Restoration work is not for the faint hearted.

Although this type of project can be immensely rewarding, it can be very daunting and very expensive.

Here are some tips from RealRenta to get you started if you are considering or are committed to restoring a Heritage Property.

• Planning is extremely important, so take extra care with your planning
• Visit the local council and find out if there are any restrictions on the land/property
• Find out if your property is a local or National Heritage listing and what impact this will have on restorative work
• Find out as much as you can about the history of the property, ie- what year it was built, who built it and what was the original purpose of the building
• Find out who the architect and builder were and research other examples of their work so that you can understand the elements for that architectural period,
• Consult a local Heritage Architect to get a scope for what will be involved in the restoration work, their fees and the engineer’s reports that will be required
• If possible, live in the property for 12 months before commencing the work so that you can gauge how the building materials behave through the seasons, ie damp during winter, summer light.
• Start from the foundation and work your way up
• Make budgetary allowances for the unexpected
• Engage Heritage based contractors and specialized trades people and artisans.

Are you sick of handing over income from your investments directly to a Property Manager? Use RealRenta instead and get your rental income paid directly into your Bank Account. See how easy it is!

Try RealRenta now for Free for up to 2 months and you will NEVER pay a Property Manager again.