How Much Does It Cost To Refurbish A House 2024 | UK Property | Ste Hamilton
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- čas přidán 1. 06. 2024
- Welcome back to another video, where I talk about the current cost to renovate a house in the areas I invest in. I run through the different prices for each thing that is needed to refurbish this house so the property flipping method can be used. Subscribe to my channel for more videos like this!
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Been in building trade 18 years and refurb my own flips In Leeds, very good video and accurate pricing needs to seen by deal sourcers and estate agents who think a refurb costs 10k
Could not agree any more! Well said. Nothing is 10k anymore. 50k plus for a house. I’ve done a few in my portfolio and infact prices keep going up. Lucky I have good men on board. Good luck to all and more than anything ENJOY. 😊
Deal sources and estate agents know it's not 10K; they are only trying it on, just in case you haven't done your homework. I just nod and smile.
Can you really get a new roof for 6k? I've renovated quite a few 3 beds and I can't seem to get it under 10.
@zachary3603 yep, you really can
@@h3steven okay mate. I’m going to have every roofer within 20 miles to come quote until one comes up at 6k now I know it’s possible. I’m south east.
full plaster 7K :))))) Good luck to get this quote for a room around London
Whatever he says. Double it. If someone else is doing all the work, triple.
How big, or small is that kitchen....it must be a reasonable size for an island. 5K, with appliances, and fitted!!!! I had 3 quotes for kitchen units, tops and appliances, including Howards, and they were all very close. My point being, Howards wasn't any cheaper, so how you can get 5k, fitted with appliances is astonishing. Is it not based on getting massive trade discount??
Cost in unit of thousand:
Strip out: 2 + 3.5
(Reconfiguration / remove walls & install walls)
(chimney breast removal: 0.75 each, need structural engineer)
full re-wire: 4.5
Central Heating / boiler and radiators: 4.5
Plastering: 5 / 7
carpentry / replacing skirting board & architrave & doors: 4.2
bathroom (supply&fit without tiling): 3.5
kitchen (hob&oven&fan&fridge supply&fit): 5
flooring (supply&fit): £40 per sqm
decorating / painting: 2.5
windows & external doors replacement: 8
roofing: 5
(rendering: £90 per sqm)
(landscaping)
I think you got fair quotes for the work. I have 4 bed flat. They quote me £17000 for the roof. That’s the cheapest I got.
To get a new water line coat me £6500
Unfortunately the prices in London and around are completely different. For a full strip out and refurb with new roof doors and windows, fully finished, full rewire, brand new central heating with new boiler etc, the cost cones at 85-92k okus VAT on 950 sqft property. But we included flooring and landscaping as well.
London is a different story. The price of the finished house for a property this size in London is comfortably in the 7 digits so you can justify a lot of expense.
Great video. Very well explained yet succinct. Thank you.
Really enjoyed this one and please let us see this property once it is complete!! 😎
Ste Hamilton always delivers 🙌
Valuable Information thank you for providing.
Thank you for a straightforward video
Many thanks Ste for wonderful videos . It gives people better understanding the scale, cost and sequence of the renovation works. Just have you got any material regarding timeline of the work, same as the breakdown you have for the cost as well?
Excellent video for constings very informative. I have a tiled floor in my kitchen without underfloor heating, it looks amazing but the floor is always freezing and as i dont wear socks or slippers i wouldn't have it again.
Thx for that I'm on the way to buy a property in Cardiff that is helpful . Take care.
Brilliant explanation, thanks ste
Cheers Ste for the information
Good video. Would you necessarily skim over plasterboard? Tape and fill seems common in new builds.
Eye-opening comments, I hadn’t considered trades charge homeowners more, it makes sense I guess, but a shame still. Anyway, useful info. Might not be redoing everything, I’ve even seen older houses with all old decor and in photos at least some look stunning and it’s not all just good lighting.
Great video, only query is the chimney breast removal this would need scaffolding to get the stack and would cost alot more than 750
Brill ty so much! A walk through of strip out to finish be amazing! And a video about furnishing and how it should be done 👍
I replaced a roof in Q3 of 2023 for 10k on a 1950s 3 bed detached. In Shropshire. Gutted!
Discovered channel, this has been most helpful to gain indicative prices. Not a developer - just wanting to progress with a single storey side extension on 3 bed semi.
