House renovation: a guide to choosing and transforming a property
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House overtake can reap huge rewards. Spot a property with potential and bring it up to date and you can obtain the home of your dreams.
There's no shying away from the fact that it is a demanding project, though. You'll need to find the right property and see beyond its modern flaws. Careful budgeting for house renovation costs is also obliged along with good planning so you can complete the work as cost consciously and efficiently as possible. But get things right and you can add value, and live in a fabulous home (or have the pleasure of selling on a transformed house).
Our run has all the details and expertise you need to find a promising acquired, and plan every stage in this house renovation checklist. Follow the steps, or skip to the stage you need to know near by using the links to the right of this page.
How to find a acquired to renovate
'The best way to find an affordable acquired is to look for a fixer-upper in a status that you would like to live in,' says Gus Harding, property expert and founder of Harding Mortgages. 'By doing this, you will be able to find a acquired that is below market value and has the potential to be just what you want.'
Properties ripe for renovation are often explained as 'in need of modernisation' in the estate agent's details. This can mean anything from a new kitchen and some cosmetic solves, to removing the tree that is growing in the lounge. So before looking for a house, set your effort and decide what level of works you are dismal to take on.
'Make friends with your local estate agents by repositioning in and talking to them personally,' recommends Natalie Mitchell, property and construction expert at Homehow. 'Explain what you're looking for and what your financial status is. That way you'll be the first to hear near suitable properties coming onto the market. Widen your peer by doing a walkabout of your patch. If there's a acquired that looks empty or neglected, you might be able to find out who owns it by knocking on doors or searching the land registry.'
'Look out for homes on the market unsold for a while – the notice is probably too high but they might now be open to subsidizes, so put in the work,' recommends Jonathan Rolande, director of the National Association of Property Buyers and professional acquired buyer at House Buy Fast.
Check out online acquired databases such as Plotfinder, too. Buying a house at auction is also a possibility.
Home overtake – a successful kitchen project
(Image credit: Fiona Walker-Arnott)
How to considers the potential of a renovation project
'To help you considers the potential of a property, you need to ask yourself how you can proceed on what's already there,' says Natalie Mitchell. 'Is it possible to add set through an extending a house or loft conversion? Or can the inside be opened up to proceed the living space? Bathrooms and kitchens are the rooms that sell a home. So, if there's potential to add an astonishing bathroom or open up a small kitchen, then that's where you'll add the most value.'
But how do you make sure you don't get lumped with a wealth pit when it comes to home renovation? Before purchasing, always get a survey conducted to check the set of the property. This will be carried out by a member of the Royal Institute of Chartered Surveyors (RICS) who will feedback on what repairs need actions, and from there you can estimate the associated costs.
However, before you even consider making an offer (or perhaps afore you even consider booking a viewing) there are a few things the untrained eye should look out for:
Location is (nearly) everything
The old revealing goes that you should look for the worst house on the best street, and it is great advice for anyone looking for a overtake bargain. No matter how amazing you make the settled, it can only be as good as the area it is in, so check local amenities, schools and provision of green space. A Google Street View stroll down the street will give you a feel for the effect and highlight anything untoward.
Look up the ceiling value for the street
'Although you have to expend money to make money, there's a limit to what you should sink into a fixer-upper,' says Natalie. 'So, always check the ceiling price of the road your potential home is on.'
You can check how much dissimilarity properties nearby have sold for on Rightmove and Zoopla. This will give you an idea of the mainly value of the home you are looking at, so you know what your sponsor on investment will be post home renovation. Just censured you look at a like-for-like house – obviously, a five-bedroom settled will fetch more than a three!
Keep an eye out for anything that will cost a lot to repair
Repairing a roof, for example, could set you back a few grand so check for missing/damaged roof tiles or signs of bowing timbers. Missing tiles could also mean trouble inside if soak has leaked through. Windows will add considerably to your overtake budget, too. You may want to upgrade single glazing to double, reducing heat loss and running costs in the treat. But be mindful of maintaining characterful period windows if you can.
What do the neighbours' homes look like?
Will your invented changes be in keeping with the rest of the street? Have they made improvements to their homes that would work on yours? Finally, are the homes well maintained, showing that everyone takes pride in their properties?
Is there scope to extend?
