Rewire and GCH in one bed flat (Edinburgh)

Zoology_Dragon

We're looking to refurbish our rental property but some of the quotes we've had are astronomical.

It's a small (<40 sqm), one bed, ground floor flat. We were planning to rewire and put in GCH. The property does not currently have gas but the pipe is right outside in the communal hallway as all the neighbours have had gas installed. The property is currently empty with no furniture so access is straightforward.

The quote we've just received is £3250 for the rewire (includes consumer unit) and £5000 for the GCH installation (includes removal of cold water tank). Another quote we've had for the GCH is just £3k (about what we were expecting).

These quotes seems extremely high to us, much more than we are about to pay for our two bed house in York. We are waiting for more quotes but if they're all this high we're going to have to have a serious rethink about our plans.

Can anyone shed any light?

phill99

The most expensive cist if the GCH is bringing the gas in from the hallway. This will haveo be connected to a meter and only Transco (or whatever they are called now) can do this. You need to check that your quotes include rhis.

The only thing you can do is to get other quotes to see if the prices are comparable.

Zoology_Dragon

It does and we will definitely check out more quotes.

Zoology_Dragon

Turns out it doesn't actually include bringing the gas in so even higher than we thought!

brightontraveller

It’s a rental property you make money on you simply need to find out what’s tax deductible to an extent if its all deductible quotes they give are immaterial your not paying for them? Hunting around for low quotes is not the priority finding out what you can claim back is? Yes you have to find the money but you choose to become a landlord know that the property needs renovation so as a business you should have the funds or not be in it?

andyhop

Sounds perfectly reasonable to me. I'm based in Edinburgh as a bathroom fitter and know the prices

Can recommend 2 local firms,might work out a little cheaper

Techni-call electrics. Paul is a excellent spark and very quick /neat

Brian Falmer gas services

Search google for details or drop me a PM

phill99

brightontraveller wrote: »

It’s a rental property you make money on you simply need to find out what’s tax deductible to an extent if its all deductible quotes they give are immaterial your not paying for them? Hunting around for low quotes is not the priority finding out what you can claim back is? Yes you have to find the money but you choose to become a landlord know that the property needs renovation so as a business you should have the funds or not be in it?

You don't understand tax.

Firstly, capital works don't get income tax relief.

Secondly, the tax man doesn't pay for allowing f it. You only get tax relief at your basic income tax rate. So if you are a20% tax payer, you only get 20% relief on the amounts, not 100% as you imply.

brightontraveller

phill99 wrote: »

You don't understand tax.

Firstly, capital works don't get income tax relief.

Secondly, the tax man doesn't pay for allowing f it. You only get tax relief at your basic income tax rate. So if you are a20% tax payer, you only get 20% relief on the amounts, not 100% as you imply.

You don't understand the multitude of variations ... :rotfl:

There are ways to claim more than the basic rate, Ask your accountant and if they don’t know get a better one. Different tax breaks/allowances etc to cater for the multitude of ways property can be purchased, what you can claim based on when purchased, way its rented to whom and how , who can use it the list is endless,,,,
Not to mention type of lease duration term conditions etc...If they own the freehold is it purely/partly residential /part commercial, joint owners, type of loan etc etc

Poster doesn’t mention how its set up just that it is rental, Different set ups different ways find out first ? You believe that it’s only “capital works” that your prerogative others would certainly disagree.

You mentioned 100% I didnt? As you have they might also want to check out grants e.g. ECO Affordable Warmth Scheme etc may be [FONT=&quot] available or there eligible[FONT=&quot], [/FONT]I'd explore [FONT=&quot]all [/FONT]avenues prior to quotes then make judgement and quotes fit in with requirements based on that information ?[/FONT]

Ginkfish

brightontraveller wrote: »

It’s a rental property you make money on you simply need to find out what’s tax deductible to an extent if its all deductible quotes they give are immaterial your not paying for them? Hunting around for low quotes is not the priority finding out what you can claim back is? Yes you have to find the money but you choose to become a landlord know that the property needs renovation so as a business you should have the funds or not be in it?

This is utter nonsense.

brightontraveller

Ginkfish wrote: »

This is utter nonsense.

:rotfl:If you say so

brightontraveller

phill99 wrote: »

The most expensive cist if the GCH is bringing the gas in from the hallway. This will haveo be connected to a meter and only Transco (or whatever they are called now) can do this. You need to check that your quotes include rhis.

The only thing you can do is to get other quotes to see if the prices are comparable.

GSH engineers there to fit boiler and pipework to meter etc anything else is beyond there remit and always has been so would never be included in quote….??? Supply meter etc always been down to client,

Having just re-read there post I'd say depending on lease there most likely going to need freeholders permission to do so flue etc [FONT=&quot]I’d advise they check lease etc before getting quotes,,, [/FONT]


Poster should also check out new supply/installation rules, regs, cost very unlikely they'd take it from the existing supply all new should be on there own supplies....

And they;d classify this as a new supply/installation,,,,,,