Why Buying Renovated Properties Can Be Beneficial For You
We all know that the preference for a home is down to one’s personal taste, what works for you may not work for others and vice versa. Hence, most property buyers would prefer to buy an unfurnished home so that they are able to decide how they want to decorate their home to suit their personal tastes and preferences. However, that does not mean that buying a renovated unit is a lost cause, because there are some homebuyers who prefer a fully renovated unit for specific reasons. Here are three reasons why.
Saving your time and effort to source for vendors
We know that renovation takes a lot of time, ranging from a few weeks to even a whole year. This is mainly for extensive ones, where you will have to monitor the progress every other weekend. Not only that, you must make sure you source reliable vendors and contractors because, at times, they can really give you a headache if you do not source reliable ones. Problems will surface later if the work done is not up to a certain standard, which means you will have to come up with more money to fix these issues. Buying into a renovated unit would most likely mean that the previous owner had already checked for any defects in the first round or after living in it for some time. If you spot any defects, just voice them out to the current owner, it is their role to get them sorted out before they sell the house to you. Most of the time, they will be motivated to fix these issues to conclude the sale.
Savings in the total value of the property
Most of the time, previous owners would not include the specific renovation cost in the property’s sale price, as buyers may negotiate and say that the taste of the home’s design is not entirely theirs. The current owners would also understand this pertinent point and will usually include a discounted renovation cost in the value of the property instead of the full one.
Savings in other minute details
Renovations would usually include appliances for which we may need to fork out the cost on our own accord, which we can save if we were to buy a renovated property. For instance, a renovated kitchen would come with built-in hoods or ovens which we would need to fork out for if it were a bare unit. A renovated washroom would already have the WC, sinks, and mirrors in place. Having all these in place makes moving in much easier. Sure, there may be some details here and there that you are not a fan of, but it is easier to change these small details than to fix up the entire home.
[Image source: Image by Freepik]
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