Renovation Blog - Budget

Background - Budget

Budget

This is our estimate and actual costs of the renovation to date. I intend to do as much work as possible myself which will keep some of the costs down.

Item Projected Actual
Roof £50,000 £36,000
Pointing £10,000 £6,500
Building work £20,000 £12,500 so far
Woodchip boiler £10,000 £14,000
Plumbing/heating £14,000 £25,000
Electrics £1,000 £5,000
Kitchen and bathrooms £35,000 £15,000
Lighting £2,000 £1,000 so far
Decoration £8,000 £8,000 so far
Contingency £15,000 £28,000*
TOTAL £165,000 £151,000 so far


Notes to date

  • Roofing came in a bit lower as we could save VAT on some of the work, and managed to re-use a lot of our existing slate
  • Pointing was reduced as I did a lot of it myself rather than pay someone else to do the work
  • We had underestimated how much plumbing first fix work would be needed, and also decided to buy a rainwater harvesting tank for flushing the toilets and the washing machine
  • I've had to spend a few thousand on tools, especially for making the windows and other woodwork. Boy those Festools aren't cheap, but they are worth it!
  • * Okay, so the woodchip boiler broke then we have installed a Ground Source Heat system (we will get back the cost through RHI).
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