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Cost to refurbish, new bathroom and kitchen for a newbie in Manchester


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Hi

I am new to property investment and have been following PH for 2 months. Love the podcasts and free education that has been delivered by the two Robs and their team. Our strategy is to buy refurb and let out. I have been looking at terrace houses in Manchester 2 up 2 down but neither my husband or I have any building experience. Unfortunately we don't have any builder friends either :(  We are finding it hard to estimate how much it would cost for a new kitchen and bathroom. As we are stuck in this conundrum and consequently finding it difficult to place offers in on properties that need modernisation.

Aside from making money and quitting the rat race we would like our buy to lets to be nice modern homes for people. The idea of doing up a place aside of gaining value but just as importantly is to give the house a warm, modern and welcoming environment for the family that move in.

Can anyone provide advise on what value we should put in our spreadsheet for a new bathroom and kitchen including materials and labour?

Much appreciate any insight from the experienced investor who has done it in Manchester. We do live locally and will be attending the next Property Hub meet up - hoping to learn more from those who have walked this road.

Many thanks

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  • 2 weeks later...

@richard brown had some tips from a YPN magazine that I've got, but can't remember where they came from. May have been a podcast attachment. 

I'd also found a few YouTube videos that gave typical costs that I've written down and used as an estimate. At the start of a first refurb, so will find out if accurate in the next couple of months!

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I've found costs from three places and built them all into a spreadsheet. I then fill each one in with what I think needs doing and look at the costs, usually taking the average, although if one is a long way different, I average the other two.

Can't prove any of them are correct yet, so will have a better idea once I finish removing woodchip. (I'm not sure I'll ever finish removing the woodchip...)

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