Are you thinking of renovating an old house like this beauty in central New Hampshire? Before you sign on the dotted line, know what problems to look for and what costs to anticipate. A good checklist will help.
Not too long ago, I was driving to get an estimate to install a new muffler on my truck. It was just after sunrise and a large sewer project forced me to detour across a street I’d never been on before. As luck would have it, I happened upon an old Victorian house that had seen far better days just as the early-morning sun was giving her a tender morning kiss. It brought back vivid memories of the first old house I ever bought and renovated.
Perhaps you’ve heard the saying, “You don’t know what you don’t know.” I can speak to the validity of this — and, fortunately, I didn’t know much at all when I bought that wonderful, quaint three-bedroom home at an FHA auction in the spring of 1975 for $8,000.
If I had known then what I know now after all these years of working in old homes for paying customers, I don’t know if I would have bought it. To be sure, visions of grandeur were dancing in my head — and in my new bride’s as well — much as they did in Mr. Blandings’ head in the old Cary Grant movie.
I had all sorts of support from my father-in-law, who, although he was a medical doctor, had a passion for real estate investing. But what I lacked was a comprehensive checklist that would have helped me identify possible trouble spots and definite dealbreakers.
The good new for anybody embarking on a fixer-upper adventure today is that a really good old-house renovation checklist exists — and I compiled it. It’s quite thorough and helpful, a product of the hard-won knowledge I have accumulated over my career as a builder.
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