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Updated about 5 years ago on . Most recent reply

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The cost of renovations

Posted

There is a house I'm looking at that has been overgrown. I cannot post pictures here but I have pictures of the property.

It is a 4 bed 1 bath bungalow. There is no appliances and everything is in need of an update. There is rot in some of the wood and needs new electric(which I can do) and probably plumbing also. Basically the whole house needs a complete makeover.

if the structural review came back good what would be some estimates on a scope of work that include

New electrics

new plumbing

single glazed windows currently

new boiler

lots of Carpentery work, rot to take care of (unsure of how expensive the rot is) all new skirting board and window frames.

new plaster and paint

possibly new insulation?

there is mold in some parts of the house.

Tiling ( my father can do)

flooring And door frames (carpenter),

hoping to get the house from 10-40k or a split of the profits after renovation. 

During renovation I would probably knock a wall between bedrooms and turn into one master bedroom with an ensuite.

hopefully after resale I would be looking to fetch 180-240k ( irish rural market). 

wondering how much you would esitmate a renovation on it to cost, baring in mind nothing is probably staying.

have you ever done a deal where seller gets a piece of the pie after deal is done instead of paying for the property beforehand, or even as a cherry on top of the cake ?🍒

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