Is fixer-upper a good idea? Well, it depends. For many, fixer-upper homes are the only viable solution due to financial reasons. Autonomy? It’s worth the risk. For others, namely, remodeling enthusiasts, landing a rundown property in a good neighborhood below the current market price is a double win – creative project + small investment + some TLC = double payday. No matter the reason, it’s safe to say, fixer-uppers are right up everyone’s alley, and they mean business. Nonetheless, this type of property is the epitome of challenge, determination, and a whole lot of not giving up. In these trying times, any investment could be considered a risk. Playing it smart and pinpointing your new property’s Achilles heel before signing the papers is the only way to get the most out of your newfound home. So, let’s talk about renovation projects and their focal points. These are the five improvements every fixer-upper house needs.
When purchasing our humble abode, we still tend to strive for hypothetical idealism, although it visually frequently fails in the rainbows and unicorns department. Still, architectural visionaries live among us, and we rely on the intangible outcome. The intuition game is strong. All the same, before signing the papers, we need to determine the renovation project scale. Is it cosmetic, or is it structural? The nature of the upcoming endeavor, along with our carefully calculated budget, should give the final vote. Buy, or pass? Remember that a large-scale renovation project could take months (or even years!) to be completed. Meanwhile, the real estate market could go awry, leaving you with a property not nearly worth the investment. Distinguishing money-wasting investments when renovating is key.
Safety first, as always. Creating a priority fix-it list is a good start. To prevent any unforeseen expenses down the road, hire a professional to assess the property. An untrained eye could get a “spick and span” impression simply by not knowing where or what to look for. Potential hazards and issues with plumbing, roof, and electrical aren’t that easy to spot. Having an expert do an estimate of the renovation will give you a realistic overview of your potential projects and the ability to prioritize critical points. In return, the health and safety of your new home will increase its value on the market.
1. Exterior touch up
Worn out siding? Chipping paint? Make it shine. The exterior writes sonnets about our property. As with all poetry, it could go either way; a reciprocal love or an avoidant one. We write the narrative. Consider each and every element; it’s more than a facade. Does your property have a backyard? Beautiful! Trim those bushes, plant those seeds; it’s time for some landscaping. Oh, and don’t let the curb appeal slip your mind – this small investment could add to your property’s value, and we’re talking thousands. If you’re not planning on selling your newly-bought home, the neighborhood will appreciate your curb effort. This translates to barbecue invites. An excellent way to start!
2. Replace windows
Although not the cheapest, new windows rightfully belong in the “improvements every fixer-upper house needs” category. Why? Think long run. The investment might seem a bit over the top, but can you put a price on your peace of mind? Not only that, old windows are known for their air leak features. Drafty windows will, most definitely, cause a headache come autumn. Again, think bills. Old windows will overwork your HVAC system, causing a tremendous increase in energy consumption. Plus, it takes all the cozy nights away. Replacing windows is an expensive endeavor, but it’s absolutely worth the expense.
3. Kitchen remodel
Ah, yes. THE room. The sacred place. Let’s first debunk the looming myth about kitchen renovation. Spending an entire fortune is not mandatory. As one of the most used spaces in any home, it does, however, demand our undivided attention. You have a budget; act accordingly. High-end materials, like granite, can easily be found in discount stores. If your kitchen cabinets are in reasonably good shape, a coat of paint will bring them back to life (plus, it’s easy on the wallet). If there’s no saving them, check out Home Depot and alike. If you have purchased a fully furnished home, and you like what’s in there, you will need to keep everything safe during renovation. Storing furniture away from home is the best option, and a secure unit is a solution to all your renovation worries.
4. New flooring
If we’re talking interior, flooring makes all the difference. Squeaky, old floorboards are no man’s friend. Nor any visitors. Nor buyer’s, for that matter. We are lucky enough to live in an era where quality flooring comes with budget-friendly prices. And we take it without asking too many questions. Hardwood floors may be the cream of the crop, but there are myriad options to consider for your soon-to-be-beautiful fixer-upper. High-quality laminate or vinyl flooring are highly sought after, as they provide the desired aesthetic appeal and durability without teaching your finances unnecessary drowning lessons.
5. Paint. More paint.
The friendliest method of them all. A simple coat of paint. Why do we love it? It’s a small investment, yet, it turns crows into doves. Human beings are visual types. Color dictates our overall impression of the space, our mood, and even our thoughts. Painting the walls of your new home is not only budget-friendly but also utterly crucial for our wellbeing. Plus, it’s a refresh button. Walls are our home’s canvas. Painting over the previous owner’s “artwork” is needed to establish autonomy and create a new slate. Another perk – you can DIY and really immerse yourself in the property’s transformation. If you’re thinking about embracing minimalism, we recommend using white, black, and your favorite shades of gray.
The improvements every fixer-upper house needs delivered
The improvements every fixer-upper house needs are often an abyss once you get immersed in the world of renovation. Hiring a contractor to do the much-needed work is one of the best ways to alleviate your anxiety and ease the burden. Still, keep in mind that the cheapest contractor is not always the best one. Even if you’re on a tight budget, take time to interview possible candidates to make the best possible choice.