When you’re in the process of buying a house, the list of things you have to think about seems almost endless. The budget, location, do you want a garden, how many bedrooms. Plus you’ve got to think about how much work needs doing to the house. Many people stray away from houses which need that little more renovation to avoid extra cost and labour. However buying a house which requires some work can be so beneficial for you in the long run. Here’s why!
Make it Your Own
If you buy a house in need of some TLC, you get to pick exactly how it comes together. From the colour scheme of the place to the type of wood for the skirting boards – it’s all up to you. Your home can truly reflect your style. Depending on the level of work which needs doing – and your budget – you may even be able to change the floorplan. You could go for an open plan home by knocking down a wall or two, or you could create cosy, intimate rooms. Unlike the people who buy a new build, you get so much say in what your house looks like from the word go. Your house will have character, and it’s a chance to truly picture your perfect home. You’ll need help along the way, but with a talented painter and decorator your design dreams can become reality.
Potential Value
Houses which require renovation tend to be cheaper within the market. This could be the reason you looked at it in the first place. After you fixed up the place, it could be worth much more than when you originally started.
Of course, you need to set yourself a reasonable budget to ensure you can achieve all you want to do. Make sure to talk to the right people in the trade and get an idea of what the cost will be. It’s important to note that spending money on a house does not guarantee it will go up in value but there’s a good chance you’ll get a return if you’re smart with your budget.
Don’t Do it Alone
Depending on the level of work needed on the house, it’s safe to say that you’re going to have workmen coming in and out of the house for a while. However, there may be some jobs you feel you can tackle by yourself. It can be tempting to feel like you’ve got to do it solo as it’s your house. Remember you’ve got a world of resources amongst your friends and family. Don’t be afraid to reach out to them and see what they can do to help you finish off your dream home.
Finding your perfect house can be a scary process, but for all the stress it causes it is so rewarding in the end. Have you recently seen a house that needed renovation work? What are some of your tips for going through the process?
Images courtesy of Pixabay
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