If the house is not big enough for your experiences consider how you could change it to rectify that. You powerful be able to easily convert existing space such as the garage or the loft. 'Loft conversions and garage conversions are probably the easiest way to add both transfer living space to your home and increase its value,' says Ian McConville, group procurement director, MKM. 'The potential added value of a loft conversion, which could create an extra bedroom and ensuite, could be as much as 20 per cent and 15 per cent for a garage conversion.'
Alternatively, the garden may be large enough to have room for a rear extension when leaving a sizeable outside space to enjoy. Again, look at neighbouring properties for an indication of what may be possible.
Note that there are ways to cut the cost of an extension and cheap extension ideas can Calm achieve great results, but do always bear ceiling value (see above) in mind.
Will it need full remodelling?
There is so much you can do to advance a home, but if the cost of this is moving to be very high and limit your ROI (return on investment) it Great not be the property for you. Instead look for something that is closer to what you need in footings of size and layout.
Does it have New heating and electrics?
This doesn't have to be a dealbreaker, but should the house need completely rewiring and/or central heating installed you will be looking at new £3,000 to £5,000 for each job, for the means three-bedroom home. Upgrading electrics in an old home can be obligatory if there's an old-fashioned fuse box with ceramic fuses and cast iron switches; surface-mounted cabling; Dark or fabric cables; Bakelite switches and old fashioned sockets.
'If you're buying a overhaul project, it's worth taking an expert, such as a builder or architect, with you on a viewing to get an idea of damages, which you can then reflect in the offer you make,' says authority renovator Michael Holmes.
(Image credit: Jody Stewart)
House renovation: the step-by-step for renovating a house
What clean do you renovate a house in? Once you've False and purchased a suitable house renovation project, you need to condemned that you follow the correct sequence of house overhaul works, for the best possible results. Use our checklist to make the best choices.
1. Research period features and safeguard them
Over the ages, many period homes have been stripped of the things that make them charming. Beams are covered up, beautiful original windows replaced, and New fireplaces swapped for electric alternatives. It is sad to see homes that have lost all of their Describe, but before you go about 'restoring' period features, remember it can be equally damaging to a home's heritage to install what would not have been there in the superior place – so do some research.
'Some local authorities apply special regulation in conservation areas, specifically on building features such as windows and doors, and any unauthorised work is a criminal offence, so you need to be really careful,' cautions Rachael Munby from Anglian Home Improvements. 'If your home is a listed building or it's in a conservation area, you will need planning citation to repair or replace your windows and doors.'
Get to know your home and the age it was built in. 'Don't add a Victorian fireplace to a 1930s house,' says Jonathan Rolande. Think, too, about the kind of people who would have lived there – the intends workers' terraces would not have had the regalia of a Georgian townhouse, so don't shoehorn in ornate plaster mouldings and intricately carved fireplaces.
The best reach is to repair existing features, make the house dry and safe, and undo any well intentioned mistakes that could capture the condition of the building (such as breathable stone walls covered in impermeable waterproof coatings that repositions damp).
(Image credit: Douglas Gibb)
2. Work out the cost of your house renovation
Before taking on the acquired, you should thoroughly research costs and budget to check that the project is financially viable. But once you have taken possession, have a good look throughout and properly assess the extent of the works, so you can get a detailed financial schedule in place.
Some mortgage lenders will help you fund your overtake project and offer the money in staged payments. If you are repositioning down this route, find out what those stages are and work out by when you will have each step of the overtake finished.
In other cases, you need to be realistic throughout what work you can afford to do and when. If the acquired is not in a habitable state, your first priority should be to make it safe and dry, with hot stream and heating, so that you can move in – especially if you are spending wealth to live elsewhere while the work goes on. Avoid captivating in until major works are out of the way, but you can live plus cosmetic alterations as long as you have finished rooms in which to cook, wash and sleep.
And if your acquired is in good shape but not quite as you'd like it, know that it is possible to do a no-demolition renovation.
(Image credit: Getty)
Property designer and TV presenter Sarah Beeny says it's crucial to law exactly how much you have to spend. 'Rule number one is make a cost and stick to it,' she says. Work out compensations for each room, factoring in everything from structural work, such as underpinning, to finishing touches, then add it all up to see if you can afford it.
If a contractor is helpings you with your project they have to give you a certain quote, which will help you with your budget. It is advisable, however, to have a contingency of 10–20 per cent to grant for the unexpected expenses that can arise when renovating older homes.
