12/11/2026

Rental property renovation budget

Budget for works using VAT-inclusive supplier quotes across the UK. Enter unquoted work separately so each item is counted once. The contingency applies to the full works budget.

Your figures

Budget for works using VAT-inclusive supplier quotes across the UK. Enter unquoted work separately so each item is counted once. The contingency applies to the full works budget.

Worked example

Enter your figures to see the result.

Worked exampleYour result

Entry methodEnter totals
Contingency (%)10
Funds available for works (£)0
Contingency£320.00
Budget including contingency£3,520.00
Works before contingency£3,200.00
Additional funding needed£3,520.00

Budget for works using VAT-inclusive supplier quotes across the UK. Enter unquoted work separately so each item is counted once. The contingency applies to the full works budget.

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Worked example

£2,200 quoted and £1,000 estimated plus a 10% contingency gives £3,520.

Use the VAT total in each supplier’s quote and separate repair expenditure from capital improvements in your accounts. This budget does not decide VAT eligibility. HMRC rental income records

Choose individual items to enter an estimate and an optional quote for each job. The quote replaces the estimate for that job, including a genuine zero quote. Compare the budget including contingency with funds available.

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