Renovate, Don’t Relocate!

By September 18, 2014Knowledge & Tips, News

If you’re deciding between moving house and renovating your existing home, the financial facts are stark – the transaction costs, on top of the purchase price, are huge:

Stamp duty on a £1m property is £40,000;

Stamp duty on a £2m home is £140,000

You can do a lot of renovating for that…

BUT the prospect of renovating can be extremely daunting:

  • Where do you start?
  • Which experts do you need?  (Architects, structural engineers, damp specialists…)
  • Do you need permissions?  (Planning permission, Listed Building Consent, freeholder approval)
  • How do you decide layout/ design for new or reconfigured spaces?
  • How do you choose fittings?
  • When you start looking into the detail, things can seem even more intimidating – you’ve chosen the bath – now the taps, the tiles, the grout colour, the towel rail…
  • Where to find quality, reliable but sensibly priced builders?
  • How to find the time to organise everything?
  • How long will it take and how disruptive will it be?

Organising renovations from start to finish is what we do – we’ll be delighted to discuss your potential renovation.

In the meantime, some tips to help:

  • Organisation and pre-planning is key – to price, timing and smooth running of your renovation.
  • Work out your budget, with a 10% contingency (15% if you live in an old house as you don’t know what you might find)
  • Keep a file (physical, on your laptop, or on Pinterest) of images that inspire you
  • Be realistic about timescales – most projects will involve several steps, undertaken by separate trade specialists, who have to work sequentially.
  • Set up a timeline and monitor constantly
  • Ensure extra jobs are priced and agreed in advance

And let us know if you need help info@absoluteprojectmanagement.com

Some useful links:

Pop an email to- info@absoluteprojectmanagement.com

Cat Hoad

Author Cat Hoad

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