I live in the South East and have just been quoted £10k to renovate the tiniest of bathrooms. No moving of units etc, just replacing bath/sink/tollet, changing tiling, replaster ceiling. Whilst it seems like a lot of money to me (because it is), I can justify it as our house value is approx £650k so it’s a small amount as a proportion of the property’s worth (it’s also basically unlivable at the moment).
Yet I’ve just seen on another post a really decent looking 3 bed for £140k. Do people in these value houses still spend £10k on bathrooms? Or is it still much cheaper up north?
Also, when you insure your £140k home, do you have to state the value of rebuild to be higher? How does that work when the cost of rebuild would be higher than the current house value? Or again, can you get a builder to build a 3 bed semi for less than £140k inc all costs?
Just interested really.