So we’ve all watched the TV programmes – Property Ladder etc. We sit and think we could do better than that, surely it’s so easy! Easy to pass judgement when it’s not you doing it and not your money involved.

There is certainly a lot of skill involved in doing a renovation project. One of the main things that you need to do is TO PLAN. Good organisation skills are essential when doing something like this.

You need to decide on your exit strategy up front. Are you going to buy and hold and let the property out or are you going to refurbish the property then try to sell it – flipping. Having more than one exit strategy will reduce your risk. “Begin with the end in mind” Stephen Covey

Make sure you do you research:

  • Research the area – so that you can really target the sort of people who will want to live there, keep your target market in mind when you start to develop your plans.
  • Find a suitable property.

Remember don’t get personal; don’t be tempted to buy things just because you would like them. Don’t spend lots of money on the latest gadgets or technology. This is not going to be your home; you are in this to make a profit!

We have some great eBooks that will help you with a refurbishment project.

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Should I clean my solar panels?

To clean or not to clean your solar PV panels, that is the question. There’s been something of a debate going on around this topic, with some people recommending regular cleaning while others claim it won’t make a difference and that you can even damage the panels in the process. Let’s see if we can shed some light on the pros and cons of solar panel cleaning. How quickly will my solar panels deteriorate over time? The durability and output quality of any PV module depends on its build quality. Assuming you’ve invested in a high quality installation, the expected rate of degradation in terms of electricity generation is about 1% per year. So the short answer is yes, but only very gradually. The key to choosing a quality PV installation is to compare and assess the types of solar panels that are available for your home. Take a look...
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