- Abandoned homes offer potential but need substantial upgrades for livability and to meet modern standards.
- Key areas to consider are electrical and plumbing upgrades, HVAC system installation, and window replacement.
- Flooring, roofing, and kitchen/bathroom remodels are also essential for aesthetic, safety, and investment purposes.
- The ultimate goal is a comfortable, modern space that provides a return on investment.
Are you considering buying an abandoned home? It’s no secret that these properties can come with a lot of untapped potential, but they also often require significant upgrades to bring them up to code and turn them into livable spaces.
To help get you started, here’s a list of essential upgrades to consider after buying an abandoned home. Whether you’re a real estate investor, developer, or homeowner, these tips will help you maximize your investment and create a comfortable, modern living space.
Electrical and Plumbing Upgrades
First and foremost, it’s important to ensure that the electrical and plumbing systems in your newly purchased abandoned home are in good order. Many of these properties will have outdated or faulty systems that must be replaced or upgraded to meet modern standards. This is not only vital for the safety and habitability of the home but can also affect your insurance premiums and the property’s resale value down the line.
Once the electrical and plumbing systems are up to par, turning your attention to a new HVAC system is necessary. Depending on the previous system’s condition, it might need to be overhauled with new ductwork, a new furnace, and an air conditioning system installed. A comfortable and efficient HVAC system is essential to creating a comfortable living space and increasing the home’s value once you are ready to sell it.
Old windows can add charm to a home, but they can also be a source of drafts and energy inefficiency. Replacing windows is a worthwhile investment as it not only makes your home more comfortable but also saves on energy bills in the long run. Consider options with high energy efficiency ratings to really impact your bottom line.
In many cases, abandoned homes will have outdated or worn flooring that you’ll want to update to meet modern aesthetic and safety standards. The type of flooring you choose depends on the specific needs of your home. Consider how much foot traffic the space will have, whether you need something especially durable like vinyl flooring or if you prefer hardwood or tile.
The roof of your newly purchased home is likely to need some attention. If it’s been a few years since the last maintenance or repair was done, it’s worth taking a closer look at its condition and deciding whether repairs are necessary or if you should replace the entire roof.
This is especially important if you live in an area with regular rainfall or extreme temperatures, as a faulty roof can lead to water damage and other costly repairs down the road. Just make sure you call in a professional roofing contractor to get the job done right. They’ll have the tools and expertise to provide a quality installation that will last for years to come. They’ll ensure the job is done correctly and safely.
Kitchen and Bathroom Remodels
Finally, the most common upgrades people make after buying an abandoned home involve the kitchen or bathroom. These highly trafficked spaces can often benefit the most from an overhaul. Here are four areas you should consider when remodeling your kitchen or bathroom:
The cabinetry in your kitchen or bathroom can make a huge difference to the look and feel of the room. Consider whether you should upgrade existing cabinetry or install new ones, and make sure it matches your chosen style.
When shopping for countertops, keep an eye out for materials that are easy to clean and maintain. Granite is one popular choice due to its durability and aesthetic value, but quartz or marble can also work depending on your needs.
If you’re updating the kitchen, you should think about replacing old appliances with modern models. Look for energy-efficient models that will save you money on your utility bills in the long run.
Finally, another essential element of any kitchen or bathroom remodel is updating the fixtures. Consider whether you should opt for more traditional styles or make a statement with a modern design. This will depend on your personal preference but also on the style of your home and budget.
Renovating an abandoned home can be a rewarding project offering a significant investment return. While these projects typically require substantial work, the result is a comfortable, modern space tailor-made for your needs. Whether you plan to live in the home, rent it out, or sell it for a profit, these essential upgrades will ensure you get the most out of your investment.