How much does a renovation project cost?

Embarking on any renovation project poses many questions. How long will the project take, which builder should be chosen for the project, what are the project goals? A question that first springs to the mind of most novice renovators is - how much will a renovation project cost?

The cost of a renovation has a number of variables, making it is nearly impossible to gauge what the exact cost will be from project to project and from renovator to renovator. Ultimately, the cost will depend on the renovator and their requirements. With that, let’s take a look into the cost of a completed renovation of a 2 bedroom house in London’s zone 5 as a guide:

The original kitchen cost £16,000 to renovate.

The kitchen had an existing extension which had been modernised throughout. The boiler had been completely changed along with fresh floor tiling. Materials came in at £11,750 and The labour costs at an additional £4,250.

The bathroom of the house cost £7,720.

A relatively expensive bathroom renovation for a fairly modest bathroom size. The bathroom labour encompassed the majority of the renovation cost at £6,000. The bathroom suite and materials at £1,720.

The rest of the house cost £7,200.

The rest of the house included the hallways, the stairs, the front room and 2 double bedrooms. A relatively even split between the labour and materials cost for this section. The labour cost £4,000 and the materials came in at the remaining £3,200.

Taking this example renovation as a guide, a renovation project for a 2 bed house could cost over £30,000. A project with different requirements could cost upwards or downwards. 

The budget of any renovation project will depend on the preferences of the renovator. It is important to be mindful and tailor the project budget to that. With that being said, it does not mean you have to cut corners to achieve a successful renovation. Instead, consider reducing the scope or priority of features. Many renovation projects have been achieved for less.

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