Go up the property ladder by restoring old houses

We see it on TV often enough how an old run down house becomes transformed in to a stunning home by having  porch builders construct a new porch or by renovating bathrooms  and kitchens  and have the house sell for a good price giving the owner a tidy profit. In real life this may not be as easy as it seems, but with a proper team and planning you can make it a reality.

The first step in this project is to plan out a budget. This should include the cost for the down payment of the property, mortgage payments until the renovations are complete and the property is sold (do research to find a realistic time span for this), renovation costs and an amount for contingencies.

Next decide on the location in which you will purchase. The area should be one with potential to grow and where there is a demand for housing either because of good local schools or close proximity to important places or any other such reason.

When you do purchase a house consider the areas that need renovating and what additions can be done to make the house more appealing and easy to sell.  A concrete repair could be done to the side walk and driveway to repair any damage caused by being exposed to the severe weather conditions in Chicago and to make the property appear more attractive.

Kitchens and bathrooms can be main selling factors for a house. Therefore it is important to have the kitchen and bathroom redone and fitted with modern kitchen appliances and kitchen cupboards as well as adding modern bathroom fittings and attractive flooring. If you are not a DIY expert you can hire the services of Chicago Remodeling Solutions to attend to the concrete repair and renovations.

Another important addition you can make to a house in the Chicago area is a porch, the popularity of which has returned with the demand for outdoor entertaining areas growing and more and more people are opting to add a porch to their houses. You can get ideas for porches from experienced porch builders at Chicago Remodeling Solutions.

One should look into the structural condition of the house and make sure the necessary renovations are done. The roof is a must to look into. In addition to the condition of the roofing material make sure to check on the gutters. Weak gutters could result in water seeping towards the basement of the house and damaging the foundation which can have serious consequences in time to come. If there are any problems you should immediately attend to the gutter repair in Chicago before the next spell of bad weather arrives.

————————————————————————————————————

Guest post provided by Chicago Remodeling Solutions:  Stick to the property development guidelines and attend to the necessary repairs including a gutter repair in Chicago and do the renovations required and you will be on your way to climbing the property ladder.