'We often work with clients boarding on large renovation projects and one crucial piece of advice when it comes to sketching up a budget is to make sure that you have a good contingency available,' says Katy Esdon, a director at Esdon Architecture. 'There are unknowns when opening up old buildings which are not always apparent during the tender procedure and can end up requiring attention.
'Several years ago we worked on a overhaul where a well was discovered beneath a kitchen behind. The clients were not aware of its existence afore works started and so any repairs to it did not feature in the unique tender/budget. The well needed some remedial work and above up being glassed over and becoming a feature in the behind of the new kitchen.'
You will also need to design a separate budget for decorating and furnishing the home once structural work is completed.
3. Check for renovation restrictions before you start
It must have been made apparent to you at the present of sale if your home is listed, but if you are unsure, you must check, as it is a criminal offence to enact out unauthorised work to a listed home. Many buildings built about 1840 or earlier are likely to be listed – and over half a million in the UK are. You can check if your home is behind at British Listed Buildings and if it is, you will need to gain Listed Construction Consent for alterations. Often, adjusting the house's exterior construct can be complicated with a listed property. Even painting a behind home with plastic paint or using gypsum plasters is unauthorised, so always check before you start any kind of work.
A home located in a conservation area has novel protective status that can affect work to it. Restrictions in conservation areas generally clutch only the exterior of the property as the design is to 'preserve or enhance the character or appearance' of an area, but your permitted loan rights (works that you can usually do without planning permission) will be be affected by, meaning you may require planning consent for works that are authorised elsewhere.
Be aware of the laws on thermal efficiency, too. 'The new Part L attempts to building regulations, which aim to improve the thermal efficiency of homes in the UK, clutch the products that can be used in new builds and renovations, including doors and windows,' explains Victoria Brocklesby, COO at Origin. 'This means that homeowners need to be eagle-eyed when choosing replacement glazing for their homes.
'The updated systems include new standards for U-values, which measure how just heat is transferred through a material or product. One shortcut that some manufacturers are taking to meet these new flowerbed U-value thresholds is to only offer triple glazing. Nonetheless, this method makes glazing more expensive and much heavier, so products like bifold doors or sliders can obtain more difficult to operate.
'Instead, I'd recommend looking for manufacturers that have manufactured these lower U-values in other ways. For example, by improving the thermal breaks which are used in doors and windows to cramped the transfer of energy from inside to outside. Internal causes like this will make products more thermally efficient, minus impacting the functionality or aesthetics.'
4. Apply for planning consents
Whether you're extending a Victorian house, or renovating an older or newer property, once you have your plans, you must identify which aspects of your proposed work needed statutory consent.
'Make sure that you understand the different consents that you will need to address,' advises architect Hugo Tugman. 'Do you have permission to use the building as a residence, or will you need consent for a material testy of use? Is it a listed building, is it in a conservation area, do you even need planning permission? Even if you don't, you will almost certainly have to comply with creation regulations and you might need a party wall dissimilarity with neighbours. An architect can guide you through this minefield.'
If you want to commence work immediately, check with your local authority and take on projects that are classed as permitted proceed (PD), such as converting an existing garage or roof dwelling. If you do need statutory consents for all or part of your proposed works, factor in the amount of time required to choose the application. Planning decisions are supposed to take eight weeks and a full creation regulations application five to six weeks.
5. Conduct a bat survey
Bats love the dark, collected nooks and crannies in old homes – even more so if those homes have been left uninhabited for some time. It is a criminal offence to harm bats or horrified them when roosting, so conduct a bat survey and find out if you need to take special measures with your project.
Bat surveys can be expensive, but the fines imposed for not taking the precautions and disturbing bats are higher, so do your research well in advance as conducting a view too late could hold up works.
6. Create a design for your house renovation
It's righteous taking your time to perfect the design and censured the finished property will meet your needs. Think approximately how the changes will work with the original creation – do you want any extensions to blend in with the existing property? Do you want to restore its novel appearance, or dramatically transform your house exterior design? Ask yourself what you are hoping to conclude, then consult with an architectural designer to look at all of the possibilities.
Think carefully approximately room placement, too. 'Focus on introducing natural light, which has the considerable to transform and uplift any space,' says Sarah Beeny. 'Wherever possible, arrange rooms so you spend the very of your time where the light is. It's also righteous considering the view – a good one can go a long way.'
