{"id":4410,"date":"2019-10-03T09:00:11","date_gmt":"2019-10-03T09:00:11","guid":{"rendered":"https:\/\/bespokehomedesign.com\/?p=4410"},"modified":"2017-02-07T13:59:09","modified_gmt":"2017-02-07T13:59:09","slug":"inspection-choose-property-renovate","status":"publish","type":"post","link":"https:\/\/bespokehomedesign.com\/blog\/inspection-choose-property-renovate\/","title":{"rendered":"How To Choose A Property To Renovate"},"content":{"rendered":"\n\n
Whilst most of the information on this website is for people who already have a property that they are going to renovate, I thought I would chuck in a blog post about choosing a property in the first place and finding one that has plenty of potential for renovating so you can maximise your return on investment in it.<\/p>\n
It can be very difficult to find a property in our cities these days that perfectly meets your needs especially if you have your heart set on a specific area to live in.<\/p>\n
In most built up and modern cities, buying a property and then modifying it to suit is often a far easier option<\/strong> and the purpose of this blog post is to show you how to choose properties <\/strong>that are ideal for renovating & extending.<\/p>\n Properties are always ageing and deteriorating, so it\u2019s easy to find properties with potential that will need to be shown a bit of love<\/strong> to get them up to scratch.<\/p>\n The added benefit of course when doing up a house is that you can take a property in dire need of repair and successfully restore it to its former glory<\/strong> and in doing so increase its value in multiples<\/strong> of what the work actually cost.<\/p>\n When it comes to different levels of work required to a property there are many different terms and it can be a bit confusing so let\u2019s firm that up here.<\/p>\n A refurbishment <\/em><\/strong>is the least amount of work required. It involves minor repairs, redecoration and at the very most, a new kitchen and bathroom. It doesn\u2019t involve any structural work.<\/p>\n A renovation <\/em><\/strong>is a step up from a refurbishment and it involves the renewal of kitchens and bathrooms, mains services and utilities, roofing, windows and the installation or restoration of interior fittings. It usually involves more building work & sometimes structural alterations.<\/p>\n Now it doesn\u2019t help that these terms get mixed up for larger construction projects here in the UK, for example the London Bridge Train Station revamp is classed as a refurbishment despite requiring a massive amount of heavy duty civil & structural works.<\/p>\n But for the purposes of this article we\u2019ll stick with the definitions above.<\/p>\n Remodelling<\/em><\/strong> is a bit more intensive again and definitely<\/strong> requires structural alterations<\/p>\n A Conversion <\/em><\/strong>is taking a property of one use such as a GP surgery and converting it into a flat for example, and is generally a combination of the 3 main types above.<\/p>\n The first thing<\/strong> to take note of is how far your budget will stretch, obviously the more work that is required, the more costs that will be involved<\/p>\n The second thing<\/strong> is to decide how much time you can commit to the project.<\/p>\n If you are undertaking a sizeable job then it is wise<\/strong> to hire people to take care of everything for you be it Architects, Engineers, Builders, etc<\/p>\n If you don\u2019t have the funds to hire all these people then you\u2019ll have to do a lot of the work yourself which is very time consuming.<\/p>\n And it\u2019s these 2 points that will pretty much set out what type of project & as a result what level of repairs\/renovation that will suit you.<\/p>\n Before we get into specific types of properties we need a general set of guidelines of what to look out for when checking out a potential property.<\/p>\n 1) Common Job Properties. <\/strong><\/p>\n These are houses that are generally ok but do need a new kitchen, bathroom and redecoration.<\/p>\n These jobs are common and easy to do and will give you the highest possible return for the lowest possible cost.<\/p>\n 2) Re-Do Disasters <\/strong><\/p>\n Badly done DIY refurbishments can reduce, not add to the value of a property.<\/p>\n By re-refurbishing these properties professionally you can make them much more desirable and better to live in.<\/p>\n For example, with stone cladding and \u2018home made\u2019 porches or conservatories.<\/p>\nRefurbish Or Renovate?<\/strong><\/span><\/h3>\n
Which One Suits You?<\/strong><\/span><\/h3>\n
What To Look For<\/strong><\/span><\/h3>\n