Tuesday, December 28, 2021

Could You Handle A Fixer-Upper?

 The idea of transforming a home is quite idyllic. Who wouldn’t want to build a home exactly how they want it, turning something old and outdated into something new and exciting again?

But while you might be impressed with Instagram and TikTok transformations, the reality is that these transformations take a lot of time and effort to put off. It’s an idea you need to be fully committed to, with a long road ahead until you achieve the final result.

Think you could handle a fixer-upper? Take a look at the following to help you decide if it’s the best move for you.

Image Credit: Unsplash under Creative Commons

You’ll need to find the right property

The first step in choosing to take on a fixer-upper is to find the right property. You’ll need to find a balance between a property that has potential, and one you can afford to not only buy but spend money doing the work. You’ll need to think about how much work you’re really willing to do and speak to some experts about what sort of work will be needed.

You can look at some suitable properties at williampitt.com, giving you an idea of what the market is like at the moment and what’s available in your budget. Buying a fixer-upper could help you buy an affordable property in an area you want to live in, so it could be a compromise worth making to get your dream home. 

Be prepared to spend a lot of money

Major renovations cost a lot of money, and you might not even know how much you’ll need to spend until you’ve moved in. The average cost of a renovation can vary, with the median cost ranging from $10,000 - $15,000 in recent years. Saving money on the property itself could help you afford the renovations. You might not be able to afford to do everything at once but the good news is you can take your time.

How much work will you be able to do yourself?

Home renovations are a little more affordable if you take out labor costs. While you may be able to do some jobs yourselves, you’ll need to think about getting in professionals for the more complicated work. The good news is that renovating a house can teach you a lot of new skills that you’ll be able to use again and again.

Can your family cope with the ongoing disruption?

As home renovations can take a long time, you need to be willing to live with the ongoing disruption. If you need to live in the property while you’re doing the work, you’ll need to be prepared to deal with the constant mess and noise! It can be doable and provides you make spaces that are livable while the work is happening, you can make it through. Just be prepared for disruption for major works like fitting the electrics, you never know when you might be left without power or water!

Renovating a property might be a lot of work, but the results can be worth it. Looking at home renovation blogs for inspiration could just give you the push you need to go for it. Does a fixer-upper sound right up your street? Do your research, and soon you could be on your way to building your dream home.

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