Buying a property and transforming it into your dream home can be a challenge at the best of times, but it’s even harder when you’re renovating a very derelict building.
Renovating a fixer-upper offers many advantages, as it allows you to take a blank canvas and turn it into the home you’ve always dreamed of living in.
However, it’s important that you understand the challenges that come with renovating a seriously damaged property.
By ensuring that you’re informed before you begin the project, you can reduce your chances of delays and overspending.
So, you need to learn about the pitfalls that many individuals face when renovating homes and understand what you can do to improve your chances of a successful outcome to your project.
If you’ve just bought a fixer-upper and are unsure how to manage the project, then here are some practical tips.
You Need To Have A Plan
As obvious as it might sound, you can’t start working on a fixer-upper without a plan. Before you make your plan, you need to make sure that you understand exactly what needs to be done. Get experts to check the most significant parts of the property, such as the roofing, wiring, plumbing, and overall structure. Then you can work out what needs to be done and in what order. You can also get quotes from these experts on how many specific parts of the project will cost and insight into which areas you can do yourself and which need to be done by an expert.
Set A Budget And Stick To It
Once you know what you need to do to your property, it’s vital that you set a budget for the project. For many home renovation projects, budget is a major issue. If you spend too much money, you could find that you waste cash and have to set the project back while you find new sources of funding. Make sure you work out a clear budget and that you include some room for changes and emergencies so that you don’t have to stress about your finances during the project.
Make Sure Wiring And Electricity Is Safe
Often, fixer-uppers will require electrical safety tests, or in some cases, completely new wiring. Make sure that you work with a certified electrician to understand the wiring needs of your property. Once your home has been re-wired, it’s important that you get an electrical installation condition report (EICR). Companies like Trade Facilities Services can offer you an EICR for your property, so you can ensure that it is completely safe.
Improve Energy Conservation
Many older properties often don’t have energy-efficient windows and doors, which could lead to inefficiency and increased household bills once your property renovation is complete. As such, you should make sure that you explore energy-conserving solutions such as PVC windows and doors. You should also ensure that the damp proofing on the property is correct and that it works so that your new home doesn’t let in moisture.
This guide is just a brief overview of some of the most important factors you need to consider when you’re planning to renovate a fixer-upper. Once you’ve undertaken all of these tasks and had the property’s structure, wiring, and energy conservation has taken care of, you can start on the fun part: decorating your new home!