27 Feb What to look for in a renovation project?
1/. Location, location, location…..
Getting the right home for renovation doesn’t start with the structure or the condition of the property but with its location.
As with any property purchase it pays to know the area to be able to determine the price ceiling of the area.
Consideration also needs to be given to access to and from the area and the availability of good local tradesman.
2/. Look for easy fixes….
When looking for the right property, find ones that have easy fixes. Properties being sold with dated wallpaper, dark paint work or strangely coloured bathroom suites can often put everyday buyers off. Even changing a bathroom suite from dated pistachio to a modern white can be done in a day or two. Also check for existing planning permission on a property. It could be that plans have already been approved to extend, dig down into the basement or demolish the garage block.
3/. Uncover major issues…..
Take care when buying any home that has been abandoned or derelict for many years. Asbestos is worth checking for before you agree to buy a property. Rewiring and plumbing issues, while manageable, can also end up taking time and costing money and are rarely contained to a single area and will often mean a total overhaul of the systems.