Contemplating a 1958 mid-century home needing updates (kitchen, bathrooms, and deck) while preserving its charm. Looking for renovation ideas and cost estimates for a $100k upfront investment.
The charm definitely entices, but have you thought about potential extra repair surprises? Investing in a fixer-upper can be exciting yet risky. What factors make you lean towards balancing renovation with resale value?
Based on my experience with older properties, a fixer-upper such as this demands a meticulous approach. Although the mid-century charm is appealing, unforeseen issues can quickly add to the renovation budget. It is important to conduct a thorough inspection and secure a detailed estimate from professionals before making the investment. In my case, unexpected repairs not covered in initial estimates led to further expenses beyond the planned budget. Prudence and proper planning, including a reserve for surprises, can help mitigate some of the risks associated with such a purchase.