85k-140k depending on the finish
@@hakimvlogs657985 to 120K for a single story extension your numbers are well off. the average 1 story extension is about 20/25m2 depending where you are it costs around £1,500 to £2,500 per m2 so that’s between £30,000 to £50,000 for a 20m2 or £37,500 to £62,500 for a 25m2. I could build a 600-700 sqft house for £125,000
you can double these costs in the south east
Hi, How much would you allow for new fascia’s and guttering??
Fantastic videos and great tips. Prices in southern Ireland a lot more expensive than UK unfortunately
Thank you, I’ve been told prices are a lot more over there
it's ridiculous absolute daylight robbery. My family got quoted 60k for an overhaul type of refurb then a few months later they got quoted close to 100k for the same refurb!
Good informative video
Thank you
Great video 👍🏼
Hope it comes in handy 🏠👍🏼
I would say 4.5k for a straight rewire, down lights through out house are time consuming and eat into labour time.
That surely not London prices.. assuming London is like 50% more ? Safe to assume that ?
Just found your channel, very useful! Thanks very much! :)
Take the hat off fella. Its nice to see a person not just a shadow of a face!!
do you have an expectation when you spend £50k what profit margin would you deem acceptable and worth while
Topp man good info , martin wolverhampton,
Is this just labour costs, or labour and materials? Thanks
Thanks Ste, could you please enlighten us about extension costs per sq m? There is so much anonymity about it online making it very hard to budget for it when buying a house
Ste, is there any way in particular you went about finding the best prices for kitchens and bathrooms? Your prices are very similar to some of the other experiences developers I have spoken to however the prices I find always seem to be so much more than the prices in your video.
Howdens offer good discount to tradies who do a lot of business. Find a fitter who has been trading with howdens for 10+ years and you'll probably find a 30-40% discount
5k to replace a roof??? when was that priced and is that tiling only? I replaced mine in London including scaffold, felt, battens, internal boarding, 2 rooflights, loft hatch and ladder and new tiles and it cost me close to 25k.
Very valuable information for those starting out doing BRRR or flips. 👏🏿👏🏿
where are you located for these prices?
A really good video. These prices are realistic for the professional refurber but of your new to this games its likely you'll spend a bit more.
Thank you but I disagree, members of my property circle have got these prices on numerous occasions and a lot of them are newbies 🙏🏼
You can double them prices if you live in Surrey
Brilliant video, would be great for more detailed one... Windows & doors £7,500. How many windows are included in that?
I think he said 7-8 windows for that property
Knows how to find sqm of a property on epc website but doesn’t insulate houses
How much of this could you do yourself if you've got very little experience?
These costs will be different depending on the part of the country where the property is located.
Could you specify in what part of the UK do these costs apply?
Brum
Why do you need plaster board on top of solid brick walls? Can a plasterer not plaster on top of brick? Doesn't plaster board make the walls even thicker than they need to be? I'm just curious.
Hi Ste do the prices include materials or just labour thanks 👍
Both materials and labour
Just doing my place. Using all my savings! Only have around 15,000 to spend! Be worth it in the end. New kitchen, bathroom, new radiators ( might need new boiler) can’t afford those floating radiators. Stripped tiles in bathroom which needs re plastering - walls are terrible! New doors and decorating and new floors. Hoping end result looks good. This guys prices are high! But it’s a bigger house than mine!
Could you recommend the company you used please?
Why would you do a strip out it surely adds no value of the walls look good? Im just learning avout refurb hence may appear a bit silly
Sometimes the walls in older homes are in a bad condition such as crumbling or having large cracks and/or previous damp issues. It can be easier and more cost effective down the line to strip back to brick. Also when selling a property buyers care a lot about walls "looking good" as ugly walls can be a sign of major underlying structural damage which will prevent the house from selling for max profit
And what about tilling? How much its cost for bathrooms and kitchen?
DIY - £10 per square meter
Professional - £110 per square meter
Do you reckon the prices in West Norfolk would be similar? I'm looking at a property there although i live in London.
Yes, they will be very similar
Great Value. Thanks Ste. H
I'd love to do property flipping but its the initial money just not easy to get. Wish I'd started before buying my own property
Are these costs calculated on doing some or all of the work yourself or getting tradespersons in to do it for you
All getting trades
Your rip out will be more like 6k. I just done a 5 bed bungalow it took 2 weeks back to brick. My wage 1600 for two weeks. My mates wage 1400 for two weeks. 3 labourers 100 a day is 3000 for two weeks. This doesn't include 14 skips
Never in a million years would I pay £6000 for a Stripout 🤣
@@h3steven thats good if you can get it cheaper but does that mean you have kids on site knocking lintels around, and leaving the place a wreck. Ours is ready for stud, not a scrap of plaster to be seen
Well done, keep up the good work
14 skips, wow, we’ll cover the planet in old house parts soon enough
I am just facing a roof leak. The roofer asked me for £2500 and it will be completed in a day he said scaffolding, not needed , pushback the lead around chimney and re-pointing , what would you recommend on this quote ? Lincolnshire based , I am leaving in semi-detached. I been asked for 9k chimney removal.
