You have viewed so many houses, and there are a few that you know could be turned into lovely homes. But how do you decide which fixer-upper is for you? Before buying any of the potential homes, you would have to be very certain you would be able to change the property to such an extent that you would enjoy living there. Two things come into play. First of all the practicality of the changes needed, and secondly your budget. But how do you assess this? Viewing a house, you might have a rough idea of what needs to change. And quickly adding these up in your head could bring you to an estimated budget of what it would cost to change the house. But as soon as you start breaking down walls, painting and building you could realise that you have underestimated the job at hand! When you like a specific house, take a pen and paper with when you go for a second view. Make a list of urgent changes in each room, as well as outside. This could be anything from filling cracks, replacing old gutter pipes before the rain season, or installing electric fencing. Also make a list of things that you would like to change, but that might be less urgent. This could include changing the colour of a wall, or landscaping the garden. It is important not to only estimate what the costs of the separate jobs would be. Go to your closest DIY store and find out what it would cost to get new gutters for the house. Once you have added up all the urgent costs, as well as potential future costs, you will have a much better idea of how much money you would need. Add this to the selling price of the different houses, and you would have a much more accurate idea of what it would cost to turn them into homes!
The Costs of Turning Houses into Homes
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