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Rookie buyers looking for an affordable home may purchase one in need of repair in hopes of turning it into the house of their dreams. But an extensive rehab can quickly become the stuff of nightmares.
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1. Figure out exactly what you want before you start. Do you only want to remodel the kitchen and master bathroom instead of the entire house?
2.. Shop for what you need before beginning the project. Sweeney suggests making as many decisions about the look of the house and materials you want early in the process. This will help you get a better sense of your budget before you start. Prioritize what rooms or items are most important to you as you shop.
3. Beware of the neighbors. If you’re doing a big renovation, you may want to inform your neighbors and apologize in advance for any inconvenience. It’s important to keep the construction site as secure as possible, such as fencing it off with a “no trespassing” sign. It’s a good idea to let the entire block know and remind neighbors about the dangers of a construction site.
4. Check everything. “This is something I can’t emphasize enough: Check each invoice, list of materials, quotes, and anything else”. Chances are something will be wrong, and problems found early are much easier to fix.
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Danette O'Neal, PhD 