A lot of home-buyers who go looking for a fixer-upper think they’ll take cheap home and convert it into the house of their dreams. But there’s more to that than paying for a house that’s coming apart at the seams. Here are a few tips on how you can stay on budget if you decide to take on a fixer-upper.
Picking the right home
If you’re shopping around for a fixer-upper, there’s one thing you need to know: every home has potential. But you’ll need to balance that potential with your renovation budget. If the structural damage and repair costs are bigger than your renovation budget, then keep looking.
Consider the location
Check the neighborhood before you choose a fixer-upper. It would be ideal to pick homes that are in good neighborhoods, That’s going to get you more buyers.
Choose your crew
Choose your crew wisely. Look for a general contractor in Martinez with considerable experience working on fixer-uppers. That should ease your mind, knowing experts are getting the job done.
Assess the layout
Do you hate it or like it? It may be impractical to destroy all the walls. Find out what your options are. Talk to a competent and skilled general contractor in Martinez. That should make it easy for you to decide what kind of fixes will fit your budget, home, and needs.
Know the issues
Know what constitutes major and minor fixes, The Balance says. For instance, installing new kitchen cabinets, doors and refinishing the floor are all minor repairs. However, if you find yourself in need of a new HVAC system, roof or replacement windows throughout your home, then expect to shell out a lot more. Knowing these things will help you plan and manage your renovation budget much better. Talking to your contractor will also help.