From updating your kitchen to adding more space to your living room, more and more of us are delving into the world of home improvements. For many, renovating your home is a more cost-effective solution than moving. And, when done right, they help you to get more enjoyment out of your home as well as adding more storage and a more functional space around you. Before you embark on any large-scale job, it’s important to budget effectively. It’s easy to get swept away into the world of Pinterest or design inspiration without having an understanding of how much it will cost. Our team here at Castle Home Improvements have pulled together this guide to give you a rough estimate, so you can begin planning the changes to your home today.

Things to Consider When Budgeting

If this is the first time you’ve embarked on a home improvement project, it pays to start the planning early. You need to do your research and understand what the most cost-effective way of getting your end result is. For example, you may be looking for more space. Does it make sense to extend into the loft? Or, would you get the same additional space if you had your kitchen and dining room merged into an open-plan space? If you’re looking to update your kitchen, do you need to drastically change the structure of your existing room? Or, could you simply work with a kitchen designer to produce cabinets and islands that make better use of the current dimensions? If you need to add a home office, could you make use of a previously unused bedroom? Or, do you need to think about converting a corner of your garage into a space that is closed off from the main house during the day?

When you’re budgeting, take into account things like:

  • The Extent of Building Works – If your project is going to take a longer period of time, how will this disrupt your normal working life? If you work from home, will this have an impact on productivity? Equally, if you have small children, do you need to consider other sleeping arrangements for them or look at moving the family into a hotel for a few nights to help speed up the construction works.
  • Contingency Plans – Builders and architects will always aim to give you the most accurate quote for the project. But keep in mind that unexpected complications may occur. In these instances, it pays to have a contingency plan with money set aside as a backup. Planning your work under budget is a good way to ensure this.
  • Shop Around – It pays to speak to 2-3 building companies or architects to obtain a quote. Shopping around allows you to find the best price within your budget. A good and experienced company will work with you, providing guidance and advice to ensure you can achieve your goals in the price bracket given to them.

Now, let’s take a look at some of the most common home improvements.

Kitchen Renovation

Did you know that a new kitchen can add up to 6% to the value of your home? This could manifest as up to £13,000 on an average-priced property here in the UK. So, if you’re concerned about the size of your kitchen and the number of guests you expect to have around this year for dinner, it may be time to consider a kitchen renovation. There are multiple ways to do this. You could look at knocking down walls inside the home to create an open-plan kitchen/diner space. You could look at having a conservatory built which extends your existing space. You could investigate the costs behind having a new single-floor ground-floor extension to accommodate more cupboard space.

Kitchen Extension

If it’s an extension you’re looking at, you’ll need to consider aspects like:

  • Architect designs or building designs.
  • Foundation works – preparation of the grounds, digging down, steels etc (this will include any excavations of trees or unused pipeworks, as an example).
  • Materials – everything from bricks and cement through to sand.
  • Appliances and furniture.
  • Labour – for each contractor and for the length of time they’re on your job.
  • Contingency – additional fees required for unexpected complications.

How Much to Budget?

On average, a ground floor extension will cost anywhere between £1200 and £1700 per square meter. On top of this, you’ll need to add the other works including installing taps, appliances and fitting cabinetry. The price will also vary depending on your location, with London-based designs averaging around £30,000 + VAT.

Kitchen Open-Plan Expansion

In contrast, it’s normally much cheaper to consider expanding the inside layout of your home to accommodate a new kitchen. If you’re able to, knocking down internal walls and creating a single room can cost under £5,000. There is also research to show that adding an open-plan kitchen to your home has the potential to add upwards of £50k to your property price.

Kitchen Conservatory

Another option would be to have a conservatory built and your new kitchen extended into this space. Again, this is a cost-effective solution with achievable projects meaning you can create a conservatory for around £10 – £15,000.

Bathroom Renovation

Another room that we find ourselves pining after renovating is the bathroom. Less for the guests and more for the members of your household, installing new appliances or redecorating can do wonders to these spaces in no time at all. Again, there is a wide scope of possibility when it comes to bathroom design. You could simply change out the accessories or have a whole new toilet/shower plumbed in. You’ll need to take into account:

  • Plumbing costs.
  • Waste removal costs.
  • Materials costs.
  • Fixtures or bathroom suite.

However, if you decide to invest in a sleek, new bathroom, you could see as much as a 4% increase in the value of your home.

How Much to Budget

On average, a new bathroom will cost anywhere between £2000 and £6000, depending on how extensive your project is. If you’re having a whole new layout designed and plumbed in, you’re looking at the top end of this scale. However, if it’s just a lick of paint and some new accessories, the number can be much lower.

New Windows

The windows in our homes play a vital role in helping to maintain a comfortable environment. They can reduce excessive noise, provide a viewing point over your garden and add value to the curb appeal of your home. If you’re looking to reduce household bills and invest wisely for your next home improvement, consider having new windows fitted.

How Much to Budget?

The amount you need to account for when choosing new windows will depend largely on the style of window you go for. You could be looking at anywhere between £500 and £3500 per window. This price will be dictated by:

  • Style.
  • Size.
  • Material.
  • Glazing options.
  • Labour requirements.
  • Planning permissions.

For UPVC windows, you’re looking at an average of £3000 – £5000 to replace all windows in a 3-bedroom house.

All of the prices listed below are estimates. We recommend working with an experienced building company when embarking on any home improvements, and the Castle Home Improvements team are here to help. Get in contact today if you need support throughout your next project.