We are in the middle of doing up a very large, 1930's home on 1/3 acre block. We are living in a static van in the garden, but that house at least looks livable.
Has the house been lived in, within the past 2 years? If not, there is an exemption where you only pay 5% in VAT on certain items to get it back into a livable state. you pay 0% VAT if its been empty 10+yrs. The council come around to inspect and check their records on when it was last occupied.
We bought for £350,000, so far spent £100,00. Likely spend at least another £100,000 though. We've had:
- new roof with hand made tiles + guttering
- small, 2 storey extension
- knock down and rebuild of a very large orangery
- re did all the drains
- 5,000 water tank buried underground for rain water
- almost all wooden floors/beans replaced
- rejig of door positions, opening up a hall and bathroom
- removing 4 chimneys
- removing 3 walls and replacing with giant steels
- electrics 1st fix
- velux x4, huge lantern and 2x 4m bifolds
We still have the rest of the electrics and plumbing to be done.
- water softner and boiler
- rest of the windows and doors
- kitchen plus all new appliances
- radiators
- bathroom suites x4
- carpets, tiles, furnishings and furniture
Not to mention at some point, either a garage or car port, a new driveway and complete garden landscaping. The list seems endless and I'm sure I've missed off multiple things.