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Thanks for the tips Vaughan, I hear ya. One part of me welcomes the challenge but at the same time I worry that this might be too big a project for me given I've no prior experience. Didn't know about the building warranty insurance, will look that up.

Hi guys, A bit of background about myself, I'm a complete reno newbie, but looking to buy a rundown place to renovate and add value. Got my eyes set on a 4 bedder house that needs quite a bit of renovation. But I have no idea roughly how much the renovation would cost me. I've attached the...