Are you in the middle of renovating your Charleston house? Looking for fix-and-flip properties within the area? Charleston is known for its old and historic homes and buildings. However, the average age of the area’s homes is around 30 years. Two main things to keep in mind is the condition of the home and local laws. Extra care must be given to keep updates consistent within the house.
6 Ways to Avoiding Pitfalls When Rehabbing Your Charleston House
First, you should have your Charleston house examined by a qualified home inspector. This is especially true if you’re planning to fix-and-flip the property. The reason for this is because some structural damage can go unnoticed for years. The home inspector’s focus is checking if there are any structural repairs needed. Here are 6 ways to avoiding pitfalls when renovating your Charleston house.
- Floors that Slant
It’s not unusual to see uneven floors in an older Charleston house. This can be the result of a decayed foundation or settled ground. If you see cracks in the walls or foundation, then the foundation may be shifting. Be wary if you see cracks that measure ¼ inch wide or more. This may indicate there is major damage that will result in more money to renovate.
- Walls Made with Plaster
Today’s home walls are built with drywall. However, many older homes were built with plaster. This means plaster is more difficult to repair and requires a knowledgeable expert. The cheapest way to get around this is by knocking down the walls. Then replace them with walls made from drywall.
- Asbestos and Lead
These two hazardous materials are commonly found in older homes. The painting can be laced with lead. Asbestos was used to insulate and fire-proof the home. You can find asbestos material in the walls and crawlspaces of older homes. It will definitely put a big dent in your renovation budget to have these two removed.
- Termite/Insect Damage
Since Charleston is in the South, termites damage is a real concern. This is especially true for an old home. Damage can range from simple cosmetic fixes to major structural repair. The cost to have this damage repaired can be approximately $3000.
- Mold and Mildew
Charleston is known for its wet conditions. Because of this, moisture can seep in through cracked foundations and leaky pipes. These problems are commonly found in the bathroom and basement of an old house. If left untreated, it can lead to structural issues. The cost to remove mold and mildew ranges from $500-$6,000+.
- Outdated Appliances
More than likely, you’ll encounter outdated appliances in an older home. If you’re planning on flipping the property, you’ll need to have them replaced. Installing a new HVAC system for a large house can cost about $10,000. Smaller expenses can include washer/dryer, stove, and refrigerators.
Let Us Help You Find the Perfect Charleston House
Don’t fall into a pitfall because you chose the wrong Charleston house with major damage. Let us help you by being your personal guide to finding your home. At Charleston Home Team Real Estate, we strive to ensure your home buying experience is stress-free. Contact us at (843) 628-3960 for more info about any Charleston house for sale today!