Hi all
My partner and I are first time buyers and have seen a house advertised that may be what we are looking for...once renovated. I know there may be some experienced landlords, people who do up houses as a sideline etc. out there so I need to ask some advice.
The house is well within the price of what we would be offered a mortgge for, but needs a LOT of work doing. I need to work out if we could afford all the work that needs doing on top of the cost of the house. I have not even been to view the place yet, as if it is not going to work out financially, there is no point even looking at it.
What I have been told needs doing:
Double glazing (6 windows plus a front door)
Central heating - 6/7 radiators
New kitchen
New bathroom
Possibly re-wiring
Decorating ie. carpets and wallpaper (it is a 2 bedroom bungalow with a roof extension)
Having never done/purchased any of the above, would anyone be able to give me a ROUGH figure (I know it's difficult without seeing the house and having measurements etc.) of what that would all cost, and anything else I should take into consideration before going to see it?
We are in the South East.
We are quite keen on the idea of doing up a place the way we like it, and are prepared to spend time doing it.
My partner and I are first time buyers and have seen a house advertised that may be what we are looking for...once renovated. I know there may be some experienced landlords, people who do up houses as a sideline etc. out there so I need to ask some advice.
The house is well within the price of what we would be offered a mortgge for, but needs a LOT of work doing. I need to work out if we could afford all the work that needs doing on top of the cost of the house. I have not even been to view the place yet, as if it is not going to work out financially, there is no point even looking at it.
What I have been told needs doing:
Double glazing (6 windows plus a front door)
Central heating - 6/7 radiators
New kitchen
New bathroom
Possibly re-wiring
Decorating ie. carpets and wallpaper (it is a 2 bedroom bungalow with a roof extension)
Having never done/purchased any of the above, would anyone be able to give me a ROUGH figure (I know it's difficult without seeing the house and having measurements etc.) of what that would all cost, and anything else I should take into consideration before going to see it?
We are in the South East.
We are quite keen on the idea of doing up a place the way we like it, and are prepared to spend time doing it.