Buying a Fixer-Upper: Key Considerations

Purchasing a house that needs renovating, often referred to as a fixer-upper, can be an exciting opportunity to create your dream home while potentially adding value to your investment. To ensure a successful renovation journey, it’s important to approach this type of purchase with careful consideration and enlist the support of a reputable contractor. In this blog post, we will explore the key considerations to keep in mind when buying a house that needs renovating and highlight the benefits of working with LMG Home Improvements, a trusted contractor experienced in renovation projects.

1. Assessing the Scope of Renovation

Before buying a fixer-upper, it’s crucial to evaluate the scope of renovation required. This blog post could discuss the importance of conducting a thorough inspection with a professional, such as LMG Home Improvements, to identify any structural issues, plumbing or electrical concerns, or other major repairs. With their expertise, LMG can provide insights into the feasibility of renovations, offer suggestions for optimising the space, and estimate the budget and timeline needed for the project.

2. Setting a Realistic Budget

Renovating a house can be a significant financial investment, so it’s essential to set a realistic budget before purchasing a fixer-upper. LMG Home Improvements can offer support to customers during the budgeting phase. They can provide an accurate cost estimate based on their experience, help prioritise renovations within the budget, and recommend cost-saving alternatives without compromising quality.

Understanding Your Skill Level and Time Commitment

Renovating a house requires a certain level of expertise and time commitment. It is essential that the buyer honestly assesses their DIY skills and available time before buying a fixer-upper. Working with LMG Home Improvements, a trusted contractor with a team of skilled professionals. LMG can handle the complex aspects of the renovation, ensuring that the work is completed efficiently and to a high standard, while allowing homeowners to focus on other important tasks.

Researching Local Regulations and Permits

Renovation projects often require permits and compliance with local regulations. LMG Home Improvements, who are well-versed in local regulations and permit requirements can support with this. They can navigate the intricacies of obtaining permits, ensure compliance with building codes, and handle any historic or conservation restrictions that may apply, saving homeowners time and potential headaches.

Considering Potential Return on Investment

While renovating a fixer-upper can be a labor of love, it’s essential to consider the potential return on investment (ROI). Using a reputable contractor with agreed costings at the outset will support maximising the ROI of renovation projects. With their experience and knowledge of the market, LMG can provide guidance on renovations that offer a higher ROI and suggest design choices that align with current trends and buyer preferences.

Buying a fixer-upper that needs renovating can be a rewarding venture, but it requires careful consideration and the support of a reputable contractor like LMG Home Improvements. By assessing the scope of renovation, setting a realistic budget, understanding your skill level and time commitment, researching local regulations, and considering the potential return on investment, you can make an informed decision and embark on a successful fixer-upper renovation journey. With LMG Home Improvements by your side, you can rely on their expertise, professionalism, and commitment to delivering exceptional results that transform your house into the home of your dreams.

martin jones

2022-10-19

Arranged for quote. No show, no courtesy call. Would not recommend

Stephen Gimblett

2022-10-18

Lmg did a superb job in renovating our old tired house into a modern looking house . Matt and Wayne were excellent to deal with. The work boys are super friendly and helpful. JAMES AND JOHN window Men were superb 👌

Jan Pearson

2022-09-05

We have waited a very long time to get our house sorted. After several unsatisfactory visits from other firms and pandemic delays, we found LMG. We are very glad we did. They were very professional from the survey through to the finish. The end result - our house looks like new. We have had so many people comment on how great it looks. I didn't know what to expect, but it exceeded my hopes. Wayne was amazing. His help, support and patience were much appreciated, especially with our 'awkward neighbours'. A potential problem was averted and we are grateful to all at LMG for working this out for us. The boys who did the job (Mac and Jay) were polite and friendly and very accommodating, they worked really well as a team, took pride in their work. So hardworking - a refreshing trait these days, also did some additional small jobs for us. Our neighbours even commented on how hard they had worked. The work they did was to a high standard in every aspect. They, along with Wayne, kept us informed of timescales and any issues that needed to be resolved were done without hesitation. Nothing was too much trouble. As my husband works away it was important for us to have confidence and trust in the team. I was happy to go out and leave them knowing that they would just get on with things. At the end of the job everything was left shipshape and a few very minor issues dealt with immediately. We would have no hesitation in recommending LMG. Thank you to all who worked with us on this project especially Wayne, Mac and Jay.

Anthony Hall

2022-08-26

External Wall Insulation,(EWI) with replacement doors and windows, soffit, downpipes and guttering. Had a complete external renovation of our old house. From the initial quote with Matt, then Nicky, right to the finish was great. The results are fantastic.The outside of our home now looks like a new build, thanks to; Wayne, Tom, Kyle, Mike, Lee, Lloyd, Connor, Rob and Ash. We had to wait a long time to get the job started, but well worth the wait. Wayne kept us informed, and was easy to get hold of, and calling the office was refreshingly professional throughout. When they said they would call us back they always did. Would recommend LMG for a great local company, that takes pride in their work. There were small issues, which when questioned were resolved immediately, and I am very particular. Tidy workers, polite, respectful and friendly. The windows and doors were removed and installed incredibly quickly and no issue was a problem that James and his team couldn't solve, overall a great job done. Thank you LMG.

Donald Morgan

2022-07-21

The workmen arrived on time each day and completed the job within the timescale agreed. They were polite and cleaned up at the end of each day.

Donna Wadley

We had our cavity wall installation removed and was kept informed every step of the way . The work carried out was extremely professional, done quickly and to the agreed time . Would definitely recommend your services.

A. D.

2022-07-20

Cavity Wall Extraction. From the first contact with LMG they understood the problem with our wall and took the time to explain why we had the problem and how it could be solved. Their knowledge and patience in explaining what would happen, gave me the confidence to proceed with them to the extraction of the cavity insulation. The work was carried out professionally and after they had finished they cleared away any debris and even washed down the drive.

David Pugh

2022-06-11

Initially I was struggling to get firms to even engage with me about getting External Wall Insulation (EWI) and re-rendering on my property but then luckily I found LMG. The initial survey was performed on the day and time as promised, communication and options about the work were clear and well communicated and all my questions answered. I immediately felt like it was a company I could trust and would get the work done to a high standard. There was a wait for the work to start but that was not an issue - the estimated start date were accurate and communication coming up to the start of the work was good. The team undertaking the work were friendly, polite, good natured and committed to doing a good job. Their work was to a very high standard and always kept me informed of progress, answered any questions myself or the building inspector asked, kept the area clean and were quiet and respectful to neighbours. I chose to get this work done for primarily functional reasons - improved weather resistance, increased insulation - but the visual impact of the work has really impressed me and the finish is excellent. I am very happy with the job and interaction with LMG and I have already recommended them to others.

vivien bowyer

2022-06-10

We are an end of terrace house and had the outside insulated. The workmen were efficient, polite and obliging, and cleared up after themselves each day. Nothing was too much trouble for the office and i nagged them with queries before deciding to go with LMG. We can heartily recommend the company.

Giuseppe Sipiano

2022-01-07

We had our loft insulated more and from the initial consultation through to the works performed we was very impressed with the quality of work, and also the communication with us. I would highly recommend using them.