Buyers are warned to beware of £70,000 home renovation trap

RESEARCH by housebuilder Avant Homes East Midlands has revealed how new-build buyers could avoid up to £70,000 in the hidden costs of an older home during the crucial first years of homeownership.

- 

The analysis, based on industry research, shows new-build homeowners are quietly becoming financially better off by not having to spend on expensive renovations and higher utility bills that older property owners often face.

While most homebuyers know that new-builds are more energy-efficient, fewer fully account for the renovation and repair costs that can potentially come with older properties.

These unexpected expenses can easily spiral into tens of thousands of pounds, catching buyers off guard during what should be an exciting new chapter.

Avant Homes East Midlands' analysis, based on 2025 market rates from CheckATrade, MyJob-Quote, GreenMatch, Car-Wow and BoilerGuide, shows the average cost of essential upgrades including:

■Kitchen renovation: £11,500 for a mid-range full refit