Unlike an occupied property, it doesn't take long for an empty one to deteriorate and become shabby. If you own an unoccupied property how much would you be willing to spend to get it back to its former glory and a viable asset? If the answer is 'not a lot' then we have some handy hints on how you could look to renovate it on a budget.
8 handy hints
- The biggest expense will probably be any structural issues. However these are a must in order to protect the building from the elements. If not addressed any ongoing damage could end up costing you more in the long run and could affect the value of the property.
- Check your local council for grants about renovating an empty property, and also green initiatives like cavity wall and loft insulation.
- Consider asking friends and family to help with some basic DIY – painting and wallpapering. Some people are happy to help paint a room and it can save you time and paying a professional. Don't forget that you may need to reciprocate at some point!
- Buy in bulk where you can – you may like to see if your local DIY supplier will give you a discount or has a loyalty scheme.
- Check out auction sites like ebay or gumtree or your local reclamation yard for bargains like internal doors, fireplaces, floorboards, fixtures and fittings, even floor and roof tiles.
- If the kitchen looks tired think about replacing or painting the cupboard doors or adding new handles rather than putting in a whole new unit. Or you may simply need to just replace the work surface or the tiles. A fresh coat of paint could also give a shabby kitchen a new, fresh look.
- Do the same in the bathroom – do you need to replace the bath and hand basin? You may be able to liven these up with some new taps. If the toilet is in good condition then try a good clean and fitting a new seat and handle.
- One expense you shouldn't avoid is suitable property insurance which provides adequate cover for whilst the building is being renovated. Click4quote.com can provide this specialist type of property insurance cover so please call us for advice.
Always think carefully before undertaking any DIY tasks and remember that you should only tackle a job if you are suitably qualified for or have been trained to do.
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