- Assess the magnitude of the damages in the house to know if you should start fixing it or let it go.
- Make a budget and allocate funds for each section of the house that needs repair.
- Hire a professional and licensed contractor to complete the more complex repairs.
- Don’t compromise quality by using cheaper materials, as they usually have shorter lifespans.
- Renovate with purpose when you plan on selling the house, focusing on elements with significant investment returns.
Buying a new house can be an exciting but daunting task, and one of the most significant factors to consider is the house’s condition. A home requiring numerous repairs can be a challenge, but don’t let this discourage you. Proper planning and a clear strategy can transform even the most neglected properties into beautiful homes. This blog post will guide you on how to deal with a house that requires plenty of repairs and turn it into a comfortable living space.
1. Assess the situation:
The first step before making any repairs is to assess the magnitude of the damages. Walkthrough the entire house and make a checklist of all the repairs needed. This can include fixing the roof, plumbing, electrical wires, door and window frames, and paint jobs. Hire a professional inspector to conduct a more comprehensive assessment to ensure nothing is left out. Once you know the extent of the repairs needed, you can prioritize which repairs will be done first.
But if your inspector deems the house too unsafe for occupancy, you may want to start looking for another home property. You can let go of the current one by selling it and making a profit. Most people in this situation opt to sell the house property quickly to a cash buyer who can close the deal in just a few days so they can move on with their life.
2. Make a budget:
Once you have your viable repair checklist, it is time to make a budget. A house requiring plenty of repairs can be expensive, but don’t let that discourage you. Decide how much you will spend on repairs and allocate funds for each section. If you plan on staying in the house for a long time, it is wise to prioritize and pay extra attention to fixtures and repairs that will have long-term effects. Here are some areas that you should consider investing in:
a. Roofing repairs
This is one of the most critical elements to consider, as it will provide protection from the elements and prevent water from entering your house. Invest in quality materials, as this will help you save money on maintenance costs in the long run.
b. Plumbing repairs
Faulty plumbing can cause problems and lead to costly water damage. Make sure that all the pipes are in good condition and working correctly.
c. Electrical repairs
Electrical wiring problems can be dangerous if not addressed immediately. Have a professional electrician check the outlets and switches to ensure everything is up to code. They can also advise you on energy-efficient upgrades if needed.
d. HVAC system repair
If your HVAC system is not in top shape, your energy bill can get out of hand. Make sure to check the filters, ducts, and vents to make sure that they are in working condition.
3. Hire a professional contractor:
Some repairs may be straightforward to fix, such as repainting and changing bulbs, but your house might require more complicated repairs. Hire a professional contractor with a good reputation and proper licenses to complete the more complex repairs. The contractor should also have experience dealing with houses that require plenty of fixing and must be able to work with your budget.
4. Don’t compromise quality:
With a limited budget, using cheaper materials to fix your house may be tempting, but remember that they may have short lifespans. In the long run, this will be more costly, as you must regularly replace these materials. Always work with your contractor to source affordable, high-quality materials that stand the test of time. Look for products with warranties, as this can save you from unnecessary costs down the line.
5. Renovate with purpose:
If you plan on selling the house, remember that renovations should be done with purpose. Focus on changing and fixing aspects that have significant returns on investment, such as the kitchen, bathroom, and curb appeal. Renovating with intention will increase the chances of getting the house sold faster and at a higher price.
Dealing with a house that requires plenty of repairs can be overwhelming, but it is possible to fix it into a comfortable living space with the right approach. Getting a clear understanding of what needs to be fixed by hiring a professional inspector, making a clear budget, and working with reputable contractors are all steps in the right direction. Additionally, not compromising on quality, renovating with purpose, and focusing on fixtures that have significant returns on investment will improve your house’s value and ensure a comfortable living space.