costs.
 
Can't really comment on the prices, but if you're tiling the bathroom, I would tile the floor too. Much better finish than Vinyl.
 
LiE said:
Can't really comment on the prices, but if you're tiling the bathroom, I would tile the floor too. Much better finish than Vinyl.
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Only problem with that is you then need to install underfloor heating as unheated tiles in winter particularly in a bathroom are horrible!

Your budget looks reasonable but no mention of electrics or heating are both sound? Plan a contingency of at least 10% as unexpected stuff will crop up.
 
Your budget for the kitchen looks on the low side unless it is very small (an oven and hob will be ~£500 for example). We spent £1k last year refreshing our kitchen and that only included worktops, sink, oven & hob). Also difficult to know whether budget for extension is feasible without knowing what it is that you'll have built
 
I'd say the budget is fair if you're planning for an average finish and rooms are quite small.

I wouldn't say you need underfloor heating with a tiled bathroom floor, if you have a decent sized rad (ie not a towel rad or a tiny one draped in towels) in there it'll keep plenty warm.
 
a1ex2001 said:
Only problem with that is you then need to install underfloor heating as unheated tiles in winter particularly in a bathroom are horrible!

Your budget looks reasonable but no mention of electrics or heating are both sound? Plan a contingency of at least 10% as unexpected stuff will crop up.
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Our current rented places has tiled floor and no underfloor heating and it's fine. Only reason I put vinyl down was because I saw how cheap it was 9!), and with the end goal hopefully being rental it'll be a bit easier to replace if it's damaged.

ci_newman said:
Your budget for the kitchen looks on the low side unless it is very small (an oven and hob will be ~£500 for example). We spent £1k last year refreshing our kitchen and that only included worktops, sink, oven & hob). Also difficult to know whether budget for extension is feasible without knowing what it is that you'll have built
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It was based on a rough idea from Ikea, but yes it will be fairly small. White goods are also over what we'd need so I imagine there'll be crossover there into sink, oven and hob.

Extension price is based on a quote I've already got for it - 8m/sq, patio doors, one window in existing wall, two roof windows, plumbing for a radiator and first fix. Hopefully that'll be less as it's the first and only quote we've got atm.

Thanks guys!
 
Lopéz said:
Never found this to be the case.
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Tends to be the case if you've got a towel rad in there to be honest.

Not only do they put out less BTUs than a normal rad but covered in a towel the heat (baring in mind heat rises) just goes into the towels so the bathroom becomes frigging freezing come winter.
 
Looks ok, im currently doing the same myself, whole house refurb. Labour is me and my dad for the expert jobs:) So far its cost me nearly £5k and ive fixed the loft room, tidied up 3 bedrooms, reroofed the porch, done the garden, fitted a bathroom and paid for my kitchen. So far im under budget but can see clearly where it could spiral if i let it. I would say +10% at least and you should be good.

Also where are you getting 20 bags of plaster for £100 from? thats a good deal
 
The budget looks pretty light to me and I think it will end up costing you a lot more than you think, even if you're doing a lot of it yourself.

It all depends on the quality of the finish that you're after though I guess.

The kitchen certainly seems light though. My eyes have opened to the costs involved with that recently :(
 
Lopéz said:
Never found this to be the case.
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pitchfork said:
Tends to be the case if you've got a towel rad in there to be honest.

Not only do they put out less BTUs than a normal rad but covered in a towel the heat (baring in mind heat rises) just goes into the towels so the bathroom becomes frigging freezing come winter.
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Different experiences I guess, I've never been in a bathroom with a tiled floor in winter that wasn't horrible to walk on in winter without under floor heating. They are ok if the heating has been on for hours and got the house up to a really good temperature but that never usually the case in the morning as the heating tends to have only been on long enough to heat through the air and even after a days running tiles floors still feel cold, to me!

Your mileage may of course vary everyone's idea of ok is different!
 
Lopéz said:
Never found this to be the case.
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Agree, our entire ground floor (6 rooms, including bathroom) consist of tiles and have never had a problem. We have very large towel rail/rad and is fine.

£12 for a pair of slippers or £££ for underfloor heating that costs ££(£) to run a year. Plus you're not living in it.
 
Kimi said:
Looks ok, im currently doing the same myself, whole house refurb. Labour is me and my dad for the expert jobs:) So far its cost me nearly £5k and ive fixed the loft room, tidied up 3 bedrooms, reroofed the porch, done the garden, fitted a bathroom and paid for my kitchen. So far im under budget but can see clearly where it could spiral if i let it. I would say +10% at least and you should be good.

Also where are you getting 20 bags of plaster for £100 from? thats a good deal
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Thanks Kimi. You got a log here?

And just Wickes for the plaster, first place I went to get a price, 5 for £25: http://www.wickes.co.uk/British-Gypsum-Thistle-Multi-Finish-Plaster-25kg/p/220056

billysielu said:
Big risk for small gain. Prolly earn more stacking shelves.
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Serious? The project has nothing to do with profit/earning, just a small jump up the ladder. Profit margin is only there to ensure we don't lose money.
 
That is a good deal, i thought i paid 7 a bag, i must be mistaken.

I dont have a log on here, few jobs in the what man jobs have you done today thread and a post about a faraday cage in my loft lol:) I should make one really
 
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