Most properties that I come across in the auction rooms of the UK need renovating to a greater or lesser degree. Being able to spot what is just a cosmetic problem and what is going to be costly to sort out, is a great thing to be able to do. Here is my Top 10 list of things to concentrate on when viewing a property and assessing its merits as a renovation project.
One of the joys of owning an older home is the beautiful period features that it has to offer. Whether it be exposed wooden ceiling beams, dainty etched glass panels in doors, ornate cornicing or grand fireplaces, very often it is period treasures that gives a property its distinct character.
I remember my grandparent’s ‘bathroom’ was a tin bath in front of the fire and an outdoor loo that used to freeze your bit’s off! A far cry from today’s modern bathrooms, which are so sophisticated that doing the morning ablutions, becomes quite an experience.
So if you still wake up to the avocado bathroom suite with its moldy tiles, wobbly loo seat and grimy bath, take note of what the most on trend bathrooms offer.
A case of an ugly property in a not particularly desirable area returning 'double digit' rental returns to its owner.
An interesting case of a property with a flat above a shop giving the buyer all sorts of development options.
DIY disasters cost the average UK home improver many hundreds of pounds a year - from not preparing properly and ignoring safety, to setting unrealistic budgets and choosing the wrong fixtures. Here I list the most common renovation mishaps that I come across and tell you how to avoid them...
Mark Twain was quoted as saying 'Buy land, they don't make it anymore...' way back in the 19th century, but this early advice still holds true. But what if the land you buy is agricultural.
According to research by the Halifax a few years ago, the happiest type of home in Britain is the bungalow, which is rated by its occupants as an average of 8.15 out of 10 on a 'happiness' scale.And with this choice of dwellings contining to out-perform houses and flats in the property market, what options does a property developer have to 'add value' to a bungalow?
There are thousands of ex-local authority concrete (PRC) houses up and down the country, many with fantastic locations and good sized accommodation. But don't buy without knowing what these properties are all about.
If you’re having to pull in the purse strings abit, then there are many ways in which you may be able to save money on your renovation budget, but here are just a few:
Always get a property survey done on any property you are considering buying - especially if it is a home you are planning to renovate to add value. A few hundred quid spent at the start could save you thousands in the long run.