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    Home/News/Is it Worth Buying a House That Needs Renovating in Cardiff?

    Is it Worth Buying a House That Needs Renovating in Cardiff?

    about 4 hours ago
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    Is it Worth Buying a House That Needs Renovating in Cardiff?

    If you’re searching for a home in Cardiff, particularly in sought-after areas like Pontcanna or Llandaff, you may have come across properties priced over £500,000 that require renovation. For many buyers, these “fixer-uppers” present a tempting opportunity: a chance to secure a home in a prime location and add significant value through refurbishment.

    But is it really worth buying a renovation property in Cardiff? Let’s explore the advantages, disadvantages, and expert advice from Fortis Estate Agents.

    Why Consider a Renovation Property in Cardiff?

    Homes in Cardiff’s most desirable neighbourhoods—Pontcanna, Llandaff, and Cardiff city centre—are in high demand. Properties that are already fully renovated often attract multiple buyers, driving prices up. By contrast, houses needing work are typically more affordable and come with less competition.

    For buyers looking to purchase family homes over £500,000 in Pontcanna or Llandaff, choosing a fixer-upper can open doors to larger properties or better locations than their budget might otherwise allow.

     

    Advantages of Buying a Fixer-Upper in Cardiff

    1. A More Affordable Entry Point

    • Renovation properties are generally priced lower than fully refurbished homes.

    • Less competition means you’re more likely to secure your dream location.

    • A lower purchase price can allow for a larger property in Pontcanna or Llandaff.

    2. Potential for Higher Returns

    • Well-planned renovations can substantially increase market value.

    • Cardiff homes in desirable postcodes retain their appeal, ensuring strong resale potential.

    • Personalising the property allows you to create a home that truly suits your lifestyle.

    💡 Did you know? Renovating a bathroom can increase a home’s value by up to 4%—a great return on investment.

     

    Disadvantages of Buying a Fixer-Upper

    While the rewards are appealing, it’s important to weigh the risks.

    1. Unpredictable Renovation Costs

    • Renovations often uncover hidden problems (e.g., damp, structural issues, outdated wiring).

    • It’s wise to budget 10–20% extra for unexpected expenses.

    2. Temporary Living Arrangements

    • Extensive renovations may render the home uninhabitable.

    • Buyers often face the cost of renting or alternative accommodation.

    3. Unexpected Surprises

    • Problems like asbestos, lead paint, or foundation issues may surface.

    • A full professional survey is essential before committing.

     

    Is a Fixer-Upper Right for You?

    Ask yourself:

    • Do I have a realistic budget, including a contingency fund?

    • Am I prepared for the disruption of living through renovations?

    • Do I have access to trusted local contractors?

    • Will the final property value in Pontcanna or Llandaff justify the investment?

    If you answer “yes” to most of these, a fixer-upper could be the perfect way to secure a dream home in Cardiff’s premium property market.

     

    Expert Advice from Fortis Estate Agents

    At Fortis, we regularly help clients find renovation opportunities and luxury move-in-ready homes across Cardiff. Whether you’re searching for a spacious Victorian terrace in Pontcanna, a character home in Llandaff, or a city-centre townhouse over £500,000, we can guide you through the entire process.

    📞 Call us today on 02920 561111 or visit our website to explore our latest listings.

     

    FAQs: Buying a Renovation Property in Cardiff

    What should I check before buying a fixer-upper?
    Structural integrity, roof condition, damp, plumbing, and electrics. Always get a full survey.

    Can I get a mortgage on a renovation property?
    Yes. Some lenders offer renovation-specific mortgages covering purchase and refurbishment costs.

    What renovations add the most value?
    Kitchen and bathroom upgrades, energy efficiency improvements, and kerb appeal upgrades.

    How long do renovations take?
    Minor updates: weeks. Major works: 6–12 months.

     

    Looking for a Renovation Property in Cardiff?

    Whether you want to invest in a fixer-upper or move straight into a turnkey home in Pontcanna or Llandaff, Fortis Estate Agents can help you find the right property over £500,000.

    👉 Contact us on 02920 561111 today or browse our current properties on our website.

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