I often work with clients who, at least in passing, consider purchasing a “fixer” as their home. The advantages are obvious ones: cheaper entry price and a chance to make the home their own. However, fixing up a home can be a costly and time-consuming process without proper preparation. I’ve found a great article I wanted to share with you that highlights important steps to take as you fix up a home. Click HERE for the article; I’ve also summarized the points below:
- Be realistic about the project’s scope. Know your own limits, both in terms of finances and patience.
- Set a budget (and stick to it!).
- Make sure the communication channels between architects, contractors, subcontractors, and yourself remain open, and use them frequently. There are seldom pleasant surprises during a rehab project.
- Find the right contractors and architects. I’m certainly happy to provide recommendations!
- Know the building association and neighbors.
- Know the permitting process. Again, I am happy to provide recommendations here!
- Even though you’re building your dream house, understand the process itself may not always be a dream.
Remember, I’m here to help! Don’t hesitate to contact me if you need recommendations, value analysis, or other input!