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.

An Introduction to Refurbishment

  Refurbishment of a property is something that many people feel that can do easily. But if you have seen some of the disasters which I have, then you would appreciate there is some skill involved. The main word which applies to any project, but very importantly to property renovation and refurbishment is Planning. This is without doubt the most vital first action – taking time at this stage is essential, and worthwhile to save time, energy and money later. Once you have found a property to renovate, or if you are renovating/refurbishing an owned property, take some time to make a list of the work to be done. With your own property of course you will want to make a full list. With a property to be purchased for renting then the list needs to be divided into essential jobs, that must be done, and those that are not so...
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When you have Grand Designs and a £30M budget this Mayfair mansion may be up your street – Times Online

When you have Grand Designs and a £30M budget this Mayfair mansion may be up your street.  Do you fancy a £30M doer-upper in Mayfair? Simon Halabi, the billionaire owner of a £500 million trophy collection of London office blocks that was handed to administrators last month, is selling a property in Mayfair for £30.5 million. Mr Halabi has put the four-storey, Grade II-listed 21 Charles Street on the market with two estate agents. The run-down Georgian terrace is in urgent need of repair and has been left empty for years, according to Westminster Council….. More http://tinyurl.com/ygraq7l
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How to find a property to develop with Sarah Beeny from Property Snakes & Ladders

I found this great video on www.bizzibox.com this morning.  Sarah Beeny talks about how to find a property to develop. It’s a quick 3 minute video with some useful information.  The salient points were: Choosing a location – make sure you know the area as there could be a difference between one side of the street to the other. You’ll only know this if you know the area. How would you compromise between size and location – this all comes down to your target market.  Focus on the end user and what their requirements might be. If they’re a couple with a young family then size is probably more important, but if they’re a couple without children then close proximity to bars is better. How to add value to a property – this should be instinctive when you first see the property, but ultimately its about adding square footage.  How do you work...
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Apply to be on Sarah Beeny’s new property show

Sarah Beeny I love to watch Property Snakes and Ladders. I find it really inspirational when people win big and I groan at the TV when some people don’t follow Sarah’s advice and lose hugely!  Sarah Beeny has a brand new property show coming soon. Is your dream home turning into a living nightmare? Have you discovered problems in your home such as damp, dry rot, leaks, flooding, blocked drains, infestations, cracked walls or worse? Are you thinking about renovating but need to do serious repair work first? Sarah and her team can help in this exciting new property programme. How To Apply If you are looking to save your property then please phone Matthew on 020 7855 7404 or email This email address is being protected from spambots. You need JavaScript enabled to view it.
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Refurbishment Completed!

So our refurbishment project is just about finished.  The tiling is being done tomorrow in the bathroom and the kitchen then that’s it!  The refurbishment only took 4 weeks in total which was our plan, so we were very pleased to be able to keep to the schedule.  Fortunately we were able to negotiate with the vendors so that we could gain access in between exchange and completion, therefore we only had 2 weeks of mortgage payments to make before the tenant moved in.  She moved in on the 15th of August and is very happy with her new home. The house has been refurbished to a really nice standard. I know that we could have done slightly less and it still would have rented, but I think it’s good to have a certain standard.  Particularly in this market, as it seems that there is a lot of rental property available...
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