<p><span>Home buyers can expect to spend more than £70,000 upgrading an average property to meet new build standards, according to research released by the Home Builders Federation (HBF).</span></p> <p><span>The report published today (February 27) – <i><a href="http://www.hbf.co.uk/documents/12304/New_Homes_Week_2023_-_Get_on_with_Living_Report_FINAL_861ugzl.pdf">Get on with Living</a></i> – </span><span>calculates that the cost of bringing a three-bedroom semi-detached home up to the standard of a new abode would total</span><span> </span><span>£73,271.80.</span><span> But, according to research within the report, 71% of the population expect to need no more than £30,000 to upgrade their home. Almost a quarter anticipate spending between £10,000 and £20,000. </span></p> <p><span>HBF said that typical works to the average three-bed semi-detached property would cost £61,489.30. If adding exterior rendering and guttering this would rise to the £73,271.80 quoted. </span></p> <p><span>In the report, the upgrade cost estimates are broken down as follows: </span></p> <ul> <li>Kitchen £10,550 </li> <li>Bathroom £5,000 </li> <li>Central heating £6,000 </li> </ul> <ul> <li>Rewiring £6,225 </li> <li>Plastering £9,250 </li> <li>Flooring £2,264.30 </li> <li>Insulation £1,950 </li> <li>Windows and doors £12,000 </li> </ul> <ul> <li>Roofing £5,500 </li> <li>Guttering £900 </li> <li>Rendering £10,882.50 </li> <li>Decorating £2,750 </li> </ul> <p><span><br/></span></p><p><span>HBF’s <a href="http://www.hbf.co.uk/news/hbf-report-watt-save">Watt a Save</a> report, published last week, revealed that only 4% of older homes achieve an Energy Performance …