TIPS ON BUYING A FIXER UPPER
There are many people that are opting to purchase a home that, in it’s current state, would make Bob Vila cry.
For starters, fixer uppers could be purchased for a price so low it’ll make you giddy, while other benefits include being able to create a uniquely designed home suited to your own taste and potentially making a handsome profit if/when it comes time to resell.
Before you start scouring around for the perfect fixer upper, here are a few things to keep in mind.
DO-IT-YOURSELF
The ideal fixer upper is the one that has mostly cosmetic issues. Remodeling tv shows everywhere make us think that turning a home from a dilapidated mess into a space befitting a king is as easy as building a LEGO set, but, in reality one should be honest about what they can actually do themselves. In the end, a bad DIY job could become a serious financial, physical and emotional burden.
INSPECTION
Before you buy, have a certified and experienced home inspector evaluate the property. You want to avoid getting yourself into a money pit so deep, you’ll forget what daylight looks like. There are many different types of inspections and professionals to help you create an accurate assessment of the property you’re eyeing.
COST
When you are ready to put an offer on the fixer upper property of your dreams, you should consider the fair market value less any upgrade/repair costs. Consider if you can negotiate on the purchase price. Some buyers are eager to sell and will possibly be flexible.
Buying a fixer-upper can be a great investment if you’re willing to put in the time and effort. It’s important to focus on properties with mostly cosmetic issues to avoid costly surprises. Hiring a certified home inspector is crucial to ensure you’re not stepping into a money pit. Negotiating the purchase price can also help you secure a better deal. How can you ensure that the renovation costs won’t exceed your budget?
Good morning, in order to make sure that our budget calculations are not wrong, to before estimating an accurate quote on a property, we go out and do several inspections (usually 2, but if needed even more with the necessary technicians depending on the internevent), we always request cadastral sheets and look for as much information as possible about the history of the structure and if there are structural interventions to be done, always specialized technicians for that given intervention.
To date, we have never gone outside the calculated budget
Reforma Vivienda es una empresa líder en el sector de las renovaciones y construcciones en Tenerife, con un fuerte compromiso con la innovación, la calidad y la sostenibilidad. Nacida en 2008, la empresa amplió su experiencia en Italia y Suiza antes de llevar su know-how a las Islas Canarias. Su enfoque en la sostenibilidad la distingue de otras empresas del mismo sector. Los proyectos realizados por Reforma Vivienda destacan por su calidad y atención al detalle. ¿Cómo ha influido su experiencia internacional en la calidad de sus servicios en Tenerife?
Buenos días, todo nuestro equipo (incluidos fontaneros y electricistas) es completamente italiano y todos tienen muchos años de experiencia en el sector. Optimizamos el tiempo y los materiales de construcción. Nuestro asesoramiento al cliente es de 360 grados, tratando de optimizar el resultado de acuerdo a sus necesidades, evaluando cada detalle (como el aislamiento acústico de la estructura existente).
nuestros técnicos estudian la mejor forma de optimizar los espacios interiores utilizando pladur y aislamiento. Para cada proyecto individual, se presentan 3 tableros técnicos, que se discuten y deciden con el cliente:
1 Distribución interior de las paredes
2 Disposición de la instalación eléctrica y de fontanería
3 Distribución del mobiliario
Que una vez aceptados, el cliente firmará para su aprobación. Todo ello garantiza al cliente claridad y rapidez de ejecución (último trabajo: 3 séptimos para transformar 70 metros cuadrados de oficina en un piso con 2 dormitorios y un cuarto de baño)