Investing in a Fixer Upper? Bobby O's Five Must-Read Tips

For a lot of young people, a first step onto the property ladder might mean purchasing an older home that needs a bit of work. Fixer-uppers can be a great way to enter the real estate market, especially if you’re handy around the house and know a thing or two about remodeling. But if you’re new to the game, getting swayed into paying too much for a rundown home that needs more work than it’s worth can be a real risk. Here are some things to think about before sinking your life savings into a piece of property:

Mr. Inspector

No matter what, always make sure you have an inspector look at the property and report on his or her findings. Lots of homes look perfectly fine on the outside but have expensive or even toxic damage hidden within the property. An inspector will document any issues he or she finds, and at the very least you should be able to use that information to negotiate the price with the seller. If major parts of the house such as the foundation or structural walls need replacing, or if the house has lead paint, lead pipes, or asbestos, you might want to rethink your potential purchase entirely.

Your Budget +15%

Be really clear about how much you are willing to spend to renovate your purchase into the house of your dreams, and be sure to include the cost of materials, the labor and any permits and paperwork in your estimate. Know that very few projects run to budget, so tack on an extra 15% to give yourself some breathing room. Think about what projects have to be dealt with immediately and which ones can wait. Broken stairs might need immediate attention, but the pink sink and bathtub might just grow on you – at least for the first year. 

A Piece of History

Make sure you are aware of the historic status of an old home. Many people purchase houses in an area or zone that doesn’t allow the aesthetic to be changed, which could put a real damper on your dream plans. Also, know that historic restoration is much more expensive than a normal remodel, and it often requires specialists to get the job done right. Be aware of this before you buy.

Keep it Vanilla

A lot of young people buy fixer uppers with plans to remodel in a way that suits them personally. This is fine, but consider what types of projects will enhance the resale value of your home and attract a wide variety of buyers. Additionally, make sure that your remodeling plans keep your house in line with the other homes in the area. Real estate experts suggest keeping your home within 10-15% of the median sale price of other homes in the neighborhood. The last thing you want to do is spend a fortune to revamp a house and then not be able to sell it when the time is right.  

Your Crew

Once you decide on your fixer-upper, make sure you hire experts to handle each individual job. Many people are tempted to get one handyman to install the flooring, replace the electrical, and fix the plumbing as a way to save money. This usually comes back to bite the homeowner as no general contractor can be an expert at everything. Find a pro that you love and ask him or her for recommendations. Every contractor has other tradespeople that they feel comfortable introducing to their clients because they do great work. Remember, it’s their reputation on the line too.

Bob O’Donnell is the owner of O’Donnell Bros. Inc., a Bristol-based home improvement company established in 1975. Email your questions to info@odonnellbros.com with the subject line “Ask the Pro.” All questions may be considered for publication. To contact Bob for your remodeling needs, call O’Donnell Bros. Inc. at (860) 589-5155 or visit http://www.odonnellbros.com. Advice is for guidance only.

What’s In Your Wood?

For such a tiny pest, termites can cause very big problems to the structure of your home. According to pest control company, Terminix, termites cause roughly $500 billion in damage and affect approximately four million homes each year. That’s more than the damage caused by fires, floods, and tornadoes put together.

There are two different types of termites – subterranean and drywood. Subterranean termites are a bit more common in warm coastal areas such as the southeast, and drywood can be found anywhere in the United States. Both are damaging, although subterranean are the ones you really want to avoid.

There are three telltale signs that you might have a termite problem. The first and most obvious is seeing them. Termites thrive in the darkness, but they are attracted to light, which also happens to kill them.  If you have termites in your home, you might start to see bodies or wings on windowsills or next to light fixtures, although termites are light colored and can be difficult to spot and distinguish. Another way to know if you have termites is if you discover mud tubes. These straw-sized tunnels are where termites live and can often be found around baseboards, pipes or chimneys. Then, of course, there is hollow wood. If you suspect that you might have a termite issue, use the base of a screwdriver to tap around baseboards, windowsills, and other easily accessible framing. Hollow wood has a very different sound than healthy wood and you’ll easily be able to hear the distinction. 

