The top 3 things to look for before purchasing a home planned for renovations
Purchasing a home can be an exciting time - whether it’s your first purchase or one of many, there are various reasons why you would be moving. One growingly popular reason is simply to invest in tomorrow's market at today’s price - which could leave you renovating, updating or curating a home for future buyers with aesthetic updates.
Whatever the case may be, if you’re buying a home strictly to renovate, there are a few tell-tale signs you should look for before placing your offer. Here are the top 3 things to looks for before purchasing a home planned for renovations that you can do without an inspection.
Once the offers in, its generally 1-3 days before you hear back from the sellers. The best thing to do is to be prepared for what comes back on the piece of paper. A lot of times when it’s the family of the primary homeowner selling their house (which are often times the best ones to renovate - both cost and potential to update), they will strike out any warranties offered on the home. Since they aren’t primary
Two: Property survey
Property surveys are key to houses being renovated especially when an addition or backyard construction is planned for the home. Property surveys allow the new homeowner to be informed and liable for its property lines and what lays within them. They can also help speed up projects to your backyard such as re-siding your home, adding a deck or fence, backyard structure or new landscaping.
At Premier Fence, a Boyer-run business for over 90 years in the Kitchener-Waterloo region, they suggest that a property survey be the guideline of all outdoor work done on a house. “We see a lot of neighbor rivalry in our outdoor construction projects. It comes down to what land you own, where your property line cuts that off and ensuring that nothing is obstructing or shadowing your
Whether it’s a fence or deck or a tree that’s leaning the wrong way - property surveys can help you make informed decisions to keep your yard safe, your neighbors happy and the outdoor of your home the least of your renovation worries.
Once you have your property survey in hand, it’s always good to ‘scope out’ the neighbors next to your new house. While noise by-laws vary from city to city, it’s good to assume that most people will be out of their homes
My name is <name> and I am your new neighbor at <address>.
I am writing you to notify you that we will be starting renovations on <date> for about <project length>
That being said, we will try our hardest to be respectful of the noise on weekends and evenings - but if you ever feel like there is an issue and/or complaint to be made - please do not hesitate to contact me at <phone number> or <email>.
We will work our hardest to respect noise levels and upkeep the beautiful surroundings that are here. Thank you in advance for your patience and understanding for any potential inconvenience we may cause.
Hope to see you around the neighborhood.
Whether it’s before buying your new home for renovation or after the deals been finalized, it’s always good to look at the warranties, property surveys and consider neighbors before getting started.
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