BEGINNER’S GUIDE TO RENOVATION Part 2: Buying and funding a renovation project

While renovation projects offer a fantastic opportunity to create a unique home and can be hugely rewarding in terms of breathing life back into an old building, they are not without their hurdles. When buying a home that has already been modernised, a new build or even a plot of land, you should more or less know what you are getting yourself into, and the buying process tends to be fairly familiar.

Renovation projects are often deemed uninhabitable by lenders, may be part of a deceased person’s estate or repossessed properties, among other things. They are sometimes sold at auction or require interested parties