The answer to this dilemma is easy… Absolutely!

The highest costs for any house are associated with getting out of the ground. Using
existing structural components and modifying finishes is the most cost effective way to make something your own. Not to mention the most important part of home buying ‐ location location location.

Buying a home to renovate any where in one of Red Deers’ mature neighborhoods will give you something that is tough to find in the newly developed subdivisions. Mature trees and being close to top schools are some of the most common desires people have of a new property.

Why is is easier to Renovate an Older Home?

How about an acreage? Some areas on the outskirts of town have amazing potential for this, not to mention that you’re still close to town.
The next suggestion that I would have for you is to look for a home that has the right layout. As far as keeping the budget down, this is very important. The odd wall removal for open concept ideas can be a minimal expense, if the structural side of things is in your favor. A home built in the 70’s or newer typically has their trusses built differently than in years previous. They changed up the engineering to allow them to be free span, meaning that they only needed the exterior walls for support. This makes thing a lot simpler for wall removal and easy to really transform your living areas. Mid floor walls or basement walls need a little more attention to detail.

Upon purchasing a new home, feel free to give us a shout to help you decide if this buy is for you. The amount of equity that you can build into renovating a home can be substantial. More than just building something that you will absolutely love, renovating an older home in the right neighborhood is a great investment.