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Showing results for tags 'refurb costs'.
Hi all, Because everyone loves a good floorplan challenge... We're looking to purchase this property as first-time buyers - the only downside is it doesn't have a bathtub! I'm looking to have one added in - either by renovating the current bathroom, or adding another bathroom. How would you add a bathtub to this floorplan? (Bonus points for some estimates on the cost as well) I've got some thoughts of my own, but will post those after others have shared... Looking forward to hearing your creative ideas!
Hi All, Would be great if I can get some advice on the below quote: I've attached the floor plan below but I'm turning this flat which I'm moving out of into a BTL property, I've already converted the property to a BTL mortgage and moved the property into a limited company but it needs renovating before it can be let out to tenants. Apart from the double glazing windows which are 2-3 years old, everything else needs replacing as this is a very old converted victorian flat which is in need of full modernisation. I've estimated the work based on research to be around £35K-£40K with contingency of £5k-10K based on a full refurbishment and size of the property. I thought this was a very generous budget and was hoping to come a bit under this budget but I had a shock when I got a quote for £56K. I've put the breakdown of the quote below. From my side, the contractor is very experienced and does good work based on pictures I've seen and recommendations and I've got a good gut feeling he would do a good job and this would be the final price. However, I feel this is quite expensive based on my original expectations. I also received another quote for £36K but I feel things are missing from this quote and the cost would increase a lot, say by £10K. I am still waiting for other quotes but I think the question that I'm asking is: 1. Is the quote a realistic quote for the work required, if not, what be would be a fair quote? (rough estimate or range being in London, finger in the air type guess) 2. What information should I ask for to get a better understanding on the quote and to check if things are being priced up. 3. What strategy should I use to bring down the price of the quote if it's not fair. 4. Just any advice in terms of what I'm doing wrong or should start doing, would be much appreciated. Thanks again for reading or responding to this post. £56K Quote: £36K Quote: Floor Plan of Flat
Dear Property Hub community, My name is Luis, I'm a Spanish Construction Engineer that has lived half of his life already here in the UK. I'm passionate about property investment, for now I've done mainly buy to lets and a couple flips. I'm MCIOB, so charted construction manager and I've got my own small design and build company in partnership with an architect and a Surveyor. I'm also working my way into becoming a residential valuer through RICS. almost there, but not just yet! I would be very happy to help anyone interested in investing in property so I can learn about what kind of projects other people do so please do not hesitate to contact me if you've got any worries or queries regarding current or future projects, building works on the go, issues with a fellow builder (we can be a handful sometimes but with patience and beer you might get a smile!) or any others that you think I might be able to help with. I specially love looking at projects to be, feasibility studies to explore the potential of a deal. I'm happy to give rough estimates free of charge and also my opinion as a construction professional on how easy - challenging the idea you've got in mind can be. Bests, Luis
Hello I have just viewed a property and find it very interesting. I am a bit lost on how to estimate the refurb costs before placing an offer. I believe that the house needs to have carpet replaced on 2 floor, bathroom and kitchen completely renewed, minor decoration jobs, external front wall cleaned up, possibly electrics to be rewired too. Please any idea on how to estimate the costs? I have attached a plans and measures. Thanks Sara