Home Refurbishment in County Down

In the event whereby you’ve got big refurbishment ideas for your house but a small budget, then you know it’s time to be a bit more creative and apply some cheap and simple tricks. The best possible way to go about this is to invest time in acquiring new skills rather than trying to save up more money to pay a pro to deliver the results you want. After all, the most significant cost when it comes to house refurbishments is usually the labour cost.

The key to making cheap tricks a lot effective in the refurbishment process is by undertaking small tasks that’ll make a huge impact. A great way to start would be by taking it one task at a time rather than rushing to complete all at once. This way, you’ll have enough time to perfect your skills before moving on to the next.

✓ Paint the interior walls. Although this is a simple task but it’ll save you a lot of money if done as a DIY project. To get started, you’d have to text colour options by painting samplex on the wall first. Once done, you can go for the one that adds warmth, dynamism as well as energy to the room.

✓ Fix up your furniture. This involves re-upholstering and refinishing any piece of furniture that appears tired or overly worn (you can leave out the ones that you do not really like or unnecessary items).

✓ Spruce up small but important items used on a daily basis. This includes spray-painting inexpensive picture frames, recovering lampshades with a vibrant paper or patterned fabric, adding throw pillows to armchairs and couches and the likes.

✓ Fix all small things that are broken. This includes activities like patching the nail holes in the wall, repairing the latch on the kitchen cabinet, fixing the gutter, putting a new handle on the door and lots more.

It can be very hurtful when you’re looking to get a house and then identifies one that’s almost perfect, but that one thing that’s lacking is significant enough to prevent you from making an offer. For instance, you may like neighbourhood, the lot’s size, the number of bedroom and lots more. However, the only thing that’s holding you from making an offer is the outdated kitchen. This is the point where you wonder whether a mortgage can include the cost of renovation. In this article, we’re going to give you a good insight into this and more. Let’s have a look!

One of the major things your lender will put into consideration when you apply for a mortgage is the price of the property in question. For instance, so you’ve found your “almost perfect home for let’s say £400,000 and the cost of your intended renovation work runs up to about £150,000. In this event, you’re definitely going to find lenders who wouldn’t be too keen to let go of their cash. And that’s mainly due to the fact that lenders are only able to afford you, at best, 95 percent of the purchasing price. In other words, if you really want the house, you’ll have to finance it yourself no matter how much potential you think the house possesses.

This, however, does not mean that you can’t find some mortgage lenders who’ll allow for building costs. They exist, but this will mostly take place when the work is complete and the property is revalued. You may also be lucky enough to get a purchase plus improvements mortgage which allows you to renovate now and pay off the renovations over time at a better interest rate than other loan types.

Refurbishing a house brings about a plethora of benefits. These includes an increased sale value, an improvement on your quality of life or even simply to make it more visually appealing. All these are great when you look at them, but one thing that happens to be an hindrance for several homeowners is the cost of getting the project done. You may wish to set a budget, plan and prepare before commencement of the project, but the fact remains that, when it comes to refurbishing a house, nothing is certain. In fact, it’s advised to always expect the unexpected and have a lot of cash in reserve just in case something goes wrong. There are a wide range of factors that can play a key role in the overall cost of a house refurbishment. Minor refurbishment that should cost around £30,000 can easily go up to over a whooping £150,000 for a total transformation. Most of this cost will be expended on labour, and the next most significant expense, which is sourcing materials.

In general, the cost of your refurbishment project will depend on some factors which includes the size of the project, the materials used, the refurbishment or renovation level, the location of the property, the quality of the contractor hired and lots more. To estimate the cost of refurbishing your property, you can follow these simple steps:

✓ Write down a detailed list of all the things that needs to be done per room and try to be as specific as possible.

✓ Carry out a research of the labour cost in your area as well as the raw materials’ cost (here, you can make use of guides such as home advisor).

✓ Add an extra 10 to 15 percent on top of the calculated estimate for uprisings and repairs.

✓ Talk to your contractor to get a more accurate quote.

When it comes to house renovation costs, nothing is certain. As a rule of thumb, you should always expect the unexpected. Unforeseen circumstances (mostly unfavourable) can crop up from anywhere, at any time, greatly affecting the cost of the project. However, if you’ve completed proper planning and done your due diligence on your property before commencement, there’s absolutely no reason why you can’t put the works on budget.

The cost of a house renovation project depends on a lot of variables. These variables include the type of property you’re undertaking as well as the amount and complexity of the entire project. What’s more? Whether you decide to do some of the work yourself or wish to hire quality tradespeople to cover the entire project will also tell on the cost of the home renovation.

In the event whereby you wish to completely gut your property and begin from square one, here are some of the cost you’re most likely going to incur:

✓ Planning applications and building controls

✓ Architect’s design and specifications

✓ Contractors and build costs

✓ Snags as well as unforeseen problems

What will be the biggest cost, which will be determined by the amount of work you need done, is most likely going to be the structural and building work, which can reach up to tens of thousands of pounds.

Asides from material and labour, the administrative costs is another important cost you’ll need to factor in. The first thing here is usually insurance, this is because all regular building insurance policies does not cover large scale renovation projects. So if what you’re planning is a huge structural change to your property, then it’s more likely that it won’t be covered by your buildings insurance policy. In this event, you’ll have to take out a specialist renovation insurance.