Posted on: Wednesday, July 4, 2018
Converting a derelict property into a beautiful home is a dream for many. But what do you need to know before embarking on a renovation project?
Renovation projects can be few and far between. When one comes on the market, many people may try to snap it up to make a profit or create their dream home.
Register your interest with your local Guild Member to hear about suitable properties as soon as they come on the market. Also, check your local auction house.
If you have seen Grand Designs, you know that building projects often go over budget. Plan realistically and have a large contingency budget.
There is a lot of legal work to do before starting a build. Check building restrictions in the area or on the property itself and apply for planning permission.
Conduct several surveys before building starts to assess the building and work out exactly what you need to do.
Who is going to project manage the build? A professional could do everything for you, or you could do it yourself. From coordinating tradespeople to liaising with the planning department, arranging inspections, organising paperwork and get everything signed off.
The Guild is a network of the best 800 independent estate agents around the country. Find out why you should choose them to sell your home.
Click here to find your closest Guild Member.
We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.