What to Consider When Fixing Up Your First Home
With the housing market being as competitive as it is these days, it can be hard for first-time buyers to find a property they can afford. Many first-time home buyers choose to purchase “fixer-upper” houses, properties with a lower market rate that may need a little work to become the home of your dreams. Fixer-uppers are a smart investment for many first-time buyers, allowing them to purchase homes at an affordable price and individualize them through renovations. Here are some things to consider when fixing up your first home.
How Do You Know If a Fixer-Upper Is Right for You?
While the lower price point may be appealing, taking on a fixer-upper is a big responsibility that’s not right for every home buyer. Before committing to your fixer-up, consider how much time you’re willing to commit to renovations. Drastic overhauls require time, which is something to be aware of. Renovations, including labour and materials, can get expensive as well. At Miter Renovations, we understand the limitations of first-time home buyers which is why we are dedicated to providing our clients with fast and high-quality home redesigns at an affordable price.
Another thing you may want to consider before committing to a fixer-upper is the location. Location can drastically affect your quality of life by determining your commute to work, your school district, and your access to amenities such as groceries, markets, and shopping. Buying and fixing up the most affordable house in the area may be a small price to pay to live in a neighborhood you love. At Miter Renovations, we’re committed to helping you create your dream home and we’ll work with you to bring all of your design ideas to life.
Repairs and Remodeling
Potential renovations you may want for your fixer-upper can range from minor repairs to more major remodeling. Some minor renovations you may want to consider include:
- Painting and repairing walls
- Refinishing floors, including laying tile or carpeting
- Replacing doors
- Fixing broken windows
More substantial renovations for fixer-uppers include:
- Fixing foundations and addressing structural issues
- Installing new plumbing or wiring
- Kitchen and bath remodels
- Building garages and additions
Before committing to any renovations, it’s important to consider what is essential and what is non-essential. For instance, any structural and foundation issues must be addressed before your home can be considered livable whereas new additions and remodels may not be essential right away. You can always choose to space out your renovations or choose a mix of essential and non-essential renovations to best suit your budget.
The team at Miter Renovations & Design understand how difficult and stressful owning your first home can be, especially if it requires a number of repairs. That’s why we work with our clients directly to plan and execute high quality custom renovations in a way that’s both timely and cost-effective. To learn more about our home renovation and design services and to book a consultation, contact us today at Miter Renovations & Design.