In the current climate, anyone considering home renovations will likely have a budget at the fore of their focus. If planning a home renovation, it’s important to consider what options will cost the most and what you’re willing to pay.
Obviously, being expensive may not mean being out of the question, but it’s worth thinking things through carefully so you can consider what you’re willing to pay.
Replastering Walls and Ceilings
If you want to have all (or even most) of your walls and ceilings plastered to refurbish your home, you’re looking at spending over £10,000 and up to around £30,000 if you intend to have the existing plaster hacked off first.
Naturally, re-skimming is significantly cheaper, but only relatively speaking. Either way, you’re looking at spending £10,000 or more to have your home replastered.
House Extensions
Naturally, having your house extended will also cost several arms and several legs (which is one way to put it)! For example, the average kitchen extension costs around £15,000 to £25,000.
Other average house extension costs include:
- Loft conversion – £40,000 to £60,000
- Garage conversion – £8,000 to £20,000
- Basement extension – £100,000 to £160,000
Full Kitchen Renovation
While you may want to extend your kitchen, a kitchen renovation is an example of another popular but expensive home renovation. A new kitchen will likely cost you between £10,000 and £25,000.
Of course, a new kitchen renovation (as with house extensions) can add plenty of value to your home.
In the case of a kitchen renovation, you’re looking at having around 10% added to your property’s value, so if you see yourself selling your home down the line, it may prove worth the cost. That, of course, isn’t to mention the value of such a renovation. So, again, it’s about whether or not the high cost is worthwhile.
New House Roof
New roof costs tend to range from £2,000 to £20,000. Of course, the exact price will depend on the style of roof, materials used and how labour is priced. With regards to the cost of labour, where you live is a major cost factor, and, of course, this applies to all of the renovations discussed in this article.
How to Keep Your Costs Down
Whether you are considering one of the more expensive home renovation projects or a budget-friendly option, there are steps you can take to lower your expenses.
Carefully Choosing the Right Person/Company for the Job
Firstly, you shouldn’t go with the first person or company you find in your area. Instead, spend time getting quotes from three or more sources.
Of course, it’s not simply a matter of finding the lowest quote but considering who offers the best value for money. Factors to consider in getting a good bang for your buck include the contractor’s/company’s level of experience and any online reviews they have.
Budget-Friendly Elements
By approaching the project in the right way, you can keep the cost of materials down by opting for more budget-friendly elements of the renovation where suitable. It’s best to discuss this with the contractor/company you hire to ensure the materials are still appropriate and will offer a good quality renovation, even if at a lower cost.
Low-cost Home Renovations
If you’d rather opt for something cheaper, here are some relatively budget-friendly home renovations:
- New bathroom – £4,000 to £6,000
- Central heating installation – £1,000 to £3,000
- Double glazing – £4,000 to £7,200
- Painting walls and ceilings – £5,000 to £7,000
- French doors – £1,500 to £3,500
Again, allocate plenty of time before deciding what home renovations are right for your property. If you’re unsure, you could always consult with a professional designer or builder for advice.