Skill Builder Guides & reviews for building and construction
Newsletter ▶ https://skill-builder.uk/signup ◀
Kamran wants to know if this £400,000 house is good value.
Here is the property in question:
https://www.rightmove.co.uk/properties/141434459
_________________________________
Here’s our message from Kamran:
I am one of your subscribers. First, thanks for such interesting videos. I am learning massively.
My Situation:
I am FTB. I have no previous experience, but I have seen so many YouTube videos that I can now describe most of the processes in homebuilding. My wife and I are both engineers. We live in the Reading area.
Our Plan:
We will renovate the house in two phases. 1st phase is the renovation of the current house minus the kitchen. 2nd phase is a new rear extension with a new kitchen diner.
In the phase 1, we plan to:
• Start with electrics, have the electrical wiring replaced and bury inside walls
• Replace the central heating system of the whole house
• Modernize the upstairs bathroom and WC
• Repair the roof for fallen hip/bricks and replace facia, soffit and guttering (you will see traces of water leak because of fascia/soffit in a bedroom)
• Replace all doors and windows except kitchen and dinner (why: because we will tackle them in phase 2 – new extension)
• Tidying old kitchen to use it temporarily as we will have 1 year wait between this and 2nd phase and need to use this old kitchen till then
• Do carpets and flooring where needed.
We will do the garden, patio, and driveway ourselves, so we are not considering them above.
In phase 2, we will have a rear extension that will join the old kitchen space, too. But please ignore it for now. The plans and figures here are just for Phase 1 of execution.
Seeking support from you:
1. Do you see any red flags in the images I didn’t cover in my above plan?
2. Our estimate for phase 1 renovation is 60K (best case) -100K (worst case). The midpoint guidance is 80K. Do you see any issues with our estimates?
3. I value your advice and am happy to gain any (paid-for or complimentary) service you provide.
Overall, I am very concerned about whether I missed anything important (the surveys will happen, but I’m not sure if there is anything obvious that my inexperienced eyes haven’t spotted) and whether my cost estimate is real.
