Are you wondering whether buying a flat for renovation makes sense? See what are the advantages and disadvantages of buying a flat for renovation. Check what to pay attention to before you decide to buy a house for renovation.

Lower price of an apartment to be renovated

The undoubted advantage of buying a flat for renovation is its price, which is usually about 20% lower than the market prices of properties of similar size located in the same area. Therefore, purchasing an apartment for renovation is a solution often chosen by people with a limited budget. Purchasing this type of apartment allows you to enjoy a very good location - often very close to the center, close to parks and public transport stops.

Possibility to create an arrangement from scratch

For many buyers, a very significant benefit when purchasing an apartment for renovation is the ability to arrange the rooms from scratch. This means that the new owner decides what materials will be used to finish the rooms. When renovating an apartment from the very beginning, we can choose the type of flooring and other basic and durable elements. An apartment to be renovated offers great opportunities in terms of creating unique arrangements. Moreover, we can design the interiors in such a way that the entire property is fully tailored to our individual needs.

Mieszkanie do remontu jako inwestycja

Apartments for renovation in Kielce and other Polish cities are often purchased with the intention of resell them later for a higher price. The buyer increases the value of the property by renovating it and then sells the property for a profit. Sometimes he also decides to rent an apartment. An important issue is the correct estimation of renovation costs. In the opposite case, the rate of return will not be as attractive as previously assumed.

Estimated renovation costs

People interested in renovating an apartment may have difficulty estimating the renovation costs. This situation applies especially to those who have little to do with the construction industry. Even though houses for renovation are often purchased at a very bargain price, it may turn out that the renovation works will significantly strain our budget. Ultimately, we may even pay more than if we purchased a property that is in a condition that allows us to move in almost immediately. Renovation costs depend on both labor costs and the materials used.

Building condition assessment

Before we decide to purchase a property for renovation, we should carefully assess the condition of the rooms and the entire building. It is worth remembering that unexpected problems may arise during renovation works, which is especially related to apartments located in old tenement houses. Particular attention should be paid to issues such as heating, plumbing and ventilation.

Inability to move into the apartment quickly

Kupujący nieruchomość do remontu, powinni być świadomi tego, że remont może znacznie rozciągnąć się w czasie. U polecanych fachowców dostępne terminy są zazwyczaj bardzo odległe, a dodatkowo należy wziąć pod uwagę ewentualność wystąpienia niespodziewanych problemów, które mogą sprawić, że czas remontu przedłuży się, a tym samym będziemy musieli zaczekać na moment, w którym możemy nareszcie wprowadzić się do nowego mieszkania.

Apartment to be renovated – what should you pay attention to before buying?

• Technical condition of the premises and building
  A thorough assessment of the technical condition of the property, including all installations, is a key issue that will largely determine the costs we will incur when renovating the apartment..
• Neighborhood and area development plans
  Although the area around the premises may seem very attractive at first glance, let's find out whether any specific investments are planned near the building. Remember that some may increase the value of our apartment, while others may lower it.
• Signs of mold
  It is worth taking a closer look at the walls and ceilings. Stains, various types of cracks, as well as a musty smell may indicate dampness and the presence of fungus. Removing it may be time-consuming and expensive.

Is it worth buying a flat for renovation?

Whether we decide to purchase a property for renovation in Kielce or another city in Poland should be preceded by a thorough analysis of our needs and expectations, as well as a reliable inspection of not only the apartment itself, but also the entire building. First of all, it is worth seeking the opinion of experienced specialists. Thanks to them, we can protect ourselves from making hasty decisions and avoid unexpected problems during renovation, which could both strain our budget and significantly extend the time of all works. Since apartments for renovation are most often purchased because of their attractive price, special attention should be paid to a careful analysis of the costs incurred. This kind of estimation is not a simple task. Therefore, if we do not have much in common with the construction industry, seeking advice from proven specialists is of paramount importance.

Buying an apartment for renovation may turn out to be a very good decision. Especially when we want to design rooms from scratch. The ability to create an arrangement that is very tailored to your needs is a very tempting option for many people.  Moreover, this type of residential premises can be purchased in very attractive districts that are perfectly connected with the rest of the city and are also adjacent to city parks, shops and restaurants..

Do you think that buying an apartment for renovation is a perfect option for you? Please contact Ckdom.pl Real Estate Agency. Purchase of an apartment for renovation in Kielce, sale of an apartment for renovation in Kielce, as well as rental of an apartment in Kielce and the surrounding area. We invite you to familiarize yourself with our wide range of services. Join the group of satisfied customers.