Any ideas on how much to budget ?

Any ideas on how much to budget ?

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Chipper

Original Poster:

1,358 posts

223 months

Sunday 31st May 2009
quotequote all
I wonder if someone can give me a rough idea of what i would need to budget on a large extension for a property i'm interested in buying.
The extension size would be roughly 18'x 26" which i will be wanting to attach to the existing kitchen.

Another idea would be is building up on the extension and creating a large master bedroom but this is all down to how much it would cost.

In my mind i was thinking i'd need to budget around £60/£70k doing the groud floor and upper. Am i a million miles out ?

Would appreciate anyone with advice on what i need to budget.

thx



Edited by Chipper on Sunday 31st May 09:28

Daisy Duke

1,510 posts

207 months

Sunday 31st May 2009
quotequote all
Well this is a bit of a 'how long is a piece of string?' question, but your budget should be sufficient for what you want to do. I tend to budget around £100 per square foot, making yours £46800 (I presume you meant 26 foot not inches wink). Obviously this can vary greatly depending on location, access, type of groundwork needed and finish required. If you're serious about the property, it might be an idea to take along a builder to your next viewing. A good one should point out if they're any particular issues that you'll need to take into account. I'm not sure if you want to make any other improvements ie replacing the kitchen, but don't underestimate how much it can all add up (although builders may be open to negotiating on their prices at the moment).

Chipper

Original Poster:

1,358 posts

223 months

Sunday 31st May 2009
quotequote all
Daisy Duke said:
Well this is a bit of a 'how long is a piece of string?' question, but your budget should be sufficient for what you want to do. I tend to budget around £100 per square foot, making yours £46800 (I presume you meant 26 foot not inches wink). Obviously this can vary greatly depending on location, access, type of groundwork needed and finish required. If you're serious about the property, it might be an idea to take along a builder to your next viewing. A good one should point out if they're any particular issues that you'll need to take into account. I'm not sure if you want to make any other improvements ie replacing the kitchen, but don't underestimate how much it can all add up (although builders may be open to negotiating on their prices at the moment).
Thx Daisy Duke for your reply.

Would i be basically doubling the cost by building up and creating the master bedroom ? The way i'm looking at it that if i'm building the first floor at £46000 then building up shouldn't cost as much again ?


Daisy Duke

1,510 posts

207 months

Sunday 31st May 2009
quotequote all
Chipper said:
Thx Daisy Duke for your reply.

Would i be basically doubling the cost by building up and creating the master bedroom ? The way i'm looking at it that if i'm building the first floor at £46000 then building up shouldn't cost as much again ?
That would be the basic build cost for a double height extension. Obviously you'd have to add on the finishing costs (plastering, flooring, plumbing and electrics, decoration etc.) which could be as much again, although I'd hope not if it's just a bedroom you're adding. So assuming finishing costs are 50% of build cost, this would give a total of £69k. However with adding a first floor extension you may be changing the layout significantly to allow access to it, maybe even moving a staircase in the process, this alone can account for a fair chunk of the extra budget.

ETA I suppose the first consideration is the likelihood of getting planning permission. Obviously I don't know what type of property (or it's current size) that you're looking at, so I can't comment on this. Have you spoken to the local planning officer? If there are similar properties nearby, have they been extended? If they have, it might be an idea to have a chat with the owners to get builder recommendations and (if you're cheeky wink) find out how much they spent. It'll also be a chance to see if they'll object to your plans.

Edited by Daisy Duke on Sunday 31st May 12:40

Slagathore

5,927 posts

198 months

Sunday 31st May 2009
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Most builders won't be able to quote accurately until they have seen some sort of drawing.

I'd say around £60-70k would be a rough estimate for a decent building firm to take it on.