#renovationprojects

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That run-down house in Gurgaon's prime location is priced 30% below market value. Tempting, right? Before you jump in, let's talk reality. At Laveek Estates, we've helped clients transform dumps into dream homes—and also seen renovation nightmares that cost more than buying new.

Here's our no-filter guide to fixer-uppers in Gurgaon—the good, the bad, and the "you'll regret this" moments.

Why Smart Buyers Consider Fixer-Uppers

1. You Get More Space for Less Money

That 3BHK in Sector 56 might be ₹2.5 crore new

Same size fixer-upper? Could be ₹1.7-2 crore

Savings: Enough to cover renovations and still come out ahead

2. Prime Locations Become Affordable

Can't afford DLF Phase 3 at current prices?

Older properties in same area often sell cheaper

Our Client Story: Bought 1990s 4BHK for ₹3.2 crore (new would've been ₹5 crore+)

3. Customization From Scratch

Hate the kitchen layout? Tear it down

Want smart home tech? Build it in fresh

No compromises on tiles, fittings, or room sizes

The Ugly Truths No One Talks About

1. Renovation Costs Can Shock You

What builders quote vs. reality:WorkEstimated CostActual Cost (Usually)Basic repairs₹5 lakhs₹8-10 lakhsFull plumbing₹3 lakhs₹5-7 lakhsElectrical redo₹2 lakhs₹4-5 lakhs

Pro Tip: Always budget 20-30% extra for surprises (like finding rotten pipes)

2. Society Approval Headaches

Many Gurgaon societies:

Ban structural changes

Limit work hours (9am-5pm only)

Charge "renovation deposits" (₹50,000-2 lakhs)

3. The Never-Ending Timeline

Promised "3 month renovation"?

Realistically: 6-12 months with delays

Can you handle living elsewhere that long?

5 Must-Check Items Before Buying

1. Structural Soundness

Bring a contractor to check:

Cracks in walls/columns

Water damage signs

Foundation issues

Dealbreaker Alert: Repairing structural problems can cost more than the property itself

2. Hidden Electrical & Plumbing Issues

Open a few switchboards

Check water pressure in all taps

Flush all toilets simultaneously

3. Legal Clearances for Renovations

Is the property RERA registered?

Any litigation preventing changes?

Society NOC for modifications?

4. Total Cost Comparison

Calculate: [Fixer-upper price] + [Renovation] + [6-12 months rent while renovating] VS Ready-to-move-in property price

5. Resale Value Realities

Some renovated properties: ✔ Gain great value (if in prime location) ✖ Struggle to sell (if renovations look cheap)

Who Should (And Shouldn't) Buy Fixer-Uppers

Good Fit For:

Hands-on buyers who enjoy projects

Those with trusted contractors

Investors with renovation expertise

Bad Fit For:

First-time buyers

Anyone needing to move in quickly

People who stress over delays

How We Help Gurgaon Buyers Navigate Fixer-Uppers

At Laveek Estates, we:

✔ Bring contractors to evaluate properties pre-purchase ✔ Compare true costs vs. ready properties ✔ Handle society approvals and paperwork ✔ Connect you with reliable renovation teams