Fix Up, Look Sharp! Why a Fixer Upper Property Might Be Just the (Golden) Ticket.

Buying a Property in Need of Renovation? Here’s Our Guide to Making a Fixer Upper Property Work for You.

Reservations about renovations fixer upper property? Buying a property in need of renovation might not be quite as romantic and fun filled as they make it seem on ‘Escape to the Chateau’. However, a fixer upper property can still be a great investment and a very rewarding experience. If your concerns are rooted in the idea of purchasing property during a pandemic (try saying that five times fast), now could be the perfect time to peruse the renovators. Here’s our guide to making a fixer upper property work for you and what considerations to take on board first.

Ain’t about the price tag (it is)

If you’re worried about your budget (who isn’t), properties that are in need of work will be priced a lot lower than those swanky pants glossy abodes decked head to toe in subway tiling and painted hardwood flooring. You can then spread the cost of the renovations over many months at your leisure, without forking out a lump sum for somebody else’s style palette. What’s more, a lower price tag means you may be able to afford to buy in a certain (posho) neighbourhood that you might not have been able to otherwise. We recommend assembling a few quotes from local contractors first, to see just how much you’ll be paying for renovations.

llustration of women fixing up a property.

Don’t keep me hanging on the renovation loan

Which brings us to our next point: renovation loans. Yes they exist, and yes even in a pandemic. Some loan programmes allow you to borrow cash based on the proposed improved value of the property, which is rather handy and will save you money. There is, of course, a whole load of paperwork involved, including the ‘renovation verification process’ and loan amounts will vary depending upon factors like your down payment amount. It’s worth the snore fest though, believe us. Have a chat with a mortgage broker (or two) for some free advice about how to find the best loan for your specific situation. Or give us a call! We love chatting shop. Especially when it comes to buying a fixer upper property.

Don’t touch what you can’t afford

Unless you’re touching up your home, that is. Once you’ve completed your ultimate gaff re-do, you should find that you have fast tracked your way into a quick increase in equity. Ding ding ding! Then your home becomes like a plush carpeted savings account, storing the equity in its fibres until you decide to sell. Once sold, you’ll reap the rewards in cold hard cash. The most sure fire way to get that sweet, sweet ROI? Snazzed up kitchens and bathrooms, glossed up front doorways and adding extra space to the building. Think metro tiling and extensions, baby.

A photo of a kitchen in an old property in need of renovation.

Go your own waaaay

If you don’t mind getting a little hands on yourself, you can save a lot of money by purchasing a home that needs a bit of TLC and going all DIY. While you might not have the Grand Designs theme tune underscoring your projects, you can still enjoy starring in your very own fixer upper property show (without a worried looking Kevin McCloud following you round with ever heightening eyebrows). You might also learn some new tricks of the trade along the way. What’s more, you’ll have free reign to create the house of your dreams, not someone else’s.

Baby are you flexible?

You certainly will be with your own do-er upper project. Why’s that? I hear you muffle through your standard issue COVID face mask… Well, time-wise the world is your oyster as you can decide to complete all renovations before you move in for a smooth move. Or you could spread the cost over a longer period of time and enjoy the process of slowly watching your project transform into a dream home whilst you live there. You can decide what works best for you and your grand plans for that helter skelter slide-replacing-the stairs idea.

As mentioned earlier, we love talking all things property! So don’t hesitate to get in touch with any one of us here at Davies & Davies for some professional advice, before launching head first into a fixer upper property purchase. All things considered we think it’s an excellent time to invest, and really see the value in buying a property in need of renovation to fix up. Take a look here at our rather gorgeous homes for sale, or for more info first just give us a shout on the contact details below.

Contact us: – Lettings Director (contact for lettings and property management) – Sales Director (contact for sales, new homes and chartered surveying)

020 3820 2343

Davies & Davies Estate Agents, 85 Stroud Green Road, London, N4 3EG

Article & images by Barefaced Studios

Back to Useful Guides & Insights
Your Guide to Moving On Out, With Your Deposit Intact

We’re here to remind you how to make sure you get your deposit back so you can avoid getting into a stressful tug-of-war over your hard earned cash. If you’ve made the decision to move on out, the last thing you need is to see your security deposit withheld as you attempt to conjure up a new one for the next place. So here’s our stress free guide to moving on out in the form of M People’s hit song from 1993, no less. Hit it, Heather.

An illustration of two people (man and woman) celebrating outside their new house having agreed the sale.
How to Speed Sell Your Home This Winter

Sell sell sell! cries your house at night, as your partner murmurs ‘it’s just settling love, go back to sleep’. But you can’t. Move move move! you hear it creak, as you nervously waddle downstairs for a Nigella-esque gulp of cheesecake at midnight. Yes, your property is ready to be taken to market like a pig ready for a hog roast, but is it ready for its close up? Are you ready for your close up? This Winter, you’re most likely champing at the bit (or cheesecake) to get your house up and sold, so that’s where we come in. Here are our top tips for getting your best asset pimped and primped for a swift sale, so you can quit stress eating through the cold winter nights.

Illustration of a man and a woman shaking hands with a builder who is working on their house.
Bureaucracy Be Gone! Automatic Planning Permission Has Arrived

Say goodbye to arrested development and long drawn out planning applications. Say hey there to permitted development and automatic ‘yes siree you can build a pretty kitchen extension’. The Government, Dua Lipa style, counted out some new rules earlier in the year, and consequently made a hit song about it with full dance routine choreographed by Rishi Sunak. You might have missed it while you were engrossed in the BoJo baby news and that particularly eye watering episode of Naked Attraction. But what do these new rules mean for you and what exactly are they? Well get your leotard and shades on and let’s get counting.


Get in Touch


020 7272 0986


85 Stroud Green Road

Finsbury Park

London, N4 3EG

Opening Times

Mon – Thurs: 0845 – 1815
Fri: 0845 – 1800
Sat: 1000 – 1600
Sun: Appointments by request




* indicates required

By submitting your details you are consenting to Davies & Davies sending you their newsletter. You can request to have your data changed or removed at any time - please see our Privacy Policy.