PART 2 GUIDE TO RENOVATING

When it comes to renovation projects the buying process is often different to the norm — as are the lending opportunities available. We delve into the world of renovation finance and buying at auction

While renovation projects offer a fantastic opportunity to create a unique home and can also be hugely rewarding in terms of breathing new life back into an old building, they are not without their hurdles. When buying a home that has already been modernised, a new build or even a plot of land, you should more or less know what you are getting yourself into, and the buying process tends to be fairly familiar and straightforward. Large-scale renovation projects, however, can often be deemed uninhabitable by lenders, or may be part of a deceased person’s estate or repossessed properties, among other things. They are sometimes sold at auction or require interested parties to submit ‘best and final’ offers. Sometimes standard mortgage lenders want nothing to do with them. And, to…

You're reading a preview of

Homebuilding & Renovating (Digital) - 1 Issue, February 2025

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.