BUYING HOUSES FOR RENOVATION
Many people cannot believe how cheaply
run down houses for renovation can be bought.
Too many have rushed to buy one-
and lived to regret their money pit.
Make sure you don't make the same mistake by realistically
checking whether these old houses
for renovation are the right move for you!
A sense of humour will be essential when renovating
and you must always expect the unexpected!
Not all run down houses for sale
need huge amounts of work- it may be mainly cosmetic.
Projects range from a complete demolition and rebuild,
to a new bathroom and a lot of decorating.
You will be bringing wonderful original features
back to life.
A large project is not for the fainthearted
- your holidays will be spent working
and many evenings will be spent phoning tradesmen and worrying.
Be careful to find out just what you are taking
on
Research is particularly important when you buy a house for renovation.
Picture all the problems building work at
home an cause
and then imagine them all happening in a foreign language.
TOP TIP
some houses for renovation are very isolated-
check how much it will cost to have services installed-
far the nearest shops and restaurants are .
POINTS TO CONSIDER
- the work often costs more than expected -
as one job progresses, more problems can be discovered
- the house for renovation may be uninhabitable so you
will have to stay elsewhere
- there are lots of building regulations to follow -
and in a foreign language
Your builder may go off to other jobs- so
yours will take much longer.
FINANCIAL CONSIDERATIONS
- don't expect to make a massive profit
- the value of the finished project will usually only
be around what you
have paid for the house
and the amount you have spent on building work.
- remember it can be harder to sell a beautiful but expensive
home later
- and you will have to pay tax on any increase in value.
Many of these considerations sound negative.
With good reason.
If a project like this is right for you,
it will be one of the most exhilarating achievements of your life,
and the pleasure you will get from using your home will be immense.
If you choose unwisely, or take on more than
you can handle-
it can be an expensive nightmare.
If you want to know more about the actual
work involved on
turning run down houses for renovation into dream homes,
and a (very) rough guide to what you can expect the work to cost
you can find out more HERE
For a checklist to help you search for
your ideal wreck, click HERE
For over 40 pages of information
to help you buy in France,
visit our sister site FRENCH
PROPERTY FOR LESS
