There are three clear options when it comes to making repairs on your home that don’t quite fit your current budget.
One thing that most homeowners don’t realize prior to becoming a homeowner is that a property needs a lot of work — all the time.
Just because you buy a house doesn’t mean that’s the only time you’re going to have a cost associated with it. The structure and property need a lot of repairs and maintenance over the years as grounds shift, storms cause damage, and there’s basic wear and tear from actually living inside of it.
Some really strange and unusual events can cause a home to take some damage, and many of those things won’t be covered by insurance.
When it comes to figuring out your next steps with a home that you can’t make repairs on it, it depends on what you’re planning to do.
The quality of our home impacts our thinking and lifestyle directly. Many people consider the renovation as an extra and added cost.
However, you will be surprised to know that certain renovation ideas can help you with how to renovate a house with no money or in less than 1000 AED/Dollar/Pounds. Let’s explore them in detail here!
Looking for the best home repairs services? Look no further! Hitch Property Constructions has you covered.
Ways To Renovate a House with No Money
Do a Deep Clean
Before starting any renovation work, do a deep clean of the home’s interior and exterior. A deep clean, even if it isn’t a smoker’s home, is the most cost-efficient way to assess what needs to be fixed or replaced. Surprisingly, some items in the home need a little elbow grease to look like new. Additionally, a deep clean is necessary to undertake many remodelling tasks.
Paint the Exterior
Painting the exterior façade of a home is one of the most critical expenditures, as it brings the most value in your renovation budget. There are countless homes that are beautifully re-done on the inside but languish on the market for months because the investors ran out of money and left them outside in a state of disrepair. Avoid this common trap by investing early on in painting the exterior. The right colour combination can truly bring new life to a house and make it stand out.
In the same respect, don’t neglect the exterior landscaping of your renovation project. Landscaping can easily and cheaply be upgraded with items, such as new rocks, pavers, shrubs and flowers. The goal is not perfection, yet simply making the front and back yards appear neat and move-in ready.
Repaint the Windows & Shutters
Similarly, repainting the windows of a home will rekindle its character and provide the home with a fresh look, on the inside and outside, at a relatively low cost. Do, however, proceed with caution, as you don’t want to make the mistake of painting windows shut. This will only give the impression of a rushed job, which is not desired.
Upgrade the Front Door
Consider upgrading the front door by repainting it with a bright and welcoming colour, such as red, yellow, or a baby blue. Additionally, research ways to add a specialty or decorative statements to the door, and upgrade the hardware, as well. A unique door will instantly capture the buyer’s attention and imagination, justifying the extra $40 to make it pop.
Repaint the Interior
The paint will work not only wonders for the exterior of a home but also the interior. A few coats of new white paint, with one or two accent walls, can transform even the drabbest home into a comfortable environment that is attractive to potential buyers. Another great feature about painting is you can easily cut down on labour costs, by doing it yourself.
Repaint the Kitchen Cabinets
While it might be tempting to buy brand new kitchen cabinets, they are very expensive and may not even be necessary. Instead, refinish and repaint the existing cabinets that are there to closely resemble their modern counterparts. With proper sanding and the right type of paint, even the most dated cabinets can look modern and new.
Replace the Cabinet Hardware
Additionally, entertain the idea of getting new pulls and handles for all cabinets and drawers in the kitchen and bath. Psychologically, cabinet hardware that is new, shiny, and modern will make the naked eye believe the cabinets are new as well, also saving the budget tons of money.
Upgrade the Kitchen Appliances
For especially tight renovation budgets, do not remove kitchen appliances. If the deep clean was not enough to bring their original shine back, give existing appliances an upgrade by repainting them, re-coating them with a faux stainless steel film, or covering them with magnetic decals that blend in with the surroundings.
Install a New Backsplash
Tile backsplash in a kitchen or bathroom is common indicators potential buyers will use to judge the quality of a remodel. As areas in need of a new backsplash tend to be small, make the small investment and install a new tile backsplash. Even the simplest subway tile with black grout can provide a stylish look, for practically no money.
