Refurbishing a flat – costs estimate

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March 13, 2006 at 12:19 pm #6277

kando1

We’ve put in an offer for a flat just outside London in a run-down condition considering that it would only cost

us around 10-12k to get it upto standard. I’ve consulted with a few people now and they’re saying it’s more likely to be in

the range of 25-30k!!! which is completely out of our budget.

We’re first time buyers and a bit concered with that, if

someone has a better idea on what things cost, could you please help by posting a reply?

I’ll list down what we’ve

got to do:
it’s a two bed flat

1. the kitchen needs to be ripped out, completely re-done including the painting

the walls and laminating/tiling the floor.
2. bath and w/c need to be ripped out and a new one put in including

walls/floor
3. it’s single glazed at the moment and we’re planning to update it to double glazing (4 windows of 4×4 feet

and 2 double doors)
4. the place needs to carpeted/painted/cleaned
5. electricity points need to be changed and new

electric heating put in (5 storage heaters)
6. i’m planning to get A+ rating appliances for the kitchen.

it’s all

electric (no gas) and we’re planning to get it done by professionals (not too good at DIY), live in for a couple of years so

don’t want to spend too much money as we’re already paying above the avg market price and don’t want to loose money when we

sell in a couple of years..

If someone has done such projects can you please point out if we could achieve this in

(parts+labour) in our budget?

Would help us a lot to decide if we can buy it or need to let it go for an up-to-date

appartment.

Your thoughts and advice would be most appreciated.

March 14, 2006 at 10:58 am #6279

timfoley

Kando,

Welcome to our forum.
There are a number of factors that will affect the price not least of all quality

and as you are planning grade A appliances then I assume you are also planning a grade A kitchen, bathroom heating and double

glazing and workmanship.
Your proposed cost of 10-12k is, I suspect, even beyond someone in the trade who would receive

goods at a discounted cost whilst having to undertake the work himself.
To accurately cost each project will require

detailed measurements of each room before an estimate can be achieved and if you are using professionals then you can expect

to pay labour costs that reflect their quality.
Ideally, because of the number of trades involved here, you would be safer

in the hands of a Project Consultant to oversee and co-ordinate the work schedule but again this would add to the

cost.
Alternatively you can save costs by becoming Project Consultant yourself and your role would be to achieve best costs

from suppliers and trades as well as organising the schedule of works, overseeing the project whilst it is in progress,

obtaining all relevant certification to carry out the works such as electrical adaptations and most importantly, ensuring that

health and safety guidelines are adhered to.
This of course would mean relieving yourself of your own work duties in order

to attend site meetings and to make the many phone calls you will need to make.
As there is no indication of the sizes it

is difficult to come up with a figure but I feel that 10-12k is being a little too optimistic for the work and materials you

require.
My best advice would be that you draw up measurements of each room and obtain costs for each project from chosen

suppliers of proven quality and although this will take a lot of legwork and phone calls it will offer you a clearer

indication of the cost.

Good Luck and do keep us updated on your progress here.

Tim

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