When buying a fixer-upper property there are certain things that you need to look for. You want to start by getting the worst house in the best area. If you can do that you are on to a great thing. The logic follows of course that once you have worked your magic you will have a good house in a good area, and, in terms of resale, that is where you want to be. But what are the signs that you need to look for in terms of being able to deliver improvements? If you want to deliver the real value it is going to require more than just a new coat of paint. With that in mind, here is the area that typically needs the most work, and in turn, offer the greatest opportunity to add value.
Check out the roof
A dodgy roof, one that leaks when it rains, is a nightmare for most people. If you are buying in months when it is dry it might even be hard to spot the signs of leaks, but you must ask about this. The reality is that while fixing a roof is tricky it is not always that expensive. It requires patience more than anything else, and of course the help of an expert. But there are experts out there who will be able to help, just search online for something ‘roof restoration Penrith’ to find a local vendor and get working. There should be no major structural changes required and it will bring benefit immediately.
Do the garden
It sounds like such a simple thing to say but a well-maintained garden is a great way to add value to a property. But you need to plant soon if you want to create the right impression in time for selling. A garden needs to be established for it to create the right impression, so don’t leave it till the last minute. Plant early and make sure that you maintain, water and nurture until such a time that you are ready to off-load your asset.
Usually quite small rooms, the bathrooms are a good place to make a major difference. You can upgrade them one at a time without causing major disruption to the house or living areas. And a fresh look with some new tiles, fittings, and paint does not need to be hugely expensive. It might even be a job that you can do yourself. For most people, a bathroom is a place of relaxation and solitude, so if you can make the bathrooms in your fixer-upper attractive they will go a long way towards appealing to a prospective buyer.
If the property doesn’t already have off-street parking, try to make a plan. It might involve knocking down a fence or eliminating part of the garden, but from a security and comfort perspective, it is a big plus. To be able to park a car safely behind a gate is a major bonus for most people especially if your house is in an area where parking opportunities on the street are limited.