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.

5 super easy ways to bring light and warmth to a north facing room

When it comes to decorating and furnishing your home, consider the quality of the light before anything else. Nobody wants dark and dingy rooms – we all prefer bright and welcoming spaces flooded with natural daylight. However, if your bedroom or living room faces north, it will get no direct sunlight, and the little natural light that does come in may feel cold. What to do? Luckily, interior designers are used to decorating light challenged rooms and have a few tricks up their sleeves to maximise the potential of any interior space, able to turn even the pokiest of rooms into warm and inviting places in our homes. The secret is to introduce light – and lots of it. Make the most of natural light Even if the room in question only has a small window, some daylight is bound to find its way in, so make the most of...
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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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6 steps to choosing the right bathroom radiator

Stylish bathroom heating is everywhere. Once thought of as a bit of a luxury, heated towel rails are now a staple of many homes, adding extra comfort and warmth to bathrooms large and small. However, when it comes to choosing a bathroom radiator for your home, you need a bit more to go on than just good looks. Essentially, towel radiators are multifunctional devices that need to be able to perform a minimum of two jobs. First of all, if your bathroom radiator is your main source of heating in the room, it must provide efficient heating, so it’s nice and warm when you undress for your shower or step out of the bath. You may be able to go for a lower output towel rail if you also have underfloor heating installed but heating efficiency should not be disregarded. Secondly, the advantage of having a heated towel rail compared...
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Is a swimming pool good for your property?

Owning a private swimming pool is a dream for many homeowners and there is no doubt that having your own pool can be fantastic for your quality of life. But if you are thinking of investing in a private pool it is worth thinking about whether it is right for your property. There are a number of different factors to think about rather than just the fact that it will be a lot of fun. Looking around at many of the top manufacturers, it is easy to see how the addition of a home swimming pool can be a fabulous thing. This ‘best pools for a small home’ post on Compass Pools is particularly helpful, but read on for more facts about how swimming pools can be good or bad for your property. Adding value In many cases, having a swimming pool installed can be a fantastic way to add...
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Renovation Hints and Tips

Taking on a renovation project could be a great way to get your dream home or to make some profit from a property investment venture We’re currently in the middle of a property renovation ourselves, so we’ve put together some hints and tips to guide you along the way. Finding the property Make sure you do your research in the area that you are buying in.  The best way to make money in property is to buy at the right price.  Check the sold prices on the street to check the price of the property which you are interested in, is in the right ball park.  The street will have a ‘ceiling price’, so will dictate what you might do to renovate the property, and what to spend. If you will be renting the property, out then check the rental figures in the area to find the yield for the...
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