I’d really appreciate advice from people who have bought houses because they could see the potential, particularly if you knew before buying that you wanted to make significant changes to the layout/extensions.
We are considering putting in an offer for this house: https://www.zoopla.co.uk/for-sale/details/74335494/
I like a lot about this house, particularly the location and potential, but I don’t like the current ground-floor layout, and I think whether it’s worth buying depends quite heavily on whether we could successfully change it.
My ideal would be a large, light, open-plan kitchen/dining/family room at the back, but still with a separate utility room and downstairs loo. I’d also want underfloor heating downstairs.
The slightly odd part is the side extension. There is a room upstairs but the area underneath is open. I’d ideally like to enclose that area and incorporate it into the house. However, the neighbouring house is very close to the boundary (at an angle) and I have no idea whether the existing structure/foundations, planning restrictions etc would make this straightforward, extremely expensive or impossible.
I’m also not keen on the existing rear extension or the way the entrance/hall works. I’d want to look at reconfiguring the whole ground floor rather than just putting in a new kitchen. The patio would also need redoing.
My concern is that it’s easy to view a house and think “we could do this here, knock that through, enclose that bit and it would be fantastic”, but then buy it and discover that the thing that made you see all that potential either isn’t possible or costs are vastly prohibitive.
So I’d particularly love to hear from people who have bought and substantially remodelled/extended houses.
What did you actually do before making an offer to establish whether your vision for the house was realistic?
Did you take an architect to a second viewing? Structural engineer? Builder? Did you get indicative drawings/costings before offering, or only once your offer had been accepted?
Were they able to give you a reasonably confident answer about what was possible without intrusive investigations?
If you were buying again, what would you do before committing that you didn't do last time?
For this particular house, who would you take along to establish whether the open area underneath the side extension could realistically be enclosed and whether the ground floor could become the sort of space I'm describing?
And how did you establish a sensible renovation budget before buying? I don't want to assume £100k and subsequently discover it's £200k+.
I'd also really appreciate views on the price* *without assuming any of these changes are possible.
If you were buying this house exactly as it is now and had to live with the existing footprint/layout, what would you offer?
It's on at £850k and last sold for £766k in 2023. I think current owners may have put the garden office in and changed the bathroom. I don't think they have done anything else beside some general cosmetics.
Would you consider £850k reasonable for it as it stands, or do you think the asking price is already pricing in some of the potential? And if you discovered that the side couldn't be enclosed and significant reconfiguration wasn't practical, what would you personally be prepared to pay for the house as it is?
Basically, I'm trying to avoid paying for the house I can imagine it becoming rather than the house I'm actually buying!
Any experiences – good or bad – from people who've bought houses on the basis of their renovation potential would be really helpful.