Damp, Dry, Rot, Woodworm, Draughts...

Just some of the period features you won't find in a new build home.

More than meets the eye? The cost of upgrading an old home to new build specifications is nearly £45,000!

When looking for a house, it's rare you'll find somewhere that you could move into without even adding a lick of paint. Besides, it's perfectly natural to want to make "a house a home" and add your own personal touches in the process. You might want to treat yourself to a new kitchen or bathroom, or it could just be that the old boiler needs replacing. 

In which case, how much would you be prepared to spend in order to put your own stamp on a house after you've moved in? Would it be £1,000, £5,000, or perhaps even £10,000? How about £45,000 though? Whatever the sum, it's a lot of money on top of all the other costs associated with moving house.

This is where new builds come into their own. Recent figures from the industry have found that the cost of upgrading an older home to the same specification as a new build property is nearly £45,000*. 

Everyone has different tastes, so moving into a second hand home often means living with someone else's style, and changing this can clearly become quite a costly exercise. A new build home offers you a blank canvas and gives you the chance to work with the builder to help shape the house you're moving into before you get there.

And, with the £45,000 you'll save yourself, imagine whay you could afford instead.

*Based on independent figures for an average 3 bedroom semi-detatched house.

 

Where The Exta £45,000 Is Spent Upgrading An Old House

 
£9,412 on guttering and insulation

£4,800 on decorating

£3,200 on re-wiring

£4,500 on a new bathroom


£6,150 on double glazed windows and doors

£3,286 on new flooring

£4,403 on new central heating

£7,645 on a new kitchen


This article was kindly provided by the Home Builders Federation. http://www.hbf.co.uk/ 

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Publish date: 11/05/2017