Termites can’t get through concrete but they only need 1/32 of an inch to enter your home or business, and yes, they really do eat wood - up to a pound a day. Termites generally get to a foundation through the soil and then find a crack or hole to make their way to wood. Decks and porches are often good entry points and anything that’s holding moisture will enable the insects to survive and thrive. That woodpile on the side of your house is a Garden of Eden for termites, especially if it sits uncovered and collects moisture during rainstorms. Overall, a termite swarm is looking for moist wood to form its colony. So, if you’re house has drainage issues or if your gutters and downspouts aren’t doing their job properly, you might be harvesting a breeding ground without even knowing it. 

If you think you might have termites, it’s a good idea to call a local expert to do a test, especially if any of your neighbors have recently experienced a problem. There are different types of termites with different habits and triggers, but all of them can be harmful to your home. It’s tough for the average person to spot and identify a termite, so calling a professional in for a routine check will give you peace of mind and provide the knowledge you need to protect your home from any future damage. With termites, it’s better to get the problem fixed as early as possible before they take an expensive bite out of your biggest asset. 

Bob O’Donnell is the owner of O’Donnell Bros. Inc., a Bristol-based home improvement company established in 1975. Email your questions to info@odonnellbros.com with the subject line “Ask the Pro.” All questions may be considered for publication. To contact Bob for your remodeling needs, call O’Donnell Bros. Inc. at (860) 589-5155 or visit http://www.odonnellbros.com. Advice is for guidance only.

New Fencing Options for a Private Backyard Sanctuary

Having a private backyard oasis to enjoy during the summer months is one of my favorite things about being a homeowner. In my experience, creating a space that’s inviting and relaxing can make balmy weekday evenings feel like a mini-vacation, especially when a barbecue or bonfire is involved. But having an at-home retreat also means taking steps to ensure that your backyard is private and secure, especially when there is a pool or water feature involved. So today, I’d like to give you a peek into a range of fencing options to protect your yard and provide seclusion without forgoing great design.

Many homeowners love the aesthetic of a beautiful, timeless wood fence. They look elegant, provide fantastic privacy, and are easy to install. The downside, of course, is maintenance and with our hot summers and brutal winters, a wood fence will need regular staining or painting, a job that every homeowner dreads. On the positive side, if you like to update the look of your backyard frequently, wood can be painted in any color imaginable and it’s one of the most affordable options on the market. A six-foot panel will run around $25-$50 depending on the type of wood.

If you love the look of wood, but the upkeep has you thinking twice about the material, you might want to think about composite fencing. Composite is made from engineered wood, and while it mimics the look of the natural stuff, its lifespan is much longer with very little maintenance requirements and no worry that it will rot, splinter or warp.  The cost will vary based on the design and type, but you can expect to pay $100-$150 per six-foot section.

If you want something that’s sturdy and maintenance free, a chain link fence might be a good option for you. While they generally aren’t the most stylish in terms of design, a chain link fence will keep your backyard protected and they can be slightly customized in different colors and gauges. If you need more privacy, you can upgrade a chain link fence with metal slats. Best of all, it’s the cheapest of options, coming in at $100 or less for a 50-foot roll. If you like the idea of a metal fence, but prefer something a little more upscale, go for an aluminum option, which is powder coated and needs very little maintenance. A six-foot panel will run you $50-$75 depending on the height.

Finally, if you want something that will protect your yard without making it feel enclosed, there’s nothing like glass. A glass or plexiglass panel fence is beautiful for a yard with a view or to enclose a pool without shutting out the rest of your property. Glass fences are durable, but they do tend to scratch easily and need to be cleaned regularly. They are also generally the most expensive fencing option, especially if they need to enclose a large area or in-ground pool.

Happy Fencing!

Bob O’Donnell is the owner of O’Donnell Bros. Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro.” All questions may be considered for publication. To contact Bob for your remodeling needs, call O’Donnell Bros. Inc. at (860) 589-5155 or visit http://www.odonnellbros.com. Advice is for guidance only.