Peel and Stick Countertops
If your home is in need of new countertops, but your budget is tight, leverage the plethora of peel and stick self-adhesive contact paper for countertops for sale online. Competitively priced and made to look like real marble, stone, or wood, peel and stick countertops instantly give an upgraded look to existing counters.
Peel and Stick Wall Panels
There are also many manufacturers that offer peel and stick wall panels, which can be used to add a personal character to a house. They make great textured accent walls, as well as cost-effective wainscoting.
Cover Old Flooring
If the home you are renovating has dated vinyl floors, cover them using a modern-day peel and stick vinyl flooring. Unlike their predecessors, today’s vinyl flooring is cheap, attractive, and does not require special skill or expertise for proper installation.
Replace the Carpet
Replace torn and ragged carpet with a newer, modern carpet. Compared to other types of floor, carpet remains relatively cheap, and with a few D-I-Y videos can easily be cut and installed by even the most novice of investors. Furthermore, the carpet is a versatile material. It covers old subflooring, adds life to rooms, and gives off that new house smell buyer’s love.
Upgrade Sink & Shower Fixtures
Nothing reeks more of a dated home than sink and shower fixtures from the 1950s. Make it a priority in your budget to upgrade the bath and kitchen fixtures to give the home a contemporary feel.
Refinish the Bathtub
Replacing an old bathtub can be pricey, and if not done properly can cause even more damage. Avoid the additional cost, and have the surface reglazed of the existing tub. In older homes, especially, this enables you to maintain the original character, which buyers love.
Check out our Melbourne home repairs to help you to build your dream house.
Refinish the Doorknobs
Another cost-effective approach when remodelling an older home is to refinish the existing doorknobs. Utilize spray paint or bronzer, to give previously worn-out handles a fresh coat of liveliness.
Remove old Shower Doors.
Old shower doors scream dated. Take them out completely and use an adjustable shower pole with colorful curtains in their place. Not only will this completely modernize a bathroom but will also leave it feeling more spacious and open.
Update Light Fixtures
One of the best investments you can make in a remodelling project is given dated light fixtures a modern touch. Rather than buying entirely new ones, spray paint existing fixtures with dark colours (to conceal any imperfections). Replace old sconces with wired hardware, or don’t replace them at all. Exposed lightbulb pendants are growing in popularity, and can be easily incorporated into a renovation.
Replace the Toilet Seat Cover
New toilets are surprisingly expensive, and not always necessary. Instead of replacing the entire toilet, remove and install a present-day seat cover that is the same colour.
Change the Lightbulbs
Lighting plays a key role in setting the tone and mood of different rooms in a home. If the house you are renovating is too dark and moody, it will turn potential buyers off. If a house is well-lit and bright, it again leaves the impression of newness with buyers. Bring in a new light by changing older lightbulbs for LED bright lights.
Large Area Rugs
As you get closer to the end of your renovation, there are many zero to low-cost final finishes that can be used to tie all the elements together. The first being large area rug in a central room of the house. Large area rugs that are bright and modern will instantly elevate a room into a livable space.
Install Full-Length Curtains
Full-length curtains, also, bring a touch of elegance and height to a room. They come in an array of colours and patterns, providing many options, and are quick, cheap and easy to install.
Open shelving is the latest trend in renovated homes and can add a lot of value and wow factor to your renovation. With materials as simple as reclaimed (old) wood, sandpaper, and shelving racks, you can transform many different parts of a home’s interior into modern spaces that capture a buyer’s attention.
Plants additionally, are a necessary item to incorporate into the staging of a home, as you come closer to the end of your renovation. Plants fill up space and have been proven to pump oxygen into a room. Used the break appropriately up the monotony of a newly renovated home, and bring even more life to dead spaces than furniture.
Lastly, as you begin to prepare the home for open houses and showings, art plays a crucial role in tugging at the heartstrings of potential buyers. The right art placed strategically throughout a home, will help people visualize the elevated lifestyle they can have if they were to live in the home. Art can evoke positive emotions and leave people with a great first impression of your newly renovated house.
