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.

The Perfect Day Trip for Lovers of Craftsmanship

I talk a lot of about weekend do-it-yourself projects in this column, but what good is summer if you don’t take advantage of the opportunity to relax and enjoy all that Connecticut has to offer?

This past weekend, a friend introduced me to a spot to do just that. Just 30 minutes away lies Topsmead State Forest which just so happens to be a dream destination for people like me who love to enjoy nature while exploring exactly what makes a house a home.

Topsmead State Forest is comprised of the estate and surrounding land once owned by Ms. Edith Chase, heiress to the Waterbury-based Chase Brass and Copper Company. Ms. Chase came upon the land by inheritance and decided to build a summer retreat for herself in 1923. She hired New York City architect Richard Henry Dana, Jr. to help her create the home of her dreams which to this day sits perched high on top of fields that stretch as far as you can see.

It is becoming exceedingly rare to see a house that looks like it was built to last for generations, but Ms. Chase’s English Tudor is one of them. The exterior of the home is stucco and brick, with woodwork made from cypress beams that while weathered with time, have not lost any of their original beauty. The roof is comprised of thick cut slate that still looks stately and has apparently kept the home well protected after more than 90 years of Connecticut winters. It’s hard to walk around and not admire the craftsmanship of the home, and the more than 500 acres that surround it.

The home is only available for tours on certain weekends in the warmer months, but picnics are allowed on the grounds any time from dusk til dawn. Visiting the house is free and you can bring food and drinks to enjoy on the tables scattered amongst the trees. The small gardens are filled with dozens of flowers, much to the delight of local butterflies, and there are many spots to enjoy a quiet few hours of reading or taking in the surrounds, which is exactly what Ms. Chase intended the estate to be used for.

When she passed away in 1972, Ms. Chase bequeathed her property to the people of Connecticut, leaving behind a substantial endowment to ensure it could be looked after for generations to come. Even on a picture perfect Sunday visit, only a dozen cars could be found in the parking lot and the visitors we came across smiled with polite nods while in search of their own little piece of heaven to soak up the sunshine.

With only a few weekends left of the summer, I’d encourage you to check it out for yourself and enjoy a little bit of history right here in our own backyard. Just be sure to bring a picnic and prepare to be enchanted. For more information on Topsmead State Forest, visit the website at http://www.ctvisit.com/listings/topsmead-state-forest.

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.

Beautify Your Yard with These Alternative Landscaping Trends

While beautiful grass is often considered to be a homeowners pride and joy, today we’re seeing lots of alternatives in landscape design that offer more dimension, better mixed-use opportunities, and less maintenance than the traditional green that we’ve come to know and love. With so many planting options and warmer weather stretching well into the later months of the year, now might be a great time to start planning a few refurbishments to give you a new look and better use of your outdoor space. Here are some ideas:

No More Mowing: For people who love the look of grass but can’t stand the maintenance, no mow “smart lawns” have begun cropping up as an option for residential spaces. Products such as Eco Lawn and No Mow Lawn Mix offer fast establishing grass that then grows slow, requiring only a few mows per year if any at all. Many of these products also thrive with minimal water and their deep seeded roots are able to grab nutrients, meaning less fertilization and chemical treatments.

Play Space: The rec room has always been a popular option for young families, but why not designate a place in the yard for fun too? For people who don’t like weeding, creating a designated area to enjoy games is a great way to entertain guests and keep kids occupied for hours. Popular choices include long sand or stone pits which can be used for horseshoes or cornhole, or paved areas that can double as a croquet or bocce court.

“Hygge” Time: One of the big trends of the year is creating a space dedicated to comfort, coziness, and mindfulness. “Hygge” (pronounced hue-gah) is a Scandinavian term that’s used to describe the feeling of comfort and coziness, which has become popular indoors in the form of meditation rooms and dedicated reading nooks. That concept is now making its way outside, with homeowners embracing the longer seasons of comfortable weather by building cozy fire pits and stone wall enclosed zen gardens for quiet contemplation.

Contained Gardens: Everyone loves the idea of homegrown fruits, vegetables, and herbs, but few of us have the time to prepare and look after a large garden. For a lower maintenance approach, try potting your favorites in large planters that you can place closer to the house. Tomatoes, herbs, peppers, and beans are all space savers that can survive and thrive in smaller containers.

Outdoor Living: Probably the biggest - and most expensive - ongoing trend is creating an additional living space outside of the house. From synthetic decking to full blown outdoor kitchens, more and more people want to come home and relax outside after a long day in the office. Pizza ovens, barbecue courtyards, and the ever famous outdoor bar are just some of the options that homeowners are continuing to invest in to enjoy now and add value potential to their home when it comes time to sell.

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