Buying a home to renovate can be a fun and exciting project to undertake. People choose to buy fixer-uppers for many reasons, for some, it’s a chance to create the home of their dreams from scratch, for others it’s simply a less expensive way to get onto the property ladder.
Whatever the reason for purchasing a home to renovate, there are several things you should look out for to ensure you don’t encounter anything unexpected or find yourself in a situation that can’t be saved.
First, ensure you thoroughly research the property before beginning the buying process. While a tour of a house can show a lot of its positives, they are usually short and this means a lot of the potential problems are often hidden and left unseen.
This can be done in various ways, either by asking your estate agent lots of questions, searching the house up on the internet or even getting in contact with previous owners to learn more about the property and what to expect. Often, you’ll find that there is a lot more to learn than is visible to the eye.
Be sure that the work the house needs is within your budget and abilities. Many renovation projects can be easy and simple, often homes may just need a facelift and most of the fixing will be purely aesthetic surface-level jobs.
If a house is in need of structural or other serious work, you will want to ensure you are aware of everything that needs to be done and be 00% sure you are prepared to take on the task.
Working out a budget for renovations beforehand can be a great way to help you decide exactly how much you can do before searching for a home. Bringing along a builder to view the property with you and estimate the total costs of the work is also a great tip.
Looking for an estate agent in Hackney? Contact Wild&Co today!