This is where you can get specific with your tastes, but keep an eye on the "neighborhood standard." Over-improving a house (adding a $100k kitchen to a $200k neighborhood) will make it difficult to recoup your money later.
If possible, do not live in the house during a major renovation. The dust, noise, and lack of functional bathrooms can lead to "renovation fatigue," causing you to make rushed, poor decisions just to get the project finished. 4. The Exit Strategy Are you flipping it or living in it? how to buy a house and renovate it
The biggest mistake beginners make is starting demolition before they have a firm spreadsheet. This is where you can get specific with
Location is the only thing you cannot renovate. Buy in an area with high historical appreciation to ensure your renovation costs don’t exceed the neighborhood's ceiling. Location is the only thing you cannot renovate
Fix the "guts" before the "glam." Ensure the roof is watertight and the plumbing/electrical systems are sound before installing expensive tile or hardwood floors.
Don't skip the city permits. Unpermitted work can lead to fines, "stop-work" orders, and massive headaches when you eventually try to sell the home.