Chimney breast staying beacuse of partition wall agreement .
The roof will do on my own next year .
Best wishes.
Dont know if this helps but if he’s simply pushing back the lead and repointing the chimney then thats absurd. I got my chimney repointed about 2 weeks ago because of a leak in Birmingham i paid £150 (One Hundred & Fifty Pounds)
@abbaskayani8241 It helps a lot, Thank you.
My landlord would just come around with a tin of paint , do the job himself, and call it a day...
my brother in law does this for a living, he buys a house for around 450k cash and then refurbish it does a double bedroom in the loft sometimes with a bathroom, then knocks down the side and front kitchen and dinning wall, to extended it. between 2014-2020(ish) before the pandemic with man power it used to cost just around 100k now it's around 150k for all what I mentioned.
tradesmen want doctors salary, thier skills aren't as valuable to society, apprenticeships isn't the same as a doctorate, building a house isn't the same as saving a life, why then is the cost of labour so much
@@Dr.Stacker this is untrue to a certain point, tradesmen can have way better salaries than anyone that works a 9-5, even state sides they charge stupid prices. it's a shame that doctors don't get paid enough but if they wanted to get paid more they would become a tradesman.
@@Gates2Aion Hahahaha and you clearly see nothing wrong with the way things are then? Is there any reason you can justify a tradesman earning more than a doctor?
@@Dr.Stacker well ofcourse there's something wrong, I think saving a life should have you earning more, but it's a passion job that people do because doctors want to save lives. not a lot of people have the money to sort out the best doctors, there's a lot of doctors/GP's in the NHS that go private so they can earn more money.
it's just the way it is really, there's a lot of scamy "cowboy" builders, then you got honest builder that get away with charging an arm and a leg but do the job correctly, and then the cheap Chinese/Indian builders that are cheap but need lots of guidance.
@@Dr.Stackereveryone makes a choice and everyone knows the potential caps on salary they will be up against. Why then moan about it?
More or less accurate pricing
Good video 👌🏽👍🏽
Was this calculation based on a london based house? Or up North?
Midlands, Wales & up North 🙏
@@h3steven how much more would you say for a London property apples to apples?
looking to sell a number of my student pods. can you help?
Where abouts?
Hi i need you help
who are your builders?
Thats a good price for all that work, any contacts?
What area in the UK are we talking about?
The midlands and above 🏠
That’s the all important question. There’s no way you’d get those prices in London. Easily double or triple these figures
Sounds like your from Birmingham and like many have stated. Your prices are very cheap and not realistic in my opinion. Curious to see the standard of workmanship and quality of products you are using.
DIY ALL THE WAY
❤
In the south expect to pay £75k
So all the prices you just said islets double that in London 😂
4.5k for a full rewire 😂😂😂😂😂😂😂😂😂 come on now we do it all for £2k
New central heating 4.5k 😂😂 come on now again no more than 2k. Please don’t outsource these jobs get a full contractor to do the full house. You are paying prices a home owner would pay not what investor should pay.
You put 46k for that, mate that refurb no more than £36k at a push. Come on now.
You do your 36k refurb and re wire for 2k 🤣🤣🤣🤣🤣
@@h3steven yes we do, done over 45 and multiple ongoing
@@h3steven you should also look at saving on costs and not throwing money away. Would recommend in looking into making your own construction team rather than outsourcing all of the work bringing in Plummer, electrician and so forth. One builder should do all and a team of staff on day rates, that’s how you get the firm prices to what yous Gould be paying not just getting a few contractors in every new project. Utilise the projects you have and make your own construction team. Your welcome
@alimonfared possibly the most uneducated thing I’ve heard all week. Employ the trades people and build your own team. Seriously, you need to understand what you are saying . Join my university and watch your property journey flourish and your thought process change
@@h3steven why? I am 22 and done exactly that built my own team, maybe you need to learn from others as well when someone almost half your age is going better? You need to understand if you have work and can get houses continuously make your own team.
I absolutely love this 💗
Ma Brummie brother from another mother