Buying a property that requires a bit of work can be one way to climb up the property ladder. You can move to your favorite location without having to break the bank. While there is no denying that a refurbishment project can feel very exciting, you should remember that it also requires some effort. Thus, it is not one for the faint-hearted and there are some things to keep in mind. What are they? Take a look:
Consider building regulations and planning permissions
You may have to get planning permission, or check building regulation rules, depending on the scale of your property refurbishment project. There are some refurbishments that require you to get permission. There are some properties that already have permission, so you need to check this as well.
Get a complete survey done
Before you decide to begin your refurbishment project, it is a good idea to get your property assessed first. This can help you in figuring out if there are any major problems that need to be fixed. You don’t want to be halfway through your project and discover that there is a lot more work required. You may not have the budget, or the time to get it done, so it is best to know it beforehand.
Consider your budget
It is a given that you cannot decide how much property refurbishment to do without knowing what you can spend. Therefore, always set up a budget, as this will make you easier to decide what to do and what to skip. Make sure you have a realistic budget and always keep some funds aside for emergencies, or additional work.
Decide how much stress you can handle
Lastly, you also need to know how much stress you can handle because you do not want to get exhausted and tired quickly.