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From wreck to reborn: can you make money converting a doer-upper into a dream home?


More people are buying fixer-uppers amid a housing shortage. But do the sums add up?
8 May 2021 • 5:00am
Grade II listed Mercia Lodge in Spalding, Lincolnshire, needs a total overhaul. It has a three-bedroom annexe and a gated driveway. It is £750,000 with Fine & Country
Some people busied themselves perfecting their baking skills during lockdowns. Others, like Adam Vernon and Abbey Budd, used their spare time more productively: to create their first home together.
The couple, both 24, bought a three-bedroom semi-detached house in the Cumbrian market town of Brampton in October. As first-time buyers their budget was limited, so they opted for a £124,000 project house, which had been empty since 2013. ....

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More than 300,000 property sales fell through last year - here's how to get yours back on track


As well as money, those who have a property transaction fall through will often have committed significant amounts of time. It currently takes 126 days on average for a property to go from offer to completion, according to Rightmove.
On top of the financial cost and the time lost, there is also a psychological impact. Not being able to move into the house they expected to can throw people s lives into disarray. 
For example, a divorced couple might have to remain living together, a first-time buyer could be forced to continue renting or living with parents, or a couple expecting a baby may be left with no choice but to remain in their one-bedroom apartment. ....

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