Essential Steps To Take When You Buy A Project Property

Surge in country and seaside property values

Buying a project property could actually be one of the most profitable decisions that you make in your career, but it’s fair to say that there are many risks and dangers that come with such a risky investment that you should always work to minimise. Fortunately, learning what essential steps need to be taken when you invest in a project property doesn’t have to be tricky, as this guide contains some of the most effective ideas that you can utilise to achieve total success with your project property in no time at all. So, what are you waiting for? Read on to discover more!

Fix Or Upgrade Utilities

One of the first steps that you must follow when you invest in a project property is to check, fix and upgrade any old or damaged utilities that no longer serve their purpose. If you are buying a house that is more than 15-20 years old, then it’s highly likely that the utility systems inside the property will either be damaged, broken or simply outdated. Fixing any leaky pipes or other similar issues should be your first priority, but then you need to take the right steps to start upgrading your utilities if you want to attract a motivated buyer. Something that modern buyers look out for when investing in a property is energy efficiency, so if you have a terrible boiler and heating system that is well past its sell by date, then this could potentially put a buyer off from continuing with the purchase.

Check For Pests

Another essential step that you need to follow is to check for pests. There are lots of kinds of pests that your project property could fall victim to, depending on the state of the home and its location. Any pest is a risk that should be actively removed as no one is going to want to buy your home when it has an infestation! So, whether you have mice making a den underneath your floorboards or if you need to contact a wasp nest removal service, don’t hesitate to get in touch with a professional. To spot a pest problem, you should look for droppings, damage (claw marks or bite marks) along with nests and other telltale signs. Never attempt to remove pests on your own without specialist support, as you risk falling seriously ill.

Always Focus On Modernisation

Last but by no means least, you need to always focus on modernising the property that you are revamping so that it no longer boasts the old and decrepit features and functions that it once had. No one will want your home if there are no electrical outlets, you can’t get any phone signal and the water pressure is next to nothing, so you need to consider modern expectations in order to make sure you can exceed them. Think about installing a new kitchen that boasts some high tech equipment, or even install your own advanced alarm system that can protect your hard work.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More