If you are on the hunt for the home of your dreams, then something that you might be considering is buying what is known as a ‘do-er upper’ or a house that is in need of some work. Buying a home that needs renovating is a great way to get onto the property market, and also a good way to find a property that is in your budget in an area that you may not be able to afford otherwise. Getting your hands on the property and making the changes that you want also means that you can put your own stamp on it and create a home that works well for you and your needs.
Of course, you also need to factor in the costs of the renovation. Some people choose to do it over time, by doing the most urgent things first to make the property habitable, and then by making more changes as they go along. Even if you are handy yourself, you are likely to need the help of other professionals such as electricians, builders and plumbers, depending on what you are doing, so you need to factor in the costs of labour as well as materials that are used.
As well as contacting local estate agents to let them know what you are looking for, you can also find properties that are in need of work by going to property auctions. There are many of these around the UK so have a look for ones that are in your area but do make sure that you are aware of and familiar with the rules of the auction beforehand. Check the terms and conditions that the house is sold, as most of the time you will be buying it as it is without a survey, so there is a risk of biting off more than you can chew here.
Once you have found the property that you want, you can start planning and budgeting – consider what needs doing and when and how you will pay for it. Contact professionals in the trades that you require, such as this Gloucester conservatories company for example so that you can get quotes to work with.
