Day: February 8, 2020

Is a Fixer-Upper For You?

When buying a house, a fixer-upper can be the perfect opportunity to break into the market or neighbourhood if your finances won’t allow it otherwise. However, a large scale renovation can be a dubious task if you are not fully prepared right from the beginning of the process. Before buying a fixer-upper, you need to take into account a number of factors before deciding this type of project is for you.

Planning for your Future

When buying a house, a fixer-upper can be the perfect opportunity to break into the market or neighbourhood if your finances won’t allow it otherwise. However, a large scale renovation can be a dubious task if you are not fully prepared right from the beginning of the process.

Before buying a fixer-upper, you need to take into account a number of factors before deciding this type of project is for you.

Do You Have the Time to Spare?

If you enjoy taking on new projects, are creative and hands on, then a fixer upper might just be the perfect residential property investment.

Renovating an old house can be very rewarding and offers the opportunity to create a home with all your specifications. More often than not, the fruits of your labour will be a sought-after and inviting property.

However, you need to consider your current lifestyle before launching into a project. Renovations can be draining on your time and if you are busy at work or with a young family it might be too disruptive.

If you are planning on a DIY project ensure you have the time to spare. If you know you are busy, hiring professionals can combat time issues. Builders and project managers can take a lot of the strain off of you and your family while renovating.

Do you Have the Budget?

Creating a budget is crucial and sticking to it is even more so. Allowing for hidden costs will help you stay within your means during renovations.

When it comes to money and renovations, you should accommodate for and expect the unexpected. The margin for error in any renovation is large and there will be setbacks.

However, you can minimise potential disasters by obtaining a building inspection before purchasing. A building inspection will help to uncover any serious structural issues and extensive rejigging that might need to be done.

Consider also the layout of the home. Character houses are often configured in a way that doesn’t suit a modern lifestyle, such as large entertaining spaces. Do not get distracted by the charm of an older home and ignore the troubles its character can cause.

Cosmetic improvements can be done at a reasonable cost whereas tasks such as strengthening foundations will add a lot to the process, so must be budgeted for before purchasing.

Are You Over-Capitalizing?

Often, buyers purchase a fixer-upper because of the potential for capital gain when it comes time to sell the property.

Therefore it is important to make sure you are not over-capitalising on the potential value of the property taking into account renovation costs. Avoid this by considering what future buyers will look for when buying a property in your neighbourhood, and focus your renovation on that.

For example, if every house on the street has a swimming pool this might be an addition to consider.

Buying a fixer upper can be emotionally and financially rewarding, particularly if you are well prepared and careful with your budget.

Small Touches that Make a Big Difference at Open Inspections

Even if you’re living in area that’s considered a seller’s market, it’s still essential to do the best job possible when selling your property. Sometimes, it’s the small touches that collectively make a big difference. Where you should focus as a homeowner is on the home itself and how you can make small adjustments to ensure a lasting impact among open inspection attendees.

Making a Lasting Impact on Potential Buyers

Even if you’re living in an area that’s considered a seller’s market, it’s still essential to do the best job possible when selling your property. Sometimes, it’s the small touches that collectively make a big difference.

Using the services of a property agent will ensure that your property is marketed to as many potential buyers as possible. Be sure to chat to your agent about the techniques they’re using – from online listings to local newspaper adverts – if you want further details. We buy houses in Jacksonville Fl.

However, you can leave the professional marketing tactics to the experts for the most part. Where you should focus as a homeowner is on the home itself and how you can make small adjustments to ensure a lasting impact among open inspection attendees.

Goodbye Fluff

Cleaning your property is a no-brainier, but it’s essential not to forget about the minute details.

If you’re a cat or dog owner, you may need to extra vigilant about fluff around the home, which may be on the floor or coating the furniture. A hand-held vacuum cleaner can make it easy to eradicate fluff. If you have trouble lifting it from furniture made of soft materials, use packing tape to remove it.

While you might not notice it yourself, potential home buyers may pick up on small discrepancies.

Hello Plants

Indoor plants add a freshness to any space, whether it’s an orchid in the living room or a fern in the bathroom.

You can buy potted plants from garden stores and they’re usually reasonably priced. These help give the home a lived-in feel, without being too personal, which family photos can be.

Better yet, if you choose a flowering plant, you may even find a fresh scent passing through the home, which is sure to please those visiting during open inspections.

Get Cosy

If you’re selling in winter, you don’t want to invite people into an ice cave. Meanwhile, if you’re holding open inspections held during the summer, there’s no better way to turn people off than invite them into a home that’s too hot.

Getting the temperature in the home right is a fine balance. It should be neither to hot nor cold. In fact, you don’t want open inspection attendees to think about the temperature at all. If you can get the temperature just right, this will help create the perfect atmosphere, along with cleanliness and fresh smells.

If you’ve got an air conditioner, this can help pump the right temperature throughout your home. If not, be sure to place portable heaters or fans in a way that will maximize their warmth, or fresh breeze, as the case may be.

Often, it’s the things that people don’t consciously notice at open homes that make all the difference.