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Whether you’re contemplating the purchase of a house for renovation or aiming to enhance your current home, in this editorial we have tried to help you navigate potential costs, accompanied by helpful budgeting tips. If you’re looking to increase your property’s value, create additional space, or simply refresh your living space, a renovation can prove to be an extremely beneficial option. Nevertheless, it can come with a high price tag. Home renovation projects can be a significant financial investment, and it’s important to comprehend the commitment before making a decision.

The first question that typically arises when considering such a project is, ‘What is the cost of renovating a house?’ While the answer is based on various factors such as the nature of the project, the quality of work, the size of the property, and more, we hope to assist you in arriving at a rough estimate to help your decision-making process.

There are a lot of factors that can substantially influence the overall cost of renovation. Key considerations for determining your budget include:

-Size of the property

-Condition and age of your home

-Necessity for structural work

-Construction of an extension to your property

-The complexity of your plans

-Quality of renovation materials

-Furnishings, design, and decoration

-Geographic location – for instance, labour costs in London or the South East may be more expensive than those in the North East

When embarking on a property renovation, it is crucial to establish a budget. Unforeseen expenses can arise so it’s important to set aside additional funds as a contingency.

Example of a building trade drawing

A plan of action is essential, and we highly recommend acquiring a set of detailed design drawings. These not only assist in refining your ideas but also serve as invaluable tools for builders, carpenters, and other tradespeople, ensuring an accurate quotation.

We recommend breaking your project down into certain categories and putting a budget figure against each one

Wall construction/repairs – Doors – Ironmongery – Floor finishes – Decoration – Kitchen-  Plumbing – Electrics – Insulation – Bathrooms – Heating – Lighting – Furniture and fittings

A good spreadsheet will help you budget for the project.

For actual figures, it is very hard to generalise, as every flat, house or space has different requirements. However, many people with a 3 bedroom two storey house may spend £60 k – £80 k plus VAT on an interior renovation. This can add value to your home, and therefore it may help to consider it as an investment.

Photos taken during site visit

For those contemplating a renovation but uncertain about where to commence, we are here to help. We can deliver a project from 2D plans through to project completion, encompassing project management and construction. By working with our skilled and trusted tradespeople, we ensure that the project is executed in a timely and budget-conscious manner. While unforeseen challenges may arise, our years of experience and skillful tradespeople enable us to minimise surprises and address issues as they arise. Contact us today if you are contemplating a renovation and seek guidance on your journey.