Refurbishing 2 bedroom flat. Advice on costs.

veryverynervous

Thanks Tweedpie.

If you paid 15k with your Dad doing a lot and pulling favours etc then it seems inconceivable that I could do it all for less than 20k.

Anyone else?

shehasredhair

I have just bought a place and speaking with my partner who does decorating-we decided to go for something that already had: heating/kitchen/bathroom -just because we did not have available funds for the major aspects. However decoration/painting can be done yourself. I think that if you have the available £15,000 you should definitely go for it. Flats in London -decorated will always sell and you will make you money back, don't forget things don't have to be done immediately. If you need some advice PM me-I am also living in london

telsokari

Hi there,

I recently did the same. I bought my london flat in November which needed a full redo.

I did the following:
Full redo of central heating and plumbing. Replacing existing dated system boiler and 2 water tanks with a Vaillant boiler. Also, replaced all radiators in the flat. - £2700
Full rewiring of the electrics in the whole flat. 9 spotlights in living room - £2000
ripping out the old disgusting kitchen and replacing with a brand new kitchen. tiling floor and walls - £2000
Brand new bathroom + tiling - actually in the process of getting this done as needed to save up a little - £2600
Laminate flooring in living room - £150
brand new carpets for bedrooms and hallway - £440
re-plastering of ceilings and painting walls and ceilings - £600

This all cost me about £13000. that all includes materials and labour

hope that helps

veryverynervous wrote: »

Hi,

I am in the process of buying a 2 bedroom flat in London. It needs extensive modernisation / redecoration. Pretty much everything needs doing I would think.

Originally, I was estimating that this would cost somewhere in the region of £10-15k. But having had a couple of quotes which are more than I expected, I am VERY concerned that the cost of the whole things is going to snowball beyond my expectations. I'm now thinking that maybe I shouldn't buy the flat, because maybe I'll be spending money that I won't get back.

The flat needs:

New central heating: including new combi boiler, new rads, new pipework etc: I've been quoted £4,500. More if I want to chase some of the pipes into the floor - which I feel would be a good idea in at least a couple of cases.

New 3 piece bathroom plus tiling. Have been quoted £2500

So that's already £7k.

Then there's

-New fitted kitchen.

-Electrics that need to be brought up to date.

-Every room needs decorating. including new light fittings I would think.
There's also a serving hatch, and a further internal window that I want to brick up.

-I Probably need all the ceilings skimmed. I've been warned by the survey that there could be Asbestos in the artex. I don't know how that affects things costwise.

I don't know how much these things would cost. As I've underestimated the above I'm worried that I'm wildly inaccurate here as well.

Any price info people could give me would be incredibly helpful. I'm absolutely crapping myself.

I'm worried about spending money that I won't get back. The purchase price of the flat was £245k. I worry that if I spend 20k, I'll lose most of it because, I really don't know how many flats sell between £250k and £270 because of the stamp duty threshold.

I guess I'm asking a lot of different questions here, but I'm all on my own and I don't really have anything to go on.

Any help you could give me would be so helpful. I really would be so grateful. I'm losing my mind with it all, and I just desperately want to be able to make an educated decision about it all.

Please help.