In life challenges come and they go and one challenge that families or even individuals face is moving into a fixer-upper. By the way, a fixer-upper is a term used in real estate to mean property that do need maintenance work (reconstruction, redesign or redecoration), even though it is usually still possible to live in such property in its current state.
Now there are basically two main reasons why any homeowner would want to move into such properties. They are: in order to remodel for a long-term stay or so as to remodel and resell to make a profit. Of course, there is nothing wrong with either reason. However, before going ahead with your plan to move in and fix things, there are a number of things you need to consider.
Never occupy a place you intend to remodel if you can afford to:
There is a good chance that if the said remodeling property is to be resold that this isn’t your main residence and so you don’t need to live here. This is ideal because living in a house that is half-functional will be a great challenge you should avoid.
Nevertheless, if this is not possible especially for those who intend to renovate old houses for long-term use, then consider keeping your belongings in a storage unit nearby. Doing this, will ensure that there is enough room for you and your team to work on remodeling this property with little or no hindrance.
Carry out remodeling work in the right order:
Consider activities that should come first before others and this is determined by asking what potential disruptions such activities can have on other activities if they are not done initially before them. For example, not upgrading wiring before plastering can lead to redoing at least part of your completed plastering.
Budget remodeling to achieve better profit:
In general, achieving a tidy profit from the sale of a renovated property will require sticking to certain principles. This involves focusing improvements with regards to old houses on including modern conveniences without doing away with the classic look. It is like a fusion of the old with the new. This has worked well with small remodeling projects.
Also, watch your cost by pricing items that you need to buy in order to know what your total cost will be like and if there will need to make some adjustments regarding same. This will ensure that you achieve as much profit as you should without sacrificing quality or craftsmanship.
Remember, before your big move consider all the tips and tricks we have given you and let our Moving & Storage Company help you along the way!
