Renovating a house is hugely rewarding, but it’s not a task that should be undertaken without sufficient financial support at hand. That’s why you should budget carefully for the project in advance, though exactly how large a bill you need to foot will depend on what the renovation work entails.
A good ballpark range for the cost of renovating a 3-bedroom house would be between £50,000 and £100,000. However, variables you should account for when calculating a renovation project’s price include the property’s size, age and condition and whether any structural work would be required.
There’s also the matter of whether you want to renovate the entire property or just one specific part of it. The renovation options available for homes include extensions, loft conversions and roof repairs – and we have the specialist expertise required to renovate any London home as the homeowner requires.
If you want to essentially just spruce up how your home looks, you could refurbish it. You could, for example, redecorate its walls by painting or wallpapering them, or fix chipped cupboards or shelves by having wood in them replaced. However, if you want to enhance your home’s functionality rather than simply its appearance, your needs are likely to be served best by a renovation rather than a refurbishment.
This is because a renovation is often more ambitious and involves making large-scale changes to the property’s structure. So, if your home is short of space, you could add some more by opting for an extension. Alternatively, if your loft already offers the sought-after space but it isn’t currently usable, you could make it so by arranging a loft conversion.
Returning to the example of the 3-bedroom house, you could find that fitting a new heating system – complete with a combi boiler and radiators – in it sets you back roughly £6,500. Meanwhile, rewiring the house could cost you about £6,000 if the property’s electrical system is somewhat standard.
Other “small” changes possible for a 3-bedroom house include fitting a new set of windows, which could cost that property’s owner anything from £2,500 to £6,000, and applying new plaster to the walls, a renovation job that would be priced at £2,500 or thereabouts.
If you have recently moved to London but sky-high property prices have forced you to purchase an ex-rental property just to get your foot on the local housing ladder, take heart that doing up your new flat doesn’t have to hit your bank balance as hard as you might have initially feared. After all, a smaller space would make it easier for you to rein in an overly adventurous spirit when it comes to DIY.
For example, you might only need to pay about £200 a unit for new PVCu windows – while, if you wanted to replace a French window with bi-fold or sliding doors, following through on that could swell your renovation budget by as little as £600 per new bi-fold or sliding door.
You might be thinking in terms of large-scale improvements rather than small fixes. If you are considering a house extension, a good-quality one can be priced from approximately £38,000. Want a loft conversion? The cost of a basic one can begin at around £1,200 per square metre.
You can rest assured that our experienced and trained tradespeople are capable of handling a wide range of renovation projects for residential properties anywhere in London. We also offer fixed-fee quotations, making it even easier for our clients to budget for renovation projects.
It’s easy to get in touch with us to discuss your ideas for how you would like to develop a property with our expert assistance.
