One of the hottest trends in the property market at the minute is barn conversions. People find that once they put their barn conversion property onto the market, it is quickly snapped up in a matter of weeks. And it isn’t just property investors who love these sellable homes; people who are looking for a great deal on their next home are now starting to realize that buying a run-down barn and developing it into a new family home can work out a lot cheaper than buying a new house. So there is no wonder that so many people now have their eyes open for a barn to buy and convert. Already purchased one and ready to get going with the whole development? Here are some tips that should help you keep the whole job stable throughout the whole process.
When you buy a new house, you will probably need to get a mortgage so that you can finance the purchase. Unfortunately, traditional mortgages can’t be used to fund barn conversions. Instead of looking for a mortgage, you need to find a financial product that will release injections of cash when you need to finance certain phases of the build and development. If you aren’t sure about the different types of finance that you are eligible for, it’s always a good idea to speak to your bank manager or financial advisor.
Check The Foundations
If you buy a particularly old barn, you need to make sure that the foundations are stable enough so that you can turn the whole structure into a new property. There are various small problems that should be easy to repair in no time at all. You can visit Foundation Repair Pros to get an idea of the type of issues that you might run into and the kinds of costs involved. In some cases, you might need to replace the foundations completely. This is often the case with barn structures that are over a hundred years old.
Get Consent And Permission
Even though you might not be changing the shape and size of the barn structure during the development, you might still have to get planning permission from your local authority. It is important that you don’t start any work before getting permission – if you are denied consent, you might have to reverse any changes that you make. And that could cost you a lot of money that you didn’t want to spend!
Invest In An Interior Designer
Sure, redecorating a single room in a house isn’t too difficult, but do you think you have what it takes to design a whole house? It will take a lot of style know-how! And if you aren’t too sure about decor styles, your new home might not look quite as stylish as you had intended. Because of this, it is a very good idea to hire an interior designer who can help you make your new barn conversion look very fashionable!
So, why buy when you can convert?!