The palpable excitement of being a first-time buyer can also lead to a considerable amount of dread. While location and cost are two aspects that loom large in the mind of many of us, when we’re looking for a home that meets our requirements, we can end up going for a fixer-upper. But does this mean we have more control over our home or is it just too much money to fork out for in comparison to a house that’s freshly renovated?
Going In With A Plan
If you find a home that’s within your price range but is underwhelming, if you feel you’re able to take on the task of renovating it, or even adding extensions to it, you need to have some sort of plan in place. It’s not just about the budget and keeping within that, but also making sure that you aren’t taken for a ride by the professionals.
After all, if you move into a home that needs a lot of work done to it, you need to work with professionals that can provide a swift turnaround. Instead of working with a cheap builder based a few miles away, working with contemporary architects or at the very least professionals that come recommended by people you trust, will make for a less stressful process.
Understanding The Scope Of The Task
Comparing a fixer-upper to a fully renovated house is unfair. Many people buy a fully renovated house for the reason that they don’t have to do any work to it. If you buy a fixer-upper, you can put your own stamp on it, and you can communicate your personality, as well as it being a very lucrative nest egg.
But for all the positives, you have to understand how difficult it can be to get to this end product. When we buy a fixer-upper, we have to live in it, and this can be very stressful, not just on us, but the other people that have to live there too.
Who Else Is It Going To Affect?
If we have our dream home, albeit in a very subtle manner at this point, it’s going to be a lot of work to get it up to code. This means every spare moment is spent on this house. Many couples don’t survive the task of renovating a home, and if you have family members, do you have to purchase a semi-dilapidated home so you can turn it into your dream property? This is why so many of us opt for the fully renovated property anyway.
Although nowadays there are plenty of companies that do house flipping, if you want to see your dream home through to completion, it’s not the financial implications that need considering, but if you will survive it emotionally. Your own home is something you should have control over, stylistically.
But when the task of renovation dawns on us, this is why it’s important for us to plan every finite detail. And in addition to this, thinking about it over a long time period, rather than setting yourself a strict deadline means that everybody that lives in the house will be better off.