When you buy a project property to become your dream home or a profitable investment, you’ll likely have a few tasks on your renovation to-do list. After all, most cheap project properties have been left in a state of disrepair before a new buyer takes over ownership. It’s never easy knowing where to begin, but these impactful tasks may provide the most value:
A New Roof
Any roofing company will tell you there’s no point in completing interior renovations unless you have a sound roof. One serious rain event can be all it takes to see all your hard work undone.
In that case, a new roof should be one of the most important renovation tasks on your to-do list. Now might be the right time to call in a roofing company if you notice these signs:
- Damaged shingles or flashing
- Granule loss
- Water damage
- Grit in the gutter
- Rotting boards
Plumbing pipes don’t last forever. If you’ve purchased a home needing repairs, those repairs might extend to your home’s pipes. Full-service plumbers can inspect old pipes, fix leaks, and undertake full replumbs. Knowing you likely don’t have to worry about water leaks for decades to come can be a weight off your mind.
A Full Rewire
Most house wiring can last beyond 50 years. After that time, you might encounter problems like hot outlets, flickering lights, and a burning smell. These can all be serious safety risks. After all, over 40,000 fires in the United States involve electrical failure and malfunction each year.
If you’ve purchased an older home intending to renovate it from the ground up, don’t forget about the elements you can’t see. Failure to consider your house wiring may mean your property is at an increased risk of fire, putting your other renovations at risk of being all for nothing.
Many house buyers steer away from properties with foundation issues. They can be costly to repair. However, if you have the know-how and can secure a property cheap enough, a house purchase can still make financial sense.
However, foundation work should definitely be at the top of your priority list if you’ve purchased a property with such issues. You may know foundation repairs are required if you notice:
- Sticking doors and windows
- Uneven flooring
- Diagonal cracks
- Cracked tiles
- Ceiling and drywall cracks
- Drainage issues
Kitchen and Bathroom Renovations
Kitchens and bathrooms are among the most used parts of any home. They can also be among the most costly to renovate, especially if you’re hiring tradespeople to handle the work.
However, despite the cost, kitchen and bathroom renovations can be some of the most impactful to consider. If you’re renovating your house for your own enjoyment, you can create bathrooms and kitchens that suit your everyday needs. If you’re renovating to sell, they can be a deciding factor for house buyers who want properties with all the hard work done for them.
Buying a house to renovate is a significant undertaking with many tasks to tick off your list. However, by prioritizing these tasks above, you may enjoy a safe, secure, and solid home to suit your needs for decades to come.