Home Improvements: What Are the Costs?
Whether you’re doing up your existing home or whether you’re considering buying a property to fix up, you’ll need to know what the potential costs might be. After all, you’ll need to set yourself a budget to make sure you don’t overspend.
You should also remember that you should put an extra 10% to one side to cover the cost of any unexpected expenses. Here, we take a look at some of the most popular home improvements and how much they’re likely to set you back.
Getting a Home Extension
There are several factors that come into play when considering the potential cost of a home extension. For example, its size, the amount of structural work involved and the location in the country are all important elements to consider. Roughly, though, an extension measuring 4x6m will cost around £26,000 - £34,000.
Loft Conversions
Loft conversion costs begin at about £20,000 but if a lot of work needs to be done, it can cost considerably more. For example, adding a bedroom with dormer windows and an ensuite could cost as much as £45,000.
New Bathroom or Kitchen
On average, a new bathroom will cost about £6,000 although if a lot of new plumbing will be required, it could be more. A new kitchen will be even more expensive, costing around £10,000 - £20,000, with some kitchen renovation projects costing as much as £50,000 but they can also add thousands to your home’s value.
Garage Conversion
Typically, a garage conversion will cost about £6,000 making it a cost-effective solution if you need to add more value to your home while increasing your living space.
Replacing Doors and Windows
If you’re keen to install some double glazing in your home, you can expect the cost to be about £400-£600 for a typical uPVC window. If you’re keen to opt for a metal or real wood window, the cost will be higher.
Installing Central Heating
If your home doesn’t have any central heating, it will cost about £4,000 to have it installed in a typical 3 bedroomed house. If your home already has central heating, however, it requires a brand-new boiler, it will be much more affordable. Replacing your combi boiler will cost about £2,700.
A Roof Replacement
Should your home need a roof replacement, you’ll need to pay somewhere between £4,500 and £12,000 depending on how large your property is and how much work will be required. The cost will also be determined by whether or not the rafters require replacement and which kind of tiles you’d like.
Once you’ve weighed up the costs of the home improvements that you’re interested in, you can decide whether or not the project is worth it. This is especially the case if you’re considering doing up your home before selling it – in many cases, the amount that you’ll recoup on the sale will be less than the amount that you’ve spent on getting the work done!
If the thought of undertaking your home improvements is just too much and you are considering a house move instead, take a look at our conveyancing solicitors and get a quote in under a minute here.