A question that future owners of a property to renovate, often ask is the following:
I’d like to buy a property to renovate but I have no idea what the renovating costs could be. What can I do to avoid a wrong purchase?
In fact: estimating the costs necessary to renovate a property isn’t easy at all if you don’t have any technical experience or background. You may have an impression about the needed works and costs but experience learns that mostly this impression doesn’t corrispond with the reality.
A building engineer, architect of geometra can answer your questions such as:
- what’s the cost for renovating the wooden floors?
- how much do I have to calculate for changing the windows?
- what’s the cost for realising another bathroom?
- Can I get rid of the humidity in the wals of the living room?
- etc.
I suggest future investors, buyers of a renovating property to ask advice to an expert before making an offer. This expert, mostly a building engineer, an architect or a geometra, can give you a more realistic image of the renovating works, costs and necessary time.
A simple, non detailed estimate of the costs of about 200 € can save you a lot of time and costs. Furthermore this small investment can be very important when you have to negotiate about the asking price.
For example: is the asking price 250.000 € but you can prove that the renovation costs mount up to 40.000 € indeed of 20.000 € (suggested by the agency) then you can make an offer of 210.000 €. Another advantage of the estimate, prepared and signed by an expert is that it has more value than your ownmade estimate.
A simple small investment of about 200 € before the purchase of a renovating property can save you thousand of euro’s. Money that you’d rather like to spend for renovating your property I guess!
From living in tuscany, post A simple small investment of about 200 € can save you thousand of euro’s.
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