HGTV is one of the most popular cable networks on TV, but unfortunately, it's setting up some unrealistic expectations for buying a renovation property. Many people see these shows and think a gut renovation will be fun, and the most unrealistic expectation these shows set is making it all look far easier than it is.
It's all very challenging to find great contractors who are consistent and show up. These shows also fail to show all the unknowns—what happens when you peel back the onion? What's going on with the home's plumbing and electric? What issues come up, that can’t be seen when the house was bought? Unfortunately, many people are only prepared for the cosmetic improvements, but the unknowns are what cause financial stress.
"The unknowns are the most financially frightening part of a renovation."
That's why you need a great home inspector on the front end, a great real estate agent to help you navigate the deal, a great contractor, and a great list of post-sale resources.
We've actually created a list of incredible vendors that we've vetted who can help our prospective buyers work through it. We can always help you with a big renovation project, but you need to be prepared for potentially costly unknowns.
If you have any questions about buying a renovation home or you're just thinking about buying or selling a home, give me a call or send me an email. I'd be glad to help!