What Happens When A House Sits Empty?
When a property sits vacant for a lengthy period of time, then it starts to gradually degrade.
When you are in the home, you’re doing things like running the air conditioner, sweeping/mopping, running the water regularly, addressing exterior issues that might occur because it might be required.
But when appliances, plumbing, electrical, and other components of the house are not being regularly used and maintained, then they start to deteriorate.
When the air is not being conditioned, then it may become more humid or collect more dust, which creates an ideal environment for pests, which will start to do damage to the structure little by little.
So, how long can you leave it unoccupied?
It’s tough to say, and that answer might differ based on your location, but it’s easy to tell when a house has been vacant for a few months — the air smells different, there’s more dust, and you can tell that it’s been vacant.
After about a year, you might start to see some noticeable degradation, including holes in parts of the exterior where mice or other pests have burrowed and gotten in.
The longer you leave the house empty and unmaintained, the more damage it’s likely to incur, which means it will slowly start to depreciate.
If You Are Trying To Sell The House That Needs Repairs
You may realize that your house is falling apart and you can’t afford to fix it, so selling it is the next logical step.
Here’s what to do if you can’t afford to fix your house:
An expectation with most listed homes is that the house is “move-in ready”, which makes it difficult when you are trying to compete with other listed properties that are ready to go yet yours needs some work done to it.
The only way to compete with that is really to have a lower price point to make up for the fact that the home needs work done.
However, this may not be possible if the discount plus the closing costs and commissions are going to dip below your mortgage, because then you’re going to pay in order to sell your house.
In order to alleviate some of the costs associated with selling, you might consider doing a “for sale by owner”, or FSBO, but that likely means it will take longer to sell the house.
A lesser-known but often preferred alternative would be to sell your house to an investor (like us!) because investors prefer homes that need work done.
We have an extensive range of home repairs Melbourne services at Hitch Property Constructions.
Selling a house in poor condition.
When considering selling your house that needs work, it might be really easy to assume that no one would be interested, but that’s not the case.
So, how do you sell a house that needs major repairs? You target a cash buyer, such as a real estate investor.
Because an investor isn’t looking to move into the home, they are willing to pay for things like closing costs and put some money into the seller’s pockets when purchasing a house.
An investor, however, will look to purchase the home on a discount. So, in exchange for purchasing quickly and covering all the costs, they will negotiate to get it at a lower rate.
This way, they can make the repairs and re-list it on the market in order to make a profit. This is why you see “we buy ugly houses” signs and commercials.
Once they seek to sell the renovated house, they will also have to deal with closing costs and commission fees, so they have to cover those costs. Just because they purchase on a discount doesn’t mean they are making a lot of money from covering a closing twice, handling all of the repairs labour and materials, and paying holding costs for multiple months.
Can you sell a house with problems? Absolutely!
This is a great option if you are dealing with issues like foreclosure, tax delinquency, divorce, relocation, or any other life event that requires you to sell a house fast.
Or if the house has issues with functioning electrical, plumbing, heating, roof, etc.
An investor will take all of that into account and come up with an offer and strategy to purchase it from you — making it a win-win situation for both you and them.
If you need to get an offer on your house, give us a call or fill out this form so we can speak to you about your specific property and see how we can help your situation.
Finally, before you resign yourself to footing that repair bill yourself, contact your homeowner’s insurance company and make sure you’re not covered for at least a portion of it. If so, your out-of-pocket costs could wind up being far less substantial.
As you navigate renovating your first or next project without spending any money, keep in mind you don’t want it to look like you didn’t spend any money. This can easily be done by investing the time to make sure renovations are done the first time correctly. Pay attention to the details, and avoid mistakes, such as crooked paint lines, or door handles not screwed in all the way that can be embarrassing and cost you a potential home buyer. Remodelling with no money is an art in and of itself that deserves an equal amount of attention no matter the size of the budget.