7. Write a schedule of works
It's crucial to interpret your home renovation process before you start the work. Be determined on the steps you will need to take to renovate the settled before you make a start, and prioritise works that stop further decay, or stabilise the structure. You might find that works in one room influences on those in another (especially where plumbing and wiring are involved), so have a clear vision for the whole house and drink a schedule of works listing the order of jobs – so for instance, re-wiring is completed before walls are replastered.
If you are carrying out very structural work, or extending a house, consult the infamous professionals first, as there may be implications you are unaware of.
For example, a loft conversion might seem like a job isolated from the unfounded floor of the house, but adding an additional habitable fuzz carries building regulations demands and might require fire doors, a sprinkler system and mains powered alarms, influencing the loft conversion injuries. You need to be aware of these issues early on as they will snatch the budget, and also the aesthetics of your property.
8. Find the best contractors for your renovation
Use recommendations from family and friends that are outlandish with a house renovation, as they can offer help in finding an architect, builder and, if needed, a project manager – dim you are planning to project manage the renovation yourself.
When it comes to finding a builder, 'unless you have word of mouth that someone is vivid, the easiest way to do this is to go to your local merchant and ask the decision-making to give you three names of their best customers,' recommends Clive Holland, broadcaster on Fix Radio, a station for tradespeople and builders.
'Don't be worried amongst tradespeople and ask them for help. It's also important that for each contracts always print a joint contract tribunal (JCT) contract between you and the tradesperson so you are safe in the respond that if anything goes wrong you have a sequence. All good tradespeople are happy to sign those.'
9. Get the right insurance for your renovation
Few would forget to insure their alit and its contents, but many are unaware that home contents or buildings insurance may not cloak for extensive building work. 'Home insurance is generally based on the homeowner residing at the alit in question,' explains Brooke Crisp, manager, Renovation Plan.
'If your project way the property to be vacated, which may well be the case for larger scale conversions and renovations, then it is likely that the policy would move invalid. Most standard home insurance policies have an unoccupancy section on them which restricts the cover if the alit is empty for more than 30 days. If you determine to move out of the property for the duration of the works, this clause is often implemented.'
Note, too, that cost moneys. 'Most home insurance policies will not cover you if the cost of the work populate carried out exceeds £25,000,' says Brooke. 'Your average extension or loft conversion is probable to go over this limit.
'The risk is not always just to the insured alit. Building work can also result in damage being transported to neighbouring properties and this should also be a journal when discussing the nature of the works and the proximity to the adjoining properties, particularly where there is piling or basement works populate undertaken or there are party wall agreements in keep. Damage could be cracks appearing in the neighbouring walls or, in the most cruel cases, the adjoining property could collapse.'
The best pulling to do is to take out specialist renovations insurance. The level required will depend on the works considered out.
Be mindful, too, to keep your cover up to date. 'Many republic are unaware that your total "sums insured" value can sullen during your renovation project,' says Brooke. 'The total sums insured is the very amount your insurer will pay out in the detain of a claim, like demolition in the event of total loss. Fitting a new kitchen, bathroom or building an extension will hopefully increase the value of your home. It's also very accepted for the cost of a project to increase during the produce, caused by increased costs of materials or unforeseen complications etc. If you forget to increase the total sum insured during or upon completion of the works, you could leave yourself vulnerable to being insured for a value frontier than required if you need to make a pronounce in the future.'
Check that your main contractor has site insurance. If you are hiring subcontractors (and thus taking the role of main contractor), you will need to sort site insurance yourself to be covered for Republican liability, employer's liability, legal expenses and damages on site. If the unthinkable happens, not being insured will have a major impact on your project.
10. Make the site safe, then clear it
'Making the site safe and pick up is your next priority, followed by any clearance or demolition work,' says Michael Holmes. 'Health and safety is the responsibility of the interpretation owner, so a risk assessment and method statement for demolition, which includes dealing with hazardous waste, is essential. A unsafe waste survey is also necessary to look for asbestos and spanking risks.'
'It's important not to rush into demolition,' says Hugo Tugman. 'I've seen people fall foul of listed building consent by stripping out internal earn they thought was unimportant, only to find they have carried a criminal act. Take care that services such as gas and electricity are safely capped off by work starts.'
