What's the cost of refurbishing your home?

What’s the Cost of Refurbishing Your Home?

April 15, 2017 2:26 pm Published by

Considering a home refurbishment, but worried about the price? We’ve compiled some top tips to help you get the home you’ve always dreamed of, at a price you can afford.

Calculate your budget

Ever wondered what’s the cost of refurbishing your home? The easiest way to work out how much a complete refurbishment will cost is by basing your calculations on how many square metres your home covers. Most estate agents have plans that indicate how much space there is inside most homes, so for example, 115 square meters would cover a very decent-sized two-bedroom flat. You should aim to multiply this by around £100+ per square metre.

These calculations should cover your costs for rewiring and lighting, decoration, joinery, and wooden flooring (Vinyl flooring should work out cheaper), and any wall relocation or structural work, along with any professional fees that may be required. If you’re planning on a new kitchen, bathroom or heating improvements, you’ll also have to add this to the total cost.

Calculating add-ons

Perhaps you’re not planning on stripping out your entire home, but just want to make a few adjustments. In this case, you’ll really have to do your research on the various trade costs and individual products you’ll need.  So what’s the cost of refurbishing your home? For instance, a decent wooden floor may cost you anywhere from £30-£100+ per metre, or a bespoke wardrobe fitted by a professional could cost you up to £5,000. If you get a professional electrician to rewire your home, it could cost up to £2-4,000 plus an extra £2,000 for light fixtures and fittings. Obviously these are just examples they may cost you a lot less depending on your property and what is actually required.

Hidden costs

The actual cost of refurbishment can easily take some homeowners by surprise, especially when there are hidden costs involved with areas such as re-wiring or plumbing (in the case of a new bathroom). You may find it beneficial to do your refurbishment in phases, rather than all at once, to help spread out the cost – this is particularly beneficial if you’re still able to live in your house while doing the work (moving elsewhere for a week or two each time might work out quite a bit more expensive).

Hire an expert

If your refurbishment plans are extensive, it’s probably worthwhile considering the decision to hire a professional to ensure your final result is achieved expertly, on time, and within your set budget. An interior designer or architect will be able to listen to your needs and help you make plans, whilst taking some of the stress out of your refurbishment – plus, they have the experience needed to get the job done just right. Although being able to do it yourself would save you considerably.

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