How Much Does It Cost To Refurbish A House 2022 | UK Property | Ste Hamilton
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- เผยแพร่เมื่อ 21 ก.ย. 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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Now some of these costs are pretty accurate, but common £2500 for a bathroom 😂. Ive just redone my own £280 skip £1400 for the suit, tile backerboards/plasterboard and skim £550, electrics/extractor £160, towel rail £180, pipe work £110, tiles £760, new door/cabinet £180. Paint £40. Materials around £3800. Labour £0 as i did it myself. For £2500 mabye you could get 1 row of tiles the cheapest bathroom suit they have and a lick of paint 😂. But a full rip out and done right you looking at around £8-12k
Might be still out but Electrics, carpentry, painting. He quoted separately for those but you included them in your numbers
Now, that's what I call an EDUCATIONAL VIDEO. Nice one 👌
This is the kind of video that in my opinion is useful for people getting into the industry but also something other flippers can take note of if they are paying significantly more.
The video is misleading and dangerous to be telling people these unrealistic costs, flipping property is not easy, there are risks and there as always unforeseen costs, no contingency has been quoted for things like damp proofing, and believe me the costs quoted here are unrealistic for the most part even if they are the plus VAT figures, which has not been made clear at any point.
Hi Ahmed, unfortunately you spreading information like this is misleading and dangerous. These costs are correct, I do this for a living and these are current prices multiple contractors are charging me. You must be pretty gullible if you are paying triple the price for a central heating system, or you must live in London. Thanks, Ste
@@h3steven Hi Steve, no mention of a necessary contingency, no mention of whether figure at plus vat or inclusive? Advice to get multiple quotes initially enabling them to have a piece of mind that they are paying a fair market rate for the works required? Differences between covering the management off themselves and using multiple trades off set against using one some subcontractor whose has all treads available to them, there are pros and cons to each? Perhaps some transparency showing the details of invoices you are receiving for these works would also be helpful for some people, then they don’t have to just take your word for it and may well encourage more people to take this risk.
I also do this for a living!
Awesome response, I wonder who asked you to troll me 🤣, have a great evening!
@@ahmedelmagdoub1782 moneys to tight to mention on them prices
Most of these prices are way under what they would actually cost in 2022
Really 👀
Not for where I live - I think most of them are too high - but like I have said elsewhere, there are too many variables to categorically state that these are 'right' or 'accurate'
We’ve recently had Heating System, Flooring and Windows done. I would double the quoted figures for these.
If you’re a property developer and use the same people on a regular basis, these figure are spot on.
If you’re looking at just getting one item done at your own house I think you will find it’s like 20% for that single item.
£5000 will only be skimming walls
It would had been great to see that house get all the refurbishments done to it and see if the estimated costs came out on budget or not.
Not a bad video this. I’m on the 8th refurb rent/sell now in the midlands and can generally confirm the prices. Let’s remember that prices vary depending on the circumstances and what you ask for. If you don’t have the knowledge you’ll get ripped off. Negotiate, get your hands dirty, discuss with the contractors the job and understand why their price is what it is. People do things different ways and when you understand what’s essential and what isn’t, you can control the price.
Example. The one we’re just putting on the market had a grow in the loft where they’d ruined the wiring and bypassed the meter. It was a mess. First electrician in the door said rewire, told me there was plasticisation on the wiring and it all needed to be replaced. The sockets needed to have a different height as it wasn’t regulation and we needed wired fire alarms. His quote was 4k for a rewrite by the way, 3 bed semi for 10-way RCBO board which is reasonable although I could get it down a bit as that was the only rewire quote.
All of this is wrong and I know this. It was rewired in the last 25 years, he didn’t test any of the wiring so how does he know. Plasticisation is something that happens but it does not mean your wires are testing badly and need to be replaced now. It’s not like it’s VIR. Sockets only need to be at a certain height for a new installation. Wired smoke alarms are not mandatory, battery is ok and we’re selling the place anyway.
3 more electrician quotes later and no one suggested a rewire, we have the much more reasonable quote of £800 for a new CU, kitchen circuits, isolator for the boiler that’s now moved and sorting the mad loft wiring that had been chopped into. I renew all the sockets and switches myself.
Everyone’s strategy and house is a little different so your prices will be different. These are good approximate numbers.
Absolutely loved this video, I’m about to get the keys to renovate a property in the midlands and this will give me a rough idea on how much the renovation will cost would love to see more of this educational stuff. Thanks 🙏🏾
I never understood the point in ripping out the original fireplace, skirting, architrave, original doors. Once they are gone, just looks like a a generic new build.
