Scared of DIY? You Could Be Missing Out on Your Dream Wokingham Home

 

When searching for a new home, do you scroll past properties that look a little worse for wear?

 

Maybe the carpet hasn’t been changed since the 1970’s and the floral wallpaper is curling from the walls?

 

Lots of buyers look for newly renovated or new-build homes due to fear of taking on a project. If that sounds like you, we’re here to tell you that you may be missing out.

 

Older, unloved properties may look scary, but they’re often hiding bags of potential.

 

Here’s what to consider when buying a home in need of some love:

 

1)     Costs and budgets

Dilapidated or older properties tend to come onto the market at a lower price than their newly renovated competition.

 

With new homes, you’re paying for the time and money someone else has put into it. While with doer-uppers, you’ve got something relatively untouched and ready for updating.

 

Of course, you must factor in build costs, decoration, plumbing, electrics, etc. However in many cases, these can work out at less than a new-build, especially if you do some of the work yourself.

 

Top Tip: If you’ve fallen in love with an older property, make sure you view it more than once, and consider taking an experienced builder along to see it so they can advise on costs and potential issues.

 

2)     Research

Buying an unloved property without doing your research can be risky. Go online and look at similar homes in the area; ask the agent as many questions as you can to get to grips with the property. Is there potential to extend? Does the property have permitted development rights? What do the other properties on the street look like? There are no silly questions when you’re thinking about a renovation project.

 

3)     Add value

When buying a home which needs work, you can feel confident in the knowledge that any updates you do will add value. For example, many older apartments or houses don’t have a central heating system, which would put a lot of buyers off. By installing one, changing the old windows, and investing in insulation, you’re not only energy-proofing, but you’re also saving money in the long run. Also, if you decide to sell, you’ll be able to command a higher purchase price.

 

4)     Make your mark

It’s great moving into a shiny new home with a flawless kitchen and high-spec bathroom, but imagine creating your own space. There’s nothing like seeing your design ideas come to life and a renovation project allows you to do just that.

 

If you are looking for your new home, contact Nick or Teresa at Quarters Residential Estate Agents on 0118 466 0292 (call or WhatsApp) – we’re here to help.

 

 

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