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Buying A Fixer-Upper? Fix These Essentials First!   

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Buying A Fixer-Upper? Fix These Essentials First!   

For some people, one of the low-cost ways into becoming a home owner is by purchasing a property that needs some remodeling: a “fixer-upper”. As you can appreciate, such houses are cheap because they often need extensive repairs and updates to become habitable again. You’re probably thinking of buying a fixer-upper as your first property project. If that’s the case, make sure you fix these essential items first:

Roof:

The first thing you need to do is have the roof inspected. If there are broken or missing roof tiles, for example, rainwater can cause a lot of damage to internal ceilings and walls. You may need some minor repairs or it might transpire that you need a new roof. The only way you will know whether the roof is okay or not and the extent of any required repairs is by having a professional go up and inspect everything.

Plumbing:

The roof isn’t the only part of your fixer-upper that you need to check and repair. You’ll also need to find out whether there are any issues with the plumbing in your property. Do any water pipes leak, especially near faucets or underneath wooden flooring? Are the waste pipes intact and clear of obstructions from the bathroom and kitchen? What about the pipes going to heating radiators and the radiators themselves?

You’ll also need to check that the main water can enter without any problem and, similarly, that wastewater goes to sewage pipes without any blockages, leaks, or other issues.

Heating System:

Whether you plan to live in the house or want to fix it and sell it for profit, you need to make sure that the heating system in the property is working. For example, you’ll need a heating engineer or plumber to check that your furnace is operating as expected. If the house has a combined HVAC system, you’ll need an expert to check that it’s fully operational. In an old, dilapidated home, it’s probably cheaper to have a new HVAC system installed instead of trying to fix the existing one.

Electrical Wiring:

The trouble with electrical wiring, irrespective of whether it gets fitted to a domestic or commercial property, is that it degrades over time. The plastic insulation on wires can break down or even melt in some cases. Old switches and sockets can be challenging to operate and might easily break due to their age. If you doubt that the electrical wiring in your fixer-upper isn’t safe and reliable, you need to have an electrician inspect all of the wiring, switches, and sockets.

Again, it can sometimes be more cost-effective to have an upgrade instead of trying to repair what’s already in place. Note that you may need to plaster walls and ceilings if you have a full rewire at your property.

Windows and Doors:

Lastly, you want to ensure that the house you are buying keeps warm air inside and cold air outdoors. Plus, you want it to be safe and secure when there is no one at home. With that in mind, you should check if the windows and doors need repairing or replacing.

Once you’ve completed the above essential checks and repairs, you can then concentrate on other areas like decorating. Good luck!

Featured Image By: Pixabay

The 411 On Fixer-Upper Properties

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The 411 On Fixer-Upper Properties

Thanks to all of those fabulous DIY shows on TV that take old wrecks of houses and turn them into incredible homes, you may be considering investing in a property that’s a fixer upper if you’re thinking of buying a house. These shows have made the concept of investing in a fixer-upper home seem incredibly interesting and a great way to cut costs, too, but the truth is, that’s not always the case.

You see, it depends on the property that you pick and how much work it needs done to it. Pick the wrong property, and it can mean spending a lot of money on it without getting any financial rewards in return, such as a high property value. Now, don’t get us wrong, there’s nothing wrong with investing in a fixer-upper property, you just need to be clear about what it actually involves, that’s all. With that in mind, below are a few things you should know before investing in a fixer-upper property:

You Need to Know What You’re Doing: First things first, when it comes to investing in a fixer-upper property, you need to know what you’re getting yourself into. You need to ask yourself, do you really have the time, money, and patience for a fixer upper property? Fixer upper properties can take a lot of time, effort, and money to turn into livable spaces and it’s important to realize that. Yes, a fixer-upper can be a great project to work on, but it’s important not to make the mistake of underestimating just how much work it will be.

You Won’t Be Able to Do It Alone: Unless you’re a highly skilled contractor who specializes in all parts of construction, the chances are that you’re not going to be able to do it alone. So as well as putting money aside for materials for repairs and updates, you will need to put funds aside for any help that you will need, such as a roofer to deal with the roofing and gutters, a plumber to fix any broken pipes, an electrician to deal with the wiring – you get the idea. Before using a contractor of any type, make sure to check their credentials and to get a quote so that you know how much to expect in terms of charges.

They Have the Potential to Be Beautiful: When it comes to fixer upper properties, it’s important to realize that they have the potential to be really beautiful places, just like you see on TV shows like Grand Designs. The fantastic thing about a fixer upper property is that you can pretty much start again and create a home that’s whatever you want it to be. Whether you want a home that’s wonderfully eco-friendly or that has a unique design, you can make that happen with a fixer upper property because it’s yours to shape however you like.

Fixer upper properties can be a great option when it comes to finding a new home; they can give you the ability to shape your home to be just as you always imagined it would be. However, it’s important to realize that there’s a lot more to taking on a fixer-upper property than meets the eye as well as what’s seen on TV, and you need to be prepared for that.

Featured Image By: Flickr