Any experience with old stone houses-insulation/reroofing

[Jinxi]

We are first time buyers. Found the perfect house at the perfect price. We went to look at it today. Its an old stone house but it needs to be insulated and probably re-roofed. Thats before redecorating(which it needs badly...old lady lived in it...has been unoccupied for 2 years), no central heating.
So I was wondering if anyone could gives us a round figure on insulatiing old stone houses/reroofing.
Also how is one supposed to fund extras like this. Banks told us they can give us a mortgage but only on what we pay for the property, no extras. Personal loans??

 

[mathepac]

Unfortunately your question is of the "how long is a piece of string" variety. You need to have an experienced building contractor / architect / surveyor walk through and inspect the property and draft and cost a schedule of works, IMO probably also to include rewiring, re-plumbing and re-glazing.

You have encountered the perpetual property developer's dilemma :-

Is Total Purchase Cost + Refurbishment Cost >= Completed Value?
and
Is Total Purchase Cost + Refurbishment Cost <= My Budget?

If the answer to either question is no, then developers will look for an alternative property.

Banks are no longer likely to fund this kind of speculative undertaking so unless you have access to funding apart from the mortgage, you probably need to look for another property.

Unfortunately a property and a price for it are only "perfect" if they fit within your budget, otherwise they are just pipe-dreams.