ADD VALUE TO YOUR LIFESTYLE
Tips for renovators
Consider the idea of reveal the hidden feature of your home, like exposing the brick wall.
Make enough allowance in your programme for each step, and don`t forget the leading time of fixture and fittings.
There are commercial furniture and then there is a world of manufacturer that can make REALLY everything, even the most complex furniture you ever dreamt.
Fix a budget and then use the "percentage system" to understand the individual room`s budget.
Check if you need planning consent and/or building control visits.
Although it might not be your priority to upgrade the building itself, consider the benefits.
4 Steps To Restoring An Old House - A Financial Guide To Restoration
The restoration of a house can be a gratifying pursuit, as you will get to put your style and personality into your future home. However, budgeting accordingly and knowing what to expect can dictate the success of your project, so here are four steps to consider for your project
Step 1: Plan a well-defined budget
Approximately 40% of projects run over the budget. Hence, having a pre-established budget is paramount for structuring your project and materialising your vision. Also, do not forget to consider an additional 10% of the total sum for unforeseen events and contingency plan.
Step 2: Assessment of the property
In essence, the total cost of restoration depends on the type of house and its unique circumstances. Any restoration process begins with an assessment of the state of the property. Ideally, you can do this with the help of an expert through a complete structural survey that varies from £500 to £1,500.
Step 3: Structural work
When a property sits on an unstable foundation due to subsidence or heave, your budget might be affected dramatically. Usually, structural and building work incur the most significant expenses, as underpinning beyond 2m with steel piles might vary between £10,000-£200,000. If your structural survey indicates that your house needs a new roof, you should expect to pay between £4,500-£12,000. Also, if you plan to have a more spacious home and add some rooms, an average 4m x 6m extension would cost approximately £26,000 to £34,000.
Step 4: Interior Design
Interior Design might be the most flexible aspect of your budget. How you style your home depends on your preferences. If you decide to hire a professional expect this process to become smooth and easy.
All in all, house restoration is a cost-effective option. When planned correctly, it can be more advantageous than buying a house to move into immediately.