Look at the utility setup. "Make sure you understand the condition of the existing services in a structure—such as gas, water, and electricity—and whether or not these will need to be upgraded in order to meet current building regulations," says James Davies of London–based architect and design studio Paper House Project, who did a dramatic conversion of a rundown London warehouse.  Photo 16 of 21 in Experts Reveal the Top 10 Things to Consider Before Investing in a Fixer-Upper from A Forgotten Warehouse Is Reborn Into a Light-Filled London Home

Experts Reveal the Top 10 Things to Consider Before Investing in a Fixer-Upper

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The rundown warehouse was left abandoned, and was in desperate need of a new owner, constructive repair, and a new life.