It might be a catch-all term and it is certainly in vogue for renovations but ‘period property’ does not mean the same thing for every building. While in some areas period properties might appeal to more people than new builds, a variety of ‘period’ features are no longer attractive and in some cases it might be worth removing them rather than spending the money to restore them. Budgeting for a period renovation is more than likely to cost more than replacing the fittings anyway so developers are advised to steer clear of those features that will have a detrimental effect on their resale price.
Employing a dedicated property development company has the potential to reduce the extra stress that period properties can cause as the project manager will be able to source contractors who will have the expertise in restoring buildings. An entrepreneur, Stacey Main has invested in a company in the South East that can help with all development projects, from new builds to renovations. Following the Stacey Main Twitter feed is one of the best ways to discover what the company is working on next.
Similar to selling any house, the property has to seem homely without giving the impression that it has been lived in by another family. Period properties, naturally, have been around for a long time and if they have not been properly restored it might seem like the former owners are still living there. A large proportion of house buyers are put off by tobacco stained ceilings or walls, a problem if the developer wants to retain the period wallpaper or stylised mouldings.
Even without tobacco stains, period wallpapers and Artex ceilings can be a bit of an eyesore too. It depends entirely on the room itself however, narrow Victorian terraces suffer from indulgent, floral wall coverings as they can be overbearing but as a feature wall in a bigger property, it can be an attractive selling piece. As for ceilings, Artex was used extensively in the ‘70s but in the 21st Century they can make a period property just look aged and it might be worth replacing it for resale.
At the end of the day, it depends on the developer’s vision for the house but most developers buy a period property to sell it on which means they have to make the property appeal to as many people as possible.