Be Prepared with a Budget
Restoring, renovating, or remodeling an older home will likely cost more than you think. Restoring it while updating it to keep it up to code and practical to live in could cost far more than you would initially expect. It’s important to set a realistic budget based on the work that needs to be done, and thorough inspections are key to developing this budget. Roofs can get expensive quickly, as can replacing wiring. Plan to go over your initial budget, just in case. Consider prioritizing certain rooms or projects to help you stay within budget, and identify what you can DIY and what should be hired out to a professional.
Structural Integrity Is Key
The first restorations should address the home’s structural integrity. Ensure the foundation is stable, the walls are fully repaired, and the roof is in good shape and not leaking. These should be your first priorities, and unfortunately, they are some of the more expensive parts of restoration. After this, though, comes more of the fun parts, helping to make the home more functional and practical, whether or not you want to retain the old-style aesthetic.