Great video but to give people some context
My downstairs bathroom full Reno was £10,000 (4 quotes were more expensive)
Full rewire was £2,000.00 (cash)
Carpet - two stairs two landing and 3 bedrooms - £750
Rip out £1,000
Painting decorating whole house and two walls plastered £3,000
3 Bedroom Semi Detatched
[ ] Strip Out £1500-2000
[ ] Rewire £3500
[ ] Radiators £3500
[ ] Plastering £5000
[ ] Carpentry £2500
[ ] Bathroom £2500
[ ] Kitchen £3000-5000
[ ] Flooring £40per Square meter
[ ] Decorating £2000
[ ] Windows and Doors £5000-6000
[ ] Chimney removal £750
[ ] New Roof £5000
[ ] Landscaping £0- infiniti
[ ] Rendering £5000
750 for chimney removal seems too optimistic. Building notice cost is over 200 ( Wales ), building inspector cost is over 200, 8 yard skip 260 ( without permition ), RSJ to support remaining chimney - 150-200 + structural engineer + labour cost.
3500 for full central heating system ( including new pipes and boiler )if you want to burry pipes in the walls seems to low to. I have been quoted for new C H system with Baxi 30 kw combi boiler + 10 radiators + new cooper pipes for 4.800 ( with full invoice, Wales ) and it seems to be fair price these days.
Sorry for my english.
Pffff joker… the quality is poor of his houses… cheap crap poorly finished
You do NOT need to spend this much or even renovate this much on a property!!
Carpets , paint the walls , kitchen and bathroom fitted. Done
Considering current energy prices and the climate crisis, why don’t you provide pricing on floor, wall and roof insulation? These costs are very significant and I think it is literally crime if you don’t improve the insulation of the home while you do all this work. Nearly all properties need to upgrade their windows, walls, floors as nobody seems to have done any work on it. Who needs a fabulous new kitchen if you are freezing or paying >£300 a month to heat your home.
Fabric first should be a priority.
Would be great to see a video on pricing for that.
Love that idea, thank you 🙏🏼
Helpful video, but final costs are wrong as you missed off the bathroom costs in your final calculations.
£2k for strip out?? £0 - do it your self!!
Really useful vlog and making me think about the work I need to do on my own property. Given what we have paid tradespeople in the past some of those costs seem pretty low. Maybe its just Manchester prices are a bit higher but we struggle to get reliable tradespeople and decent prices.
I thought these were very low, Manchester also.
We can do that for you
I like how all these comments are about how cheap the costs are - this guy is using tradesmen who know he's a property developer, know he's not going to take any nonsense and will pay rock bottom but give them consistent work. Civilians like me come along and get absolutely mauled - I'd be lucky to get prices twice this amount, but it gives me a good basis to start the negotiations :)
Great Video, and it's mad to think the prices have overall increased a lot. We definitely should look at getting a few quotes, and indeed do the right diligence on the trades 👌👍
As someone who's looking at buying a 1930 "doer-upper" to live in while trying to keep/ restore period features these videos are really helpful as a guide even if individual properties vary. Great content!
Rip skirting & architraves off, pull down chimneys, replace doors, render outside 😂 yeh really helpful on how too ruin a period property
@@joshb9657 see that bit where it says "individual properties vary" that's my way of saying "but over my dead body am I getting rid of the original woodwork, the terazzo floor and the chimney". The roof needs doing though and all the plumbing so yes, it's a useful video.
True, I was just being sarcastic obviously, going to check out some more of his vids, seems like good content
I would say 42k is unrealistic. In my opinion with this much work, you should expect around 80K. A kitchen alone costs 10k and very minimal. An electrician professional rewire costs at least 6 to 8k. Boiler and Piping 7k. Bathrooms 6k each. And ...
Bang on the roofs are getting a lot more expensive now I'm finding about 7k to 10 k for full good job now depending on tiles and lead work there are plenty of sparks and plumers now so prices are very competitive now rest of prices on the nail great vidio
Interesting video Ste but it depends greatly where you are in the country. London, rewire is 3-5 x the cost. In the SW Midlands new CH is about £5-7500 and a rewire about £4-£5k. It also depends on whether it's a one off or a series of jobs, whether you've got your own team or need a Contractor. So the difference in the money can be significant.
That’s not true unfortunately
@@h3steven Well I wish it wasn't Ste, but the quotes I've had are what I've stated. So if you can put me in touch with your Tradespeople that would be Brilliant.
@@justjames1111 yeah, no.. 3.5k is ludicrously cheap
@@h3steven where do you get your prices from out of intrest, I’ve been a electrical contractor 30 odd years and done many house refurbs. The heating system and rewire prices are way too low.