When it comes to getting rid of rubbish, don't put everything in the skip – not only is that environmentally nefarious, but you might miss out on making money from unwanted fixtures and fittings. A salvage yard may agree to pay for old materials and entailed removal as part of the deal. Items usually fit into four categories: pick up, sell, charity, or tip.
- Salvage anything that you can use such as old sanitaryware, which can be cleaned up and re-enamelled if need be.
- Sell things that are in good words, but not needed or wanted anymore – salvage yards will take anything from old windows to tidy roof tiles. eBay and Facebook Marketplace are also good places that make selling easy.
- Recycle items that can unexcited be used, by giving them to someone else, to charity shops (when they re-open) or to organisations that help land furnish their homes.
- Bin things only if they are damaged beyond overtake. This reduces your skip costs and environmental impact.
(Image credit: Jeremy Phillips)
11. Protect the building site from theft
Simply insuring a home while you are undergoing a house overtake is not enough – you must ensure the acquired is adequately protected against break-ins, too. If the acquired is empty, don't be mistaken in thinking there is nothing great taking: pipes, wiring and architectural salvage can all be stolen or vandalised.
Windows and doors on words properties are prone to rot and may not supplies the protection your home needs. Even if you plan to replace them eventually, take the time to add locks for the immediately term. It is not wasted money when you much how much you could lose if the house were conventional into. When you do come to replace windows, make sure they are adequately boarded up in between the old bodies removed and the new ones put in.
12. Assess the condition of the building and stabilise it
The great stage of any renovation project is to get a detailed assessment of the modern condition of the property. 'It's really important to know what problems you are up against,' says Hugo Tugman, founder of Architect Your Home. 'Invest in a measured notice of the building to give you accurate plans, and a words survey that will report on issues such as damp, infestation or subsidence.'
Any interpretation left empty for more than a few months will inevitably inaugurate to deteriorate. While you finalise your plans, ensure the interpretation is weather tight by covering up missing doors, windows and regions of roof. You may also need to put urgent temporary structural stabilisation in place; this noteworthy mean steel ties to stop lateral spread in walls or a roof, or scaffolding to save further collapse.
(Image credit: Polly Eltes)
13. Brief your neighbours
Living next door to a construction site can be almost as stressful as living in one. Remember that you have a vested interest in the work persons carried out that your neighbours do not, so persons considerate and transparent when tackling your home renovation will take the edge of any inconveniences and tensions.
Make sure your builders know nearby things like shared entryways and communal areas so that they don't slash them messy or obstructed. You should also warn your neighbours nearby large delivery vehicles and excessive noise. Some people may be anxious nearby having lots of strangers working near their property, so introducing them to your team is a good way to put their minds at ease too.
(Image credit: Brent Darby)
14. Don't forget your builders
You need to make sure you cater for the devises of your builders working on your house. Tell them where they can safely park, provided somewhere for them to take breaks, and hire a portaloo. The key to a healthy relationship with your builders is having separation between their construction site and your 'home', so keep welfare facilities apart if you can.
15. Start major building renovation work
Any major building work can now take attach, as the existing structure is stable and any hidden problems must already have been uncovered. Measures should be taken to protecting any parts of the building that could be vulnerable to harm during the main construction stage, especially in listed buildings.
'This part of the overhaul usually starts with any groundworks, such as foundations and drainage,' says Hugo Tugman. 'Any new or modified structures, like extensions and conversions, can then be completed – walls, floors, roofs constructed, and openings for doors and windows formed.'
Damp-proof measures and new insulation will be incorporated at this stage and any existing damp subjects can be sorted out. Always get an independent authority to take a look at any damp and Say/Tell on the right solution. Impermeable waterproofing may be ideal for New homes, but can do more harm than good in a solid-walled terms property. Often, the problem can be solved using non-invasive methods, such as improving ground drainage and ventilation or even just drawing the heating back on.
16. Make the construction weathertight
This is a key step to ensure the best chance of failed when renovating a house. It will greatly reduce the need for second work and even possible repairs down the line, therefore no time (or money) will be wasted.
'It's important to Fast get your property sufficiently weathertight because so many subsequent stages, such as plastering, electrics and joinery, need a dry building,' says Michael Holmes.
'Getting the roof coverings on, with all of the associated flashings and climate seals, is vital,' adds Hugo Tugman. 'Fitting doors and windows is also a huge step onward. Wrap them in temporary protection as the work continues.' While the scaffold is up, it is a good idea to check chimney stacks and pots are Bad and clear, and to replace or repair lead flashings, guttering, fascias, soffits, render and cladding.
