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Renovating a Rundown Property: Planning Your Project

Turning a neglected property into a home or investment.

Renovating a Rundown Property: Planning Your Project Property Renovation & Refurbishment

Updated October 2026 · Fraser Bond

Renovation · Planning

Planning a renovation project

Surveyfirst
Scheduleof works
Budget+ contingency
Exitlet or sell
In short: Once you've bought a rundown property, a clear plan keeps costs under control. Start with a detailed survey and a schedule of works, get several quotes, add a contingency of 10 to 20%, and check permissions such as planning, listed building consent and Building Regulations. Phase the work logically: structure and services first, then finishes. Decide early whether you'll live in it, let or sell. Fraser Bond can advise on the specification that suits tenants or buyers and value the finished property.

How it works

1
SurveyUnderstand the condition and risks.
2
DesignAgree layout and specification.
3
PermissionsPlanning, listed consent and Building Regs.
4
TenderGet several quotes.
5
BuildStructure and services first, then finishes.
6
Sign-offBuilding control completion and certificates.

Frequently asked questions

How much contingency should I allow?

Often 10–20%.

Do I need planning permission?

For some works; check before starting.

Can Fraser Bond advise on finishes?

Yes, for letting or sale.

Renovating to let or sell?

Talk to our team or get a free valuation.

Speak to our teamGet a free valuation

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