5 tips when buying a renovation project

Upload Abode is a fixed fee estate agent Motherwell covering Central Scotland.

Co-founders Paul and Charlene Costello bought their own renovation project in Motherwell in 2011, a 1960’s cottage that hadn’t been modified since it was built, they turned it into a beautiful family home but not without some bumps and scares on the way. Today Paul gives us his top 5 tips for buying a renovation project.

1. Get expert advice

Ok so you have found your dream home, it needs a bit of work but you are sure you can do it all within a reasonable budget. Surely the next step is to put an offer in? NO! Does your new dream home need a lot of work, more specifically, heating electric, plumbing, windows or even worse does it have any 3’s on the home report mentioning Damp, wood rot etc. If the answer is Yes to any of the above do not make an offer until you have had a 2nd viewing with a qualified tradesman who can advise you on approximate costs.

2. Do your sums

Work out what renovations you would like to do first, then work out what you would need to do to make it habitable. Once you have these 2 figures work your budget around this, always factor in 20% contingency.

3. Research, Research, Research

This applies on 2 fronts firstly make sure you use reputable tradesmen or women. I always try to work with people who have either completed work for me or somebody I know before. If you don’t know anybody don’t just go onto google and phone the first company you see. There is so much information freely available online now, check out the companies reviews and Facebook page

Secondly, research anything you are buying to go in your new home, you can often get items a lot cheaper online but the quality of the product can’t always be guaranteed. Personally, I am happy to buy bathroom and kitchen stuff online but would rather sit on a sofa or walk on a carpet in person before buying.

4. Be Prepared to put the work in

No matter how much money you have for your renovation it’s inevitable that you will need to roll your sleeves up and get involved. Things, like stripping wallpaper and sanding wood, can be boring jobs but they are things you can easily do yourself. Don’t get too confident though as a bad job will cost you twice as much to get fixed or you will have to live with it annoying you for years.

5. Enjoy it

Moving home is a stressful time anyway, taking on a renovation project makes it twice as hard. You will no doubt be spending long periods of time on a building site so be prepared, don’t take things too seriously and try to enjoy it. When you are sitting on your sofa watching your favourite TV programme in your dream home that you helped to create it is well worth it. Trust me!

If you would like help finding your dream home or next renovation project or are looking for a local fixed fee estate agent Motherwell, Lanarkshire or Central Scotland please get in touch today.

 

By | 2017-10-02T17:31:49+01:00 October 2nd, 2017|Uncategorized|0 Comments

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