Looking for the Perfect Renovation Project?
Dreaming of renovating an older home? When shopping for just the right project consider 3 important parameters finding a suitable property:
- The most important consideration when selecting a home to renovate is LOCATION. You want an area that you love! You also need an area with great price appreciation so you have enough room to do the renovations you want without spending over market value.
- Certain PROPERTY ATTRIBUTES are critical. The uglier the better, in most cases! Pay attention to budget eroders like foundation issues, water management problems on the lot, and topography challenges that could make adding cost prohibitive. Find a home that hasn’t been updated in a really long time or risk overpaying for someone else’s recent poor decorating. Flat lots tend to be easier and less expensive to work with.
- Lastly, PRICE is important. You cannot afford to over pay to acquire the property. Do your research. Use discipline. Every dollar you over pay for the property erodes what you could use in renovation.
Renovations are tricky to assess and you need an experienced professional on your side. ART HOUSE AGENTS can help you locate, assess, price and offer on just the right project for you. Not only do we know our city well, we understand construction costs and the inspection processes to get you started off on the right foot – well informed.
