If you've bought a renovator's delight that you are not planning to extend, these should be your priorities.

One

Potentially dangerous problems: faulty electrical wiring, old or damaged gas appliances, unsafe structures (from staircases to garden walls), loose chimney pots or roof tiles, unstable masonry that could fall and cause injury.

Two

The exterior - if this isn't sound, any work you do inside is likely to be spoiled. Carry out repairs to: the roof, cracked or damaged masonry, damaged gutters and downpipes. Repoint brickwork if necessary. Repair damaged drainage systems. Replace or repair rotted window frames - now is the time to decide whether you would benefit from putting in double glazing.

Three

Problems that will get worse if left: rising or penetrating damp, dry rot, and woodworm.

Four

Installing new wiring and new plumbing while floorboards are up and before the walls and ceiling are replastered.

Five

Putting in a wired security system if you have decided to do this; it will be more expensive to do later.

Six

Roof insulation, one of the most cost-effective home improvements. Decide whether you need any sound insulation, perhaps against a party wall.

Seven

Making good plaster and floors, which will be durable and provide a firm basis for any fixtures.