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Published on: 20 Jun 2019 by certificationssoul

Renovation of an old house - is it worth it?

Buying an old house can be an alternative to traditional construction. However, you must be prepared for a completely different type of investment, prepare for a general renovation, costs and ... surprises. On the other hand, an apartment in a decade-old building is an extraordinary experience. What expenses do we have to count on, what to replace and where to start the renovation of an old house?

Choosing and buying a plot, building permit, commencement of works and a number of other issues - all this must be taken into account when building a house from scratch. Not everyone wants to go through this process and decides to buy an old house. This type of development is definitely cheaper, but at the same time it involves the renovation, sometimes smaller, but very often general. It is worth knowing what costs to expect, to better plan your work and control your budget. Especially that the expenses, for such renovation can significantly exceed those for the construction of a new home. The cost of renovation consists of several factors: the volume of the building, the number of stories, the technology of execution and the degree of complexity of the body. To this should be added materials, the manner of carrying out the renovation and the location where the works will be carried out.

Before you decide to buy

Renovation of an old house in the countryside or in a smaller city is associated with costs. Smaller or larger but unavoidable expenses depend mainly on the condition of the building. Therefore, if we wonder how much renovation will take, we need to carefully inspect the building before the final purchase decision. In another case, it may turn out that one fault will entail the other and ultimately the cost of renovation will be completely unprofitable. In this situation, it is possible that we will be forced to demolish the old house and start building a new one. Expenses that we must spend on renovating an old house are always difficult to estimate. From the beginning, it's best to set up a budget for unforeseen costs. To this end, let's add to the calculation of min. 20% reserve cash.

Renovation of an old house - the scope of work

Some elements requiring renovation will be more expensive than others, so it's worth taking a close look at them, thanks to which we will save you some unpleasant surprises at the renovations Auckland stage. If at the very beginning there is a suspicion of problems with any of them, it is better to seriously consider the profitability of the purchase. One of such nuances is the supporting structure of the building. Let's look closely at the walls - from what material they were made, whether they show cracks or damage, moisture, mold or fungus. In very old houses, the walls are the reason for the total demolition of the building, which is why it is so important to check their quality. The second most important point is the roof - it may only require replacement of the roofing material or a comprehensive change of the truss and cover. Then the renovation completely ceases to pay off. At the inspection, let's choose an experienced architect or contractor who knows what the renovation of an old house means from his own practice.

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