There is no doubt that a buying a house to renovate can be a daunting prospect. Money, time and labour will all need to be poured into any big renovation project, but for those who can commit, the rewards can be great.
Image Credit: https://en.wikipedia.org/wiki/File:Place_Vosges_Paris_Mai_2006_011.jpg
Perhaps this is why a report in the Independent suggests that the number of homeowners choosing to re-model their properties rather than moving has increased five-fold since 2013. People are opting to put their own stamp on their properties by re-modelling, renovating and making home improvements – sometimes small, sometimes very big.
If you are thinking about buying a house to renovate, here are some things to consider.
Plan your budget
Generally speaking, you will save money on a house in need of renovation when you first buy. The house value will be lower, and so will stamp duty. But the renovations themselves can cost … Read More