Cost Considerations You Should Keep In Mind Before Converting Your Basement or Cellar

 

You may have seen some fantastic basement or cellar conversions around in your friend’s home or on the internet, and you may be tempted to jump in head first into a basement conversion project in your own home, then you must curb your enthusiasm and proceed with caution.

Like all building projects, cellar conversions and installations need money and planning because costs quickly pile up and get out of hand, if you are unprepared.

The advantages of installing a cellar or a cellar conversion are numerous. One of the most significant rewards is the value that a cellar conversion can add to your property. Additionally, a cellar is extra space that you can use for leisure, storage, as a spare bedroom or even an annex.

Following are some significant considerations that should be kept in mind before you start with cellar conversions:

Size and Plan for the Area

A major price-deciding factor is the size of your property and the size of the cellar conversion.  Converting an existing cellar will cost less than installing a new one which requires digging and underpinning a new cellar can cost anywhere from £2,000 to £3,000 per m²per.

Lowering the floor level and underpinning will cost up to £2,000 per m². Plaster and renovations will cost between £700 and £1500 per m².

Your plan for an area will also have a direct impact on the cost of the cellar conversion. Are you setting up a bathroom? If yes, then it will require plumbing and drainage. Will you have a swimming pool in the cellar? If yes, then you will need to increase the budget for damp proofing.

Lighting and the addition of proper ventilation will increase the cost significantly.

Planning Permission and Regulation Fees

If you are doing any building or conversions in your house, you have to be a 100% sure that they abide by your local building regulation, so before you proceed, check with the local council or LPA. It is likely that you will need to get permission before you start and submit your building plan for approval. All this will add to the cost of your cellar conversions.

Additional Jobs

Your cellar conversion may result in a few extra jobs that need to be paid for including diverting plumbing pipes, moving the boiler, additional waterproofing, removing excavated materials, and more jobs. Thus, you should be prepared to add these into your budget.

Engineer and Contractor Fees

You will have to pay the engineer and the professionals for their work. Some companies will provide end-to-end services. Otherwise, you will have to hire a different professional for different jobs. Ask for no-obligation quotes to get an idea of the costs before you settle on a service for cellar conversions.

Research and preparations will help you evade the undesirable scenario of leaving the conversion half done. After all, no one wants a half dug up cellar or basement with no more money to complete the job.