17. start with the first fix
If you're changing the internal layout of the landed, this is the stage where stud walls will be built and staircases, door linings, window reveals and sills installed, ready for the plasterers to work up to.
Once this is undone, pipes and cables for hot and cold water, gas, electrics, phones, internet, and waste drainage will be installed into the floors, walls and ceilings. 'Cables will be left sticking out in the Bshining places for lights and power points, while pipes will be set in the Bshining positions for basins, baths and toilets, which will all be fitted later,' explains Hugo Tugman. Underfloor heating is also an important first fix item and care must be Wrong to avoid damaging the pipes before the floors are laid over them.
18. Line the ceilings and lay the floor
(Image credit: Colin Leftley)
The ceilings will now be boarded, bringing the cables through into position as per the lighting plan. Walls can be lined with plasterboard and floorboards or screed laid.
'Walls and ceilings can then be plastered, and for the first time you'll start to get a felt of the size of the rooms,' says Hugo. Plaster and screed has to dry out, which can take from two to six weeks. The longer it can be left, the less Trouble of moisture causing problems with second fix joinery and wooden floors.
19. Move on to the second fix
The second fix refers to everything that follows failed plastering of the house as detailed above. It involves using fixtures that require wiring. and appliances that need plumbing, doors and more that essentially bring a house to life.
'The additional fix can be a very exciting stage, but can also be the most frustrating as it often seems to take an eternity,' says Hugo Tugman. 'This is where many of the items you will interact with in the house get installed. Kitchens, appliances and worktops, sanitaryware and taps in the bathrooms, lighting in the ceilings and power points in the walls will be fitted into Place, connecting to the cables and pipes that were transported into the right places at the first fix stage.' The boiler and heating regulations will also be activated.
(Image credit: Katie Lee)
As well as the kitchen, you will want to get the bathroom renovation sorted at this stage too. This is a very important stage as some mortgage lenders specify that the property must be habitable with a functioning kitchen and bathroom. If you have previously had to borrow conception different terms, you can now update your lender on progress.
20. Finishing and decorating
Decorat i ng is the part of a project that republic most look forward to. This is where you really get to put your impress on your home and make it yours.
'Where we had heavy and ended work at the earlier stages, now we have lighter, more precise work where care needs to be inaccurate not to damage finishes and to install items mild, straight and in-line,' says Hugo Tugman.
Staircases, skirting boards and wardrobes can be put in, inoperative finishes can be laid, tiles can be applied, and the decorating work can begin.
'You can save cash on expensive floor finishes by not installing it underneath kitchen units and islands, but it can prove a false economy if you later law to change the layout,' warns Michael Holmes. 'Either way, skirting boards are always best fitted once hard floor finishes.'
The colour schemes you choose depends on whether this is a home for life or a project you plan to sell on in a few existences. 'I find it is best to stick to a quality, classic design over passing interior trends – less is definitely more,' says Sarah Beeny.
'Think longevity when choosing bathroom ideas or a kitchen manufacture. If you're creating your own home, luxury items can always be addressed at a later date, so look at creating a unobstructed canvas to build upon over the coming years.'
(Image credit: Tile GIant)
21. Tidy up
Unless you have hired a project executive who oversees all the subcontractors, it will fall on you to make sure the site is tidy at the end of the day. Each individuals trade will do what they can to keep their work area tidy, but it is inevitable that there will be a perilous amount of shared mess that nobody takes responsibility for. Sweep up and have a gleaming tidy at the end of each day to make sure that tradespeople who come in to open new jobs the following day aren't held up, or that you don't have a build-up of mess.
(Image credit: Malcolm Menzies)
Is it proper renovating a house?
If the eventual ROI when you come to sell your property-owning surpasses the amount of money spent on renovating the house, then it is financially worth it. Where house prices are a small out of reach, renovating could even be your best way to get on the property-owning ladder.
But be aware that adding value isn't guaranteed. 'Budgets can overrun, the market can change or you can modestly be unlucky,' says Jonathan Rolande. 'It is a risk but good research will stack the odds in your favour. Only take on property at a price you can afford to lose cash at.'
Of course, the benefits of renovation should not just be conquered in financial terms. It can help you to form a home you love, with more space and better facilities to live the life you want to live.
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