Tell me I'm insane to be considering a project

[startingoveragainagain]

I'll be doing it on my own, over a long time as I can't afford to do it in one go, it's a probate so needs everything doing.

I'm soooo tempted.

You aren’t alone. We are insane. Considering the exact same thing and we are just waiting to see if our offer is accepted. Kind of letting fate decide.

How much under asking did you offer? I'm thinking I'll need to get close to asking price or even asking price :/

We have offered 5% under asking. But - it has been on the market for two years and is of non standard construction. It’s also been empty for all that time. Needs a few (4+) skips filling before anything can be renovated. We are cash buyers if the price is right. So hoping that will help although have been told by estate agents he refused a similar offer recently.

It depends how much of a project.... horrible-looking and outdated, but can live it in, probably not nuts.

Shell without a roof - nuts, but good luck to you!

We've done this, you're not insane but you do need to be realistic. The most important thing is your budget, whatever you decide add 50% because you'll need it. For every one job you see there will be another two behind the scenes. There is a shortage of good tradespeople so be prepared to wait for the best one. Good look to you, it's very rewarding but very stressful at the same time.

We've done this twice! So clearly the first experience didn't put us off!

It was horrendous both times but has meant we've ended up with lovely houses that we've enjoyed living in. We only moved out of the first because of needing to relocate for work.

I'd be realistic about what you need to do and what your limits are. Both times we've made the house watertight (ie roof works), secure (new doors and windows), safe (rewired) and warm (new plumbing and central heating) before moving in.

We've then saved up for more cosmetic things like kitchen, bathroom etc and done those when we can afford it. Although we did more second time as now we have a family it's easier to do it before moving in.

Renovation costs have sky rocketed - the first house was considerably cheaper than the second (we've already spent nearly double the cost of doing everything over years at first house on getting second one up to scratch!). We have no DIY skills so it was always going to be getting trades in to do everything. You can save a lot by doing things yourself but be realistic about how much time you have available and your level of experience.

This'll be my fourth time... The first was with my ex-husband and we did it together it was hard but a joy. The second time I did it on my own with builders as my current husband wasn't into it, The third time builders did it all because...
We are separating so this time it'll be on my own, I love a project and I think whatever I purchased i'd end up doing something even if it was perfect...