When you’re faced with an older property to renovate, the challenges presented can put a lot of homeowners off from purchasing it in the first place. However, there are some of us out there that love a challenge, and an old property certainly gives you it in abundance.
An older property should be approached carefully and will often be more costly than the average renovation. Whether you’re updating one room or multiple, there’s a right way to go about it in order to get the most out of your investment. Let’s look at the important steps you need to take in order to update an old property successfully:
How much is typically spent on renovating a property?
According to Rocket Mortgage, the average house renovation can cost anywhere between $15,000 to a whopping $200,000. Of course, not everyone has this type of cash just sitting in their bank account, which means you often need to be realistic about what you can afford.
Depending on the skills you possess, there are some jobs that you can likely do yourself, whilst others will require a professional hand. Before you start hammering down walls or stripping fixtures away from ceilings, it’s important to have planned and prepared the project properly. How much are you thinking of spending on the project and what’s required from the renovation?
Let’s look at some of the most crucial steps for updating an older property:
Install new windows:
To brighten up the appearance when it comes to your home’s exterior, new windows are a great way to update its look. There are plenty of companies out there who will be more than willing to help knock out the old windows and replace them with eco-efficient, high-performance alternatives including this one here.
Typically, you’d expect to pay around $600 for a window but this can vary from $200-$1,200.
Assess any other structural work that needs doing:
Structural work is something that should be undertaken before you make any cosmetic changes to your property. There may be certain issues within the walls, floors, and ceilings of the property that need fixing. Wouldn’t it be frustrating to spend all that money and do all that work only to find that there’s a serious structural issue that means you need to rip everything out and start again? By doing the assessments and getting the professionals in to take a closer look at the integrity of the property, the more problems you can avoid further down the line.
Focus your attention room by room:
When it comes to your focus, make sure it’s spent on tackling each room individually, rather than all at once. Unless you can afford to move out of the property and spend the money to do everything at once, it’s both a more pleasurable experience and a less stressful one to do it in separate chunks. Not only that but it means your attention isn’t spread too thinly, which ultimately helps avoid mistakes.
Replace outdated fixtures and fittings:
With your fixtures and fittings, it’s important to replace these in order to provide your home with a blank canvas. For example, the lighting found in most old homes is likely very outdated and unless you want to refurbish some of them due to their vintage appearance, it’s good to replace them.
Upgrade your heating system:
Upgrading your heating system is a must, especially as a lot of the old properties back in the day would run on the most basic of heating systems. There has been a considerable amount of development in central heating systems. This can be a costly expense, but it’s something you should definitely consider, along with air conditioning units.
Do a check of the roof and guttering:
Your roofing and guttering protect your home from water damage so any compromises in these structures can cause a lot of costly damage. With that said, get the professionals in to do a check of the roof and guttering when possible.
Upgrading old properties can be extremely gratifying, so with this in mind, enjoy the process of creating your dream home!
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