Extension Funding..

Janeyxox

Hi All,

Me and Hubby have just brought a house which we would like to extend up and knock through the kitchen (which is an outside wall) which is obviously going to set us back a few quid! Im looking for what the best way to fund this would be..... would I be best to take out a secured loan over say 5 years or wait a few years to try and take some equity out the house? We have estimated the works to be around £20,000.

We are first time buyers so literally don't have a clue. Any help would be greatly appreciated.

Many Thanks

xx

tonyh66

your estimate is way to small for that amount of work, what is it based on?

Janeyxox

building over a one story extension 11’2 x 8’2 which I believe all the footings are already there for... Any ideas what its likely to cost then?

Thanks

Babbawah

Janeyxox wrote: »

building over a one story extension 11’2 x 8’2 which I believe all the footings are already there for... Any ideas what its likely to cost then?

Thanks

£11.389.29p

That's the POWAH of the internets for you . . . !

Janeyxox

Oh cool thanks! How accurate is it likely to be? lol x

Janeyxox

Sorry just re-read my original post! So the ground floor part of the extension is already there we just want the first floor bit added on plus a wall knocked through to make a bigger kitchen/diner downstairs which just so happens to be an outside wall so I guess will need some sort of structural support put in place....

Babbawah

Janeyxox wrote: »

Oh cool thanks! How accurate is it likely to be? lol x

'Bout as accurate as your measurements :-)

Janeyxox

Babbawah wrote: »

'Bout as accurate as your measurements :-)

:p:p

Im a woman so anyones guess!! lol x

tonyh66

the footings for the ground floor may not be big enough to support first floor, so may need redoing. you could also spend £20k on just the roof, depending on where you are in the country, the labour could be close to £10K.
New windows? new kitchen? relocate or add radiators? where will you live when you have no kitchen for weeks?
I can guarantee it will cost more than £20K.

1trainer1

At a conservative estimate we did something similar and it came in about £32,000 parts and labour.

But we live in the north west England which is supposed to be one of the cheaper areas in the country