Getting onto the property ladder is not easy. House prices rise higher-and-higher all the time, and while this is great for sellers, it’s not so good for buyers.
One way of getting onto the market is to be a property that requires house renovation. Often, when a property has fallen into disrepair, the value can drop dramatically. If you are in a position where you can put in the work, you could save a considerable sum on buying the property.
That said, there may be problems with the property that mean that you’ll be unable to get a mortgage. This generally happens where a survey finds structural problems.
If you are lucky enough to get a bargain, and you are able to borrow enough money, you’ll need to get a plan together for how you’ll get the work done.
Planning Your Renovation
When you have a survey carried out it will highlight all of the problem areas that you will need to address. These might include subsidence, and things that need realigning. You should take the jumping-off point for your project.
Start at the top of the house and work down. See what needs doing. If you have broken or missing tiles, then you will need to get a roofer in to repair or replace part or all of your roof.
Check that your gutters and drainpipes are sturdy and that they are not blocked.
Check that the attic is insulated. This will help you retain warmth and will reduce your heating bills. While you are in the attic, check for signs of pests.
Get an electrician to check all of your wirings. Problems with wiring could be a fire risk, so you should ensure that your home is safe.
Walls and ceilings may need to be replastered and you will want to decorate too.
Your bathroom and kitchen may need to be replaced. Alternatively, if there is still some life in your existing suites, it may be possible to upcycle these. Many of the older features that exist in your house can give the place a retro-chic vibe, while the doors from your kitchen cupboards can be replaced, or repainted to give them a new look.
Use Professionals To Carry Out The Work
When it comes to carrying out renovation work, be honest about how well equipped you are at carrying out the work. If you don’t possess great DIY skills, then you should be realistic about what you can achieve, and what you should hand over to a professional.
Often, it is more cost-effective to get a professional to do the job in the first place. If you are likely to mess up when you are attempting to carry out a task, then you will have to do the work twice. Getting in the professionals means getting the job done right the first time.
In addition to this, the work of a professional contractor will be insured meaning if anything goes wrong, you’re covered.