Have you been thinking about purchasing a fixer-upper property in Calgary? With a fixer-upper you can take any house and turn it into your dream home. Include all of the features and finishes you want and none you don’t. Before you open your wallet, make sure you follow this checklist to find the right fixer-upper:
✓ Speak with a Real Estate Agent
When you purchase a fixer-upper, you’re really investing in the neighbourhood. Speak with a real estate agent who is familiar with the history and present state of the community. They can let you know about factors (like new property development in the area) which could have positive or negative effects on the resale value of the home.
✓ Home Inspection
You should only invest in a fixer-upper that has good “bones.” If there are major structural issues, the costs to fix them can quickly spiral out of control. Cosmetic concerns, on the other hand, can be addressed with ease when placed in the hands of a qualified home renovations team like Tri-Link Builders. Always schedule an extensive home inspection to find out if the repair costs make it worthwhile to buy the home.
✓ Design Plans
If you are renovating a fixer-upper so you and your family can enjoy the home for years and years to come, then the sky’s the limit in terms of upgrades. Reward yourself with a gourmet kitchen, a modern bathroom retreat, and gorgeous wine cellar. If the home is more of an investment property, then you probably don’t want to upgrade the home too far beyond the standards of the neighbourhood. Keep customizations to a minimum if you plan to sell soon.
✓ Contractor Estimate
You can request an estimate from the Tri-Link home renovations team. We’ll let you know how much it will cost to fix existing issues, and how much your desired upgrades should cost. We pass our builder pricing on to you as the customer and offer the best management fee in the business. We provide you with transparent pricing with no hidden fees, so you know what you’re getting. We can work with you to create a dream home that makes sense for your budget.
✓ Organize Your Finances
When you buy a fixer-upper, you need to have your financial ducks in a row. For one, you need to down payment for the purchase, and enough funds to bankroll the renovation project. You also need somewhere to stay during the renovation process, so make sure you account for that as well. Give yourself some wiggle room to help the project run smoothly and get you into your new home faster.
With your budget in place and your design plans complete, the Tri-Link home renovations team can get started on turning your fixer-upper into a dream home.