This is the final instalment in a series of blog posts concerned with people’s motivation when they buy a house that needs a lot of work doing to it instead of buying a house where the work has already been done. The previous posts were largely concerned with aesthetic matters but there is another factor to consider and this one is of a financial nature.
Making the most of a good investment
The fact is that a house that is one the market that needs money spending on it will be on the market for significantly less than one that needs no work doing on it. This means that buying the house is a real investment. It often represents a good financial move to buy a house that is on the market for a low price and then to carry out the necessary work to raise its value.
This is not something you can undertake lightly. You need to have the budget to spend on getting the help of architects and other professionals in the world of construction and design so that you can make something of the project. However, when it is done properly, this sort of move can turn out to be very successful indeed.