Scared Of DIY? You Could Be Missing Out On Your Dream Home
When searching for a new home, do you scroll past properties that look a little worse for wear? You know the ones, where the carpet hasn’t been changed since the 70s and the floral wallpaper is curling off the walls?
Lots of buyers look for newly renovated or new-build homes due to fear of the doer-upper. If that sounds like you, we’re here to tell you that you’re potentially missing out.
Older, unloved properties may look scary but they’re often hiding bags of potential.
Here’s what to consider when buying a doer-upper.
- Costs and budgets
Dilapidated or older properties tend to come onto the market at a lower price than their newly renovated competition. With new homes, you’re paying for the time and money someone else has put into it. While with doer-uppers, you’ve got something relatively untouched and ready for updating.
Of course, you must factor in build costs, decoration, plumbing, electrics etc.
Top Tip: If you’ve fallen in love with an older property, make sure you view it a few times and take an experienced builder along to see it so they can advise on costs and potential issues.
Buying an unloved property without doing your research is a fool’s game. Get yourself online and look at similar homes in the area; ask the agent as many questions as you can to get to grips with the property. Is there potential to extend? Does the property have permitted development rights? What do the other properties on the street look like? There are no silly questions when you’re thinking about a renovation project.
- Add value
When buying a doer-upper, you can feel smug in the knowledge that any updates you do will add value. For example, many older flats or houses don’t have a central heating system, which would put a lot of buyers off. By installing one, changing the old windows and investing in insulation, you’re not only energy-proofing, but you’re also saving money in the long run. Also, if you decide to sell, you’ll be able to command a higher purchase price.
- Make your mark
There’s nothing like seeing your design ideas come to life and a renovation project allows you to do just that.
If you’re looking for a renovation project, get in touch with us at Knights Property Services on 01276 539111. We’ll help you find your dream home.
Whether you are selling, buying, letting or renting, we’re here to help. Call Jon and our team on 01276 539111 or email: email@example.com for expert advice which is honest, accurate and informative.