Whether you have just inherited a derelict property from a recently deceased family member or you want to revamp your aging home, putting in the effort and giving a dated property a makeover can be incredibly rewarding. Unfortunately, the road to renovation can be costly and many people end up wasting a lot of time focusing on the wrong features. Luckily, a few touches here and there can totally transform an outdated space. Here are a few top tips to help you renovate an old home.
Is it Worth It?
Before you do anything else, you need to ask yourself if your old home is worth the trouble or if you should just cut your losses and find a new property. The cost of renovation is dependent on the type of work you need to do to your property and whether you intend to hire a helping hand. Ultimately, renovations and repairs can end up costing you tens of thousands of dollars. If your home has sentimental value and you truly see yourself living there for a few more years, you should create a renovation plan and put together a realistic budget.
Replace the Floor
A brand-new floor can completely revitalize the aura of an aged property and give it a fresher feel. Replacing the floor in rooms with the most footfall is a great place to start. Kitchens are a popular area in most households. They are used to create delicious meals, and are also used for entertaining. Replacing the floor may sound like a costly investment, but taking the DIY approach and installing the flooring yourself can save you a ton of money.
With a bit of capital, old homes can be renovated and rented out for a profit. If you are looking for private lenders near me, Sachem Lending is one example. Real estate finance companies specialize in hard money lending and their experts help real estate investors fund their investment. From acquiring a new property to renovations and rehabilitations, they can offer finance solutions that suit individual needs.
Add a Loft Conversion
If your home is technically fine and you simply want to breathe new life into it, adding a loft conversion can help you jazz it up. For many people, the loft is a disused area that is left untouched. Instead of wasting the loft, why not transform this dead space into a practical room instead? A loft can be converted into a spare bedroom, storage space or even a room for recreational use, such as a home theater or a home gym. Not only will a loft conversion help you make the most of your old home, it might even add value to your property.
Restore Old Features
Period properties that are well taken care of can be truly awe-inspiring. With their grand foyers, high ceilings and old features, there is much to be admired with these types of properties. If your period property has fallen into disarray, why not touch up your original features? From reinstalling an old fireplace to restoring the original cornicing, there are plenty of ways to make your home charming again.
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