I pay approximately 10 contractors a week, my prices are correct for the areas I said
Well explained mate perfect execution of todays prices 👏👏
These prices seem too cheap , I know you said that it’s a northern based refurb but still seems too cheap , just as an example I’m London based and a full re wire of a 3 bed semi would be in the region of 9k
Same house plumbing and heating 12k , this is based on top end materials we use and good tradesmen who earn on average £ 250-300 per day , if you reduced these figures by half that’s what I’d expect to pay in the north 👍
Great video, straight to the point. Bit pricier in my area but then again so is absolute everything else!
Very insightful video, thank you! Would these values include VAT? Or should we be looking to factor in an additional 20% on top.
So, add more for 2023. Seems reasonable. I'm in London so double that price.
Those numbers are nonsense, unless you're paying minimum wage for tradesmen.
Great video but I think rendering ruins these great period properties in many cases. Classic brickwork is the best in terms of long term maintenance!
YEP. See it everywhere now. Looks tacky and a great way to ruin the breathability of the structure.
Was going to say the same thing. What a shame to render over a characterful house like that for the sake of a trend of a trend which will last about five years.
I think it’s down to personal choice 🙏🏼
You forgot the skips, the actual kitchen, and so on, overall good video, im assuming this is to buy it and sell it…
Excellent video! I needed something like this as my second property will be a project
Great content, but some of these prices are too low, I’ve been in the trade 30 odd years and done few refurbs of my own in the East Midlands,I must agree the only way is strip every every think out and start again, it’s a better job and less hassle in the future regards maintenance if rented out.
As a builder myself some of the prices seem very low
🙏🏼
True. But absolute madness. Might, might, make sense in a rising market with low fixed rate borrowing costs but right now start living in your means. Unfortunately that'll mean cheap labour costs.
Thank youuuuuuu! I can't be more thankful for this video. Me and my partner are starting in the property and it's so hard to know what are the prices and the step by step process in general. Thank you again!
I’ve done two refurbs in the last three years and I’d say the prices in the video are bob-on. I think going for a good boiler with a long guarantee is important, especially for rental. The biggest variables are kitchens, bathrooms & tiling. I think saving in these areas is a false economy.
Fantastic video! It's refreshing for once to see a straight to the point educational video. I am very surprised you don't have more subscribers! Question though - would you say these prices are the same for 2023 (for the Midlands area)?
Amazing video, quick and to the point!
All existing plasterboards knocked off and then reboarded, skimmed in all house all this for just 5k? Can't do that in or around London. Too cheap.
we do! thanks loads mate x waiting for more!
Great vid Ste, I'm looking to carry out a rear single story extension and renovate/modernise my property. Your video gives a good indication to on what I should budget. Any idea what the square meter costs are for the rear extension? I'm getting varied quotes from £1600 - £2200 per square meter. Its a daunting process to decide which builder to go for. Thanks.
Hi Ste great video. You forgot to add bathroom on the end screenshot. Would like to see another video for extensions, structural damage / repair and lofts conversations
Another brilliant video. I would to know which are the best boilers to use in a HMO and temperature control dials etc.
Thank you I am renovating my home and have no idea where to begin 😊
You got this!
don't agree with rendering, cleaning up the brick work and applying new pointing will give the house more curb appeal.
To render a brick house is a crime in my opinion.
I can't think of one good reason to remove a chimney breast from a period property other than personal taste. People looking for character properties want those features, wastes money and stripping out character which is sad considering houses like this aren't being made now. Same with taking off pictures rails etc, waste of money that would be better spent on a quality kitchen and bathroom rather than budget versions that might look ok but won't last.
I've developed around 15 properties and would never strip out original features.
Very helpful - thank you Stee
You’re welcome
Fantastic video mate, looking at doing my first house up soon, given me a great idea of how much I'll need.
Best in the game! 👏🏾 👏🏾
You should live in the South West and find out the true costs down here.
i would love to know the materials cost too
Every saying it's cheap and some of it is, but it still makes you think how cheap you have to get the property and make it profitable if you want to flip
Not sure how you get the labour for that price
It's not so much it cost but the quality of materials ,Most of all if you get paid for the work that's done with the extras agreed to be paid at the end due to promises on completion.
Thank You... Need more video's like this.
All sounds good but rendering nice brickwork like that? Thats disrespectful to the house and the feel of the neighbourhood.
I grew up in a nice tree lined road of 1930's semi's with mostly original features of hedges/fences, brickwork, pebble dashed bays and red tiled roofs.
Over the years when i went home to visit I noticed how many houses were butchered with bad extentions, rendering and gaudy gardens.
That’s why it has to be done by professionals and not idiots 🙏🏼
Taste is individual you just do what the buyers want
Need to at least double those prices for London!
