When buying a fixer-upper, the key is to focus on what you can do with it after it’s renovated. Instead of looking at how much work needs to be done, think about the potential for your new home. What would you like to see in a home? Is there a certain style or look that you prefer? Do you want natural light and an open floor plan? Identify what will make your perfect family home before shopping around for properties. There are plenty of ways to turn a fixer-upper into something fantastic, and here are some ideas you can apply to yours!
The benefits of buying a fixer-upper
The cost of a fixer-upper is usually much less than that of a new home. Fixing up an older house can add value to the property, increasing its resale price and making your investment more profitable in the long run. If you love DIY projects, buying a fixer-upper may be perfect for you! You’ll get to put all of your creativity into redesigning it from top to bottom while getting to call this beautiful family home yours.
Also, it will be customized to your needs and designed in line with your style preferences by the time you’re done. The point is, you’ll never ever find a home that’s more perfect for you than the one you designed yourself, and a fixer-upper is an ideal opportunity to do just that!
How to have your home renovation financed
If you’re worried about the financial burden of renovating your home, there are many different ways to finance these costs. You can take out a loan or get approved for a line of credit if necessary, but this should be used as an absolute last resort. If possible, try reaching out to family members who might be willing to help with the financing in exchange for interest on their investment.
Another way is by finding local contractors and service providers that have flexible payment options available. As they say: “friends don’t let friends pay full retail.” Design professionals such as architects often offer convenient monthly payments without high-interest rates or large down payments required from clients, so it’s definitely worth checking into!
Steps on fixing your fixer-upper
#1 Assess the damages
Renovating a fixer-upper requires the same steps as renovating any other home. The first thing to do is assess what needs fixing, and this involves several factors. First, take note of the current layout of your space, especially if you plan on changing it entirely during renovation. How many rooms are there? What’s their size? Is there enough storage space for everyone who lives in or visits your family home regularly?
Next, look at all systems that need upgrading, such as plumbing pipes, electrical wiring, and heating/cooling systems – these will have an impact on how you design certain areas within the home, so make sure they’re up to date before making changes! After assessing damages comes budget planning. First, create a list of everything that has to be fixed and make an estimate of how much it might cost. This way, you’ll know your budget limitations before starting renovation work, which is extremely important to avoid getting in over your head!
#2 Start with the most important repairs
The essential repairs (structural and floors) should always come before cosmetic ones like painting walls or adding new decorations – this is especially true if you plan on selling it in the future as potential buyers won’t care about pretty colors and customized floorboards if they don’t meet building codes.
There’s also no point in investing money in revamping an outdated kitchen when termites are eating away at its foundation, so get those major issues fixed up first! Next would come window installation because natural lighting is an important factor when it comes to designing a functional and aesthetically pleasing home. After that, you can think about the rooms you want to redecorate and go from there.
The time required for renovation varies depending on how extensive the damage is, what design changes are being made, and your budget. Renovating an old home will always be more work than building one from scratch, so factor in several months of construction before moving back in!
#3 Get inspiration from various sources
Fixer-uppers are the perfect opportunity to get creative with renovations. For example, if you’re completely tired of seeing your dated kitchen cabinets every day, then why not try painting them a different color? This is an inexpensive way to give it a fresh new look without having to spend too much money or time on it!
When renovating any space in your home, don’t forget to get inspiration from various sources, especially ones related to design and architecture – these can be found online and in books that you can borrow from local libraries. If there’s nothing available nearby, then use Google image search instead because that works just as well!
#4 Get creative with the kitchen and rooms
Whether you’re renovating a fixer-upper or not, it’s always important to be creative with the kitchen. For example, what do your family members like? Is there enough space for everyone so they can cook at home without feeling crowded all the time? How about appliances – are they up to date and functional?
If not, should those problems be fixed before moving in too many new things around them as this might cause further damage down the road! The same questions could also apply when redecorating other rooms, including bedrooms or bathrooms, because if something breaks again, then that will cost extra money just to get back to square one.
Take note of what works well within each room and focus on improving those areas first instead of going overboard by adding unnecessary decorations or furniture. Even the most minor changes can make a world of difference in making it feel like home, especially if you’re renting out an apartment!
#5 Landscape the garden
One of the best ways to turn a fixer-upper into a fantastic family home is by landscaping your garden. Even if you’re not good at gardening, multiple online tutorials will teach you what plants work well together so it can be done without too much hassle or additional expenses!
After renovating rooms inside the house, invest in improving the exterior. You can even consider getting yourself one of those Latham Fiberglass Swimming Pools so you spend hot summer days in some cool, crystal blue water!
This gives potential buyers an idea of how lovely and welcoming your place looks up close – plus, it’s something they’ll see every day when coming back from school/work. This includes planting flowers (which also helps remove foul odors) around entryways for guests, creating pathways through flowerbeds, and adding lighting fixtures near trees and other outdoor structures for better visibility, especially during the night.
#6 Repaint the exterior and interior
If you’re looking to get rid of the old dingy look and give it a fresh new feel, then repainting is one of the best ways to do so. However, when doing this around windows or doors, make sure they are properly caulked first because if not, water might seep through, which will result in rusting metal surfaces – that’s bad news for anyone who wants their home to stand out from among others!
Repainting the exterior can also increase your property value by up to five percent. At the same time, interior renovations won’t have as much effect besides making it more functional with modern appliances and furniture pieces. Plus, homeowners associations love seeing freshly painted buildings since they add curb appeal, which means a higher chance at selling faster than expected – so don’t be afraid to invest in this upfront.