We had a long discussion the other night over a couple of bottles of wine about how much this house will cost to do up and could we do it and where would we get the money and so on. Instead of trying to agree on costs we thought we would both write down on a separate piece of paper the work we thought was required and how much each job would cost. Here is what we came up with. Where the figures were different (which was most of the time) the highest is listed.
| Item | Our Guess |
| New Kitchen | £1500.00 |
| New Downstairs Bathroom | £1000.00 |
| Plumbing and Heating | £4000.00 |
| New upstairs shower room | £2000.00 |
| Re-Wiring and Electrical Work | £3000.00 |
| Clearing House | £1000.00 |
| Clearing Garden | £1000.00 |
| Flooring including carpets and tiling | £2500.00 |
| Replacement Doors and Windows | £3500.00 |
| Plastering and making good | £2000.00 |
| Re-Decoration | £2500.00 |
| Contingency | £3000.00 |
| Total | £27,000.00 |
This list doesn’t include the cost of borrowing or the estimates for legal fees. We know what these are and are based on the purchase price what with the associated stamp duty but I won’t tempt fate by telling everyone how much the house will cost before exchange.
It would be all too easy to change these figures but I want to record them here so I am forced to be honest with myself on what we estimated it would all cost before we start to find out the truth.
The survey may tell us about things we have overlooked but let’s hope not.
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