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am I budgeting enough?
otleygas
Posts: 11 Forumite
Hi
I Would really appreciate some advice.
I'm thinking of putting an offer in on a house (10m south of Bristol) that is 300 yrs old, grade 2 listed. A survery report has come up with the following, for which I am budgetting:
roof - general repair, relaying, felting etc - £13k
Chimneys, repointing, flashings etc - £3k
damp proofing, dry rot, timber treatment for word worm - £6k
Replastering sagging ceilings - £2k
Electrics - part rewiring - £2k
replumbing - £3k
central heating - 6k
plus vat and a 10% leeway makes a budget of around £43k
The house is a 4 bed terrace cottage, 1 kitchen, 1 repection room, 2 bathrooms.
Does this seem a million miles off the mark
Your time is much appreciated!
Thanks
Otleygas
I Would really appreciate some advice.
I'm thinking of putting an offer in on a house (10m south of Bristol) that is 300 yrs old, grade 2 listed. A survery report has come up with the following, for which I am budgetting:
roof - general repair, relaying, felting etc - £13k
Chimneys, repointing, flashings etc - £3k
damp proofing, dry rot, timber treatment for word worm - £6k
Replastering sagging ceilings - £2k
Electrics - part rewiring - £2k
replumbing - £3k
central heating - 6k
plus vat and a 10% leeway makes a budget of around £43k
The house is a 4 bed terrace cottage, 1 kitchen, 1 repection room, 2 bathrooms.
Does this seem a million miles off the mark
Your time is much appreciated!
Thanks
Otleygas
0
Comments
-
I would recommend budgeting with facts.
Get builders round there to quote for all of the above so you have as acurate cost as possible. Then look at comparables on https://www.rightmove.co.uk to work out the value of a property similar to yours.
Just bear in mind that it will probably be months of mess in the house - may be easier puttin all that money into a deposit on a nice new penthouse (o:0 -
Replastering sagging ceilings? What does that mean? Surely if they're sagging...
You budgetting doesn't seem wildly off, but without seeing it, it's hard to say!Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery0
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