Brilliant guided current video 👍🏻
Wicked video as always.
Need to see a house/building to self contained flats refurb!!!!
Great video ste - goes along way this 👌👌👌
Those are some mental prices - a boiler alone is about £2-3k!
What boiler are you buying 🤣🤣🤣
Yea what boiler are you buying they are like 800-1000
Nice video. Does this include the labour costs like plumber, electrician, engineer etc?
Great nuggets! thanks Steve.
Great video really informative, not so sure about cost on Roof and Chimney breast, everything else spot on!
Excellent stuff and about right 🎉
Sir, could you kindly suggest some good suppliers please?
Thank You
Actually i would say these figures are bang on. I was ready to argue the point on your cost but i am gutted to say i cant. Now i will have to find someone else to argue with.
🤣🤣🤣🙏🏼
Lovely video, am starting a project and these prices are similar to the ones am getting.
excellent thorough vid thank you
i'm looking to do a refurb on a one bed flat down South remove chimney in there, new kitchen, new bathroom, radiators, skimming painting, wood work, new doors what would be average cost?
Double everything he's said lol 😂 😂 😂 I'm so glad I'm a builder
I just love this channel
I got my chimney removed from roof to ground whole lot only )£1000
You’re missing the cost of skips!!!
and tea, coffee and cakes !! 😁😁😁
I new it was cheap up north but didn't realise how cheap it was
Hi Steve , is that including materials and labourers ?
And that’s probably the most helpful video 🙏🙏🙏
Same question as Vasil really....
Yes guys this includes labour 🙏🏼
@@h3steven does it include the internal doors/skirts?
Wish i could have my bathroom done for £2.5k every quote i had several years ago was above £5k
Andrew: it all depends on the spec - posh sinks, posh showers etc ? I never fully tile the room, for example, and it usually costs me around £2,250 to £2,700.
Some of this is reasonable but the bathroom one is absolutely miles out. I've done about 10 refurbs in the last five years there's no way you can renovate a bathroom for £2.5k.
That’s not true, it’s not just me who has done this it’s a lot of people
you can im based in the midlands and i did my bathroom for around 2,5k, 1.5k was for the labour and materials was around 1k give or take, so yes you can
Yep 2.5k is bang on for a bathroom. I buy my stuff from Victorian plumbing online with a 10% trade discount then get the plumber to fit it.
My prices normally come back around 3k. Slightly better materials so I’d say it seems good
@@jonp6798 yea ball park
Don't see a breakdown like this anywhere else.
What a guy 👏🏼👏🏼👏🏼🤣
great video, thx, I think you forgot the holding costs...
amazing video proper property education! could you do one for the south of england eg london
makes a change to see a property video with no BS just facts
🙏🏼
This seems very excessive for the return you’ll get in rent. Lots of this struggle you can do yourself
Was the heating essential? And the replastering? And rendering?
Ok, if you in London, tripple it & add a bit on top.
This is a great video🙌🏽🙌🏽
does that plastering price include the ceilings? overboard and skimmed too?
What about loft with dormer and extensions etc
great video, any advise or video on chimney removal?
This is so useful
excellent, thank you
Hmmm that was a cheap rewire. Mine was £5k for 3 bedroomed property, no spotlights because of asbestos artex ceilings.
Most of these prices were far out in my experience. Only one I could relate to was the decorator. I assume the prices were based on the homeowner doing most of the renovations and not paying for labour? Boiler installation and some pipe work as the previous pipes didn't meet new standards alone costs £5k, didn't include new radiators. Bathroom, don't get me started on that one, your quote was way out. Property is based in the North of England.
You need some help next time you pay for stuff 🙏🏼
These prices are very unrealistic, i have just finished my refurb in my 4 bed house and i assure you in 2022 you will be spending much more than what the prices are quoted.
You finished one project? You’re not qualified
@@h3steven i am in the building trade myself i have done refurbs for other people in the past. With your prices it just doesn’t make sense if you include prices of materials and also labour. So you had your tradesmen working for £50 a day ahaha you cant fool us mate only way to prove me wrong us bring out the receipts.
Yep, I’m trying to fool you 🤣 again you’re not qualified
@@h3steven ahaha sorry i forgot your the expert 😂😂😂
Thank you 🙏🏼
Love this 👏🏽
I live in the Netherlands, and these prices are actually cheap. Are these only material costs or all in ?
why do you need to go back to brick with everything
To add the most value and make the most money 🙏🏼
Nice one Ste
Good Vid What about the guttering ???
Fascia and guttering on a 3 bed between £1000 and £1250
STE you are an absolute legend mate 👏
Great vid thanks
Fantastic useful video
Very useful video