Tag Archives: rebuilding and restoring

Three Essential Considerations Before You Buy a Fixer Upper

Three Essential Considerations Before You Buy a Fixer Upper

With housing prices through the roof these days, it’s not easy to get a foothold on the property ladder. Many enterprising young buyers are grabbing what they can afford and putting the work in themselves.

Whether your goal is to create your dream home or flip your property for a profit, renovating a fixer-upper isn’t as easy as you might hope. Before you put in an offer on a house that needs some love, be sure to consider these important factors that could determine the success of your renovation project

Photo by LoboStudio Hamburg on Unsplash

Are You a Happy Camper?

When you first lay eyes on your fixer-upper, you may be blown away by its potential. Before you buy, it’s worth asking yourself how long you’d be prepared to live in this house without the planned renovations taking place. If you’re buying a property that needs help, you may not have the ready cash to mend and upgrade everything right away. If you’re planning to do the work in your spare time, you’re unlikely to rival a builder for speed, no matter how excellent your DIY skills are. Some projects will be more urgent than others. While you may be able to live with those outdated bathroom tiles, you might want to call the roofing company right away to deal with that leak above your bed. If you’re not prepared to rough-it indefinitely, it makes sense to have a clear work plan and budget laid out before you sign that dotted line. 

Your Skills

When you imagine saving loads of cash by picking up a fixer-upper on the cheap, remember that the labour required to do the work is going to cost you one way or another. If you have enviable DIY skills and experience, you may be able to get the bulk of the work done on your own, but remember: time is money. Is affixing skirting boards the best use of your time, or are you losing income by devoting hours to this project? Likewise, the cost of hiring professionals should be incorporated into your overall budget. If you buy a fixer-upper without factoring in labour costs, you may end up shelling out more than you would have to buy a house that has already been renovated to a high standard. 

Photo by Nikolay Draganov from Pexels

Location (Location, Location)

That old adage still holds true: while you stand to make a good profit on a fixer-upper in an up-and-coming neighbourhood, sinking money into a renovation project in the wrong location could be throwing good money after bad. You can renovate until you’re blue in the face—install crystal chandeliers and a basketball hoop—but you can’t move your house any closer to the school you’d like your child to attend, or any further from the noisy train station. It’s really easy to get swept up in enthusiasm when a house ticks most of your boxes except for the area it’s in. If you’re infatuated with a fixer-upper of your dreams in the wrong sort of place, go home and take a cold shower and tell yourself: no. Another gem in a perfect location will come along. 

Whether this is your first home or you’re buying to let, give some thought to these important considerations before you invest your money, time and DIY magic in a fixer-upper. 

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.

From Run-Down To Ravishing: How To Make Your Renovation Project A Success

From Run-Down To Ravishing: How To Make Your Renovation Project A Success

There are some incredible old properties on the market but sadly, some of them have seen better days, but this doesn’t mean that they no longer serve a purpose. A growing number of adventurous investors and creative buyers are looking for a project. When you’re buying a house, it’s not always pristine showhomes that catch your eye. With a renovation project, there’s potential to create the home of your dreams. If you’re hoping to turn a run-down wreck into a ravishing retreat, here are some tips:

Photo by Nolan Issac on Unsplash

Plan carefully

Renovation work is often time-consuming, and it requires careful planning. Before you buy a house, you’ll need to know how much the build will cost, how much value you could add, and whether it’s viable to do what you want to do. It’s wise to consult with planning officers, architects, and building firms. It’s not enough to have a vision and a rough budget in mind. You need proper plans in place to make sure that you’re making the right decision. Investing in older properties can be incredibly lucrative, but it can also end up draining your resources. It’s essential that you select 

Don’t shirk on expert help

It may seem relatively straightforward to come up with design ideas, especially if you’re blessed with creative talents. However, there’s an awful lot of work that goes into rebuilding and restoring a house. You’ll need to make sure that your plans satisfy building regulations, and seek planning permission for any structural changes you want to make, or extensions you wish to add. Calling in expert help may be costly, but it could save you significant sums in the long-run. If you get it wrong, you’ll end up paying experienced professionals to sort out a mess, which could have been prevented in the first place. You can help out with the odd job on-site, but you need people with the relevant expertise on board. Roofing jobs, for example, may look simple enough. But there’s a lot of skill that goes into fixing loose tiles, fitting a polycarbonate sheet or tending to leaks. Other jobs you might want to call the professionals out for include clearing a blocked drain, other plumbing work and electrical jobs.

Some people sail through the process of restoring an old house without any major hiccups, but it’s always a good idea to make contingency plans. You may encounter problems that have implications for the timeframe and budget. If you’ve set aside some money, and you have somewhere to stay while work is underway, this will save you stress and hassle if you do hit 

Be original

If you’re renovating a house, seize the opportunity to inject your style and personality, and be original. It can be tough to see past the decor and style in a brand new home. But with a project, you have free reign to celebrate your taste and design your ideal home. Look online and flick through some magazines for inspiration and ideas.

If you’ve bought an old home in need of some TLC, there’s probably a lot of work to do. This is an exciting time, but it can also be stressful. Plan ahead, work with experts, and always have contingency plans in place, just in case. Once you’ve got the major jobs sorted, start thinking about the interior, and be original with your ideas. This is your chance to create